The Stainless Monthly Metals Index (MMI) moved sideways, sliding a modest 0.54% from October to November. Nickel prices and the overall stainless steel market faced demand woes coming out of Q3, softening even more than in Q3. Stainless Demand Softens from Q2 The global stainless steel market showed zero signs of recovery in Q3. Demand […]
Nichole Bastin
Stainless MMI: Stainless Inventories High, Mill Lead Times Low as Base Prices Hold Firm
The nickel price index continued to trend downward, as it fell to its lowest level since July 2022 by mid-September. Following an over 7% decline during August, prices fell nearly 3% during the first two weeks of September. As prices drop toward historical support zones, they come close to wiping out nearly all gains from […]
Stainless MMI: Nickel Prices Hit Bottom by Mid-July
The Stainless Monthly Metals Index (MMI) dropped 8.87% from June to July. After nickel prices hit a bottom mid-July, they followed the base metal trend upward. By the beginning of August, however, the rebound had faltered, and prices resumed their descent. Both last month’s increases and this month’s declines were extremely narrow. For that reason, […]