Overall, the Stainless Monthly Metals Index (MMI) steadied, with a modest 0.3% increase from November to December. Stainless, Nickel Prices to Depart 2024 on a Low Note Stainless distributors had nothing good to say about 2024 on the heels of the new year. To many, 2024 was mostly characterized by soft demand conditions and an […]
Nichole Bastin
Raw Steels MMI: Steel Prices Hold Steady Ahead of 2025
The Raw Steels Monthly Metals Index (MMI) steel prices for the month remained consolidated, with a modest 1.78% decline from November to December. Mills Keep a Lid on Production, Steel Prices After a disappointing Q3 for U.S. flat rolled steel prices, mills appeared to take capacity discipline seriously in the final months of 2024. The […]
Aluminum MMI: End of China Rebates, Alumina Supply Support Aluminum Prices
The Aluminum Monthly Metals Index (MMI) steadied, with a 1.38% rise from October to November. Aluminum prices moved sideways during October. While they only managed a 0.99% rise, aluminum still managed to outperform other base metals during the month. However, prices started to slip by mid-November as they echoed the increasingly bearish trend emerging in […]
Copper MMI: Copper Prices Sideways After Trump Election
Overall, the Copper Monthly Metals Index (MMI) retraced to the downside, with a 3.56% decline from October to November. After outperforming the base metal category last month, Comex (CME) copper prices found a peak on October 3. This was followed by a modest retracement that saw copper prices fall 5.21% from the close of September. Despite […]
Raw Steels MMI: Steel Prices Hold Sideways Following Bearish Q3
The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight upside bias, showing a modest 1.44% increase from October to November. U.S. flat rolled steel prices mostly moved sideways during October. HRC prices edged lower, with a 1.29% decline, while CRC prices rose by a mere 0.95%. HDG prices skipped the sideways trend […]
Stainless MMI: Falling Stainless Prices Drag Suppliers
Overall, the Stainless Monthly Metals Index (MMI) accelerated declines from the previous month, with a 3.45% drop from October to November. Following a slight increase during September, nickel prices returned bearish. Prices fell 8.72% throughout October before they found a bottom at the close of the month, making them the worst-performing base metal. Crush your […]
Aluminum MMI: Aluminum Market Sees Mixed Headwinds
The Aluminum Monthly Metals Index (MMI) rose 3.16% from September to October. Aluminum prices continued to rise throughout September, with a 5.31% increase. By October 4, the uptrend found at least a short-term peak as the price of aluminum hit its highest level since June, followed by a modest decline. Get weekly updates with expert-driven […]
Copper MMI: Copper Price Optimism Dips Amid Challenges
Overall, the Copper Monthly Metals Index (MMI) accelerated from the previous month, with a 6.4% rise from September to October. Comex copper prices outperformed other base metals during September, as the price of copper rose 9.55% to close the month above the $10,000 per metric ton mark. By October 4, prices found at least a […]
Raw Steels MMI: Steel Prices Edge Higher as Output Plummets
The Raw Steels Monthly Metals Index (MMI) moved sideways, with a mere 0.12% increase from September to October. U.S. flat rolled steel prices showed mixed direction during September. HRC prices traded up, CRC prices moved sideways and HDG prices traded down. However, CRC and HDG prices found at least a short-term bottom in September. By […]
Stainless MMI: Stainless Mills Struggle With Oversupply
Overall, the Stainless Monthly Metals Index (MMI) fell 0.75% from September to October. Nickel prices moved sideways with a slight upside bias throughout September. In total, prices rose 1.64% month over month, which offered support to the 304 stainless surcharge. Stainless Entered the Month Heavily Oversupplied The stainless market opened Q4 with little optimism. Reports […]
