The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.82% rise from September to October. U.S. Steel Prices Remain in Search of a Bottom U.S. steel prices continued to soften throughout September as they entered Q4 in search of a new low. Based on their October 3 close, HRC prices have now […]
Category: Metal Prices
Steelmakers in Europe See Jump in Hot Rolled Coil Prices as People Return from Summer Holidays
Steelmakers in Europe are seeing a large jump in hot rolled coil prices as people start to return to work from their summer holidays, which could have significant implications for the steel industry. “Stocks are low,” one source said about inventories for the flat rolled product held by both stockists and end-users. Mills are currently […]
Aluminum MMI: Aluminum Prices Hit 6-Month High
The Aluminum Monthly Metals Index (MMI) remained sideways with an upside bias, rising 0.56% from August to September. Meanwhile, the global price of aluminum reached highs not seen since the beginning of the year. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Worried about the fluctuating price […]
Copper MMI: Comex Prices Hold Premium After Critical Minerals Recommendation
The Copper Monthly Metals Index (MMI) remained sideways, with a 1.87% decline from July to August. Meanwhile, the price of copper saw some notable upticks from August to September, as well as some significant drops. Keep up with why and when the price of copper shifts in 2025. Get the latest updates with MetalMiner’s free […]
Automotive MMI: U.S. Automakers Grapple with Metal Supply Complications
The Automotive MMI (Monthly Metals Index) moved sideways, dropping a slight 2.3%. This comes as the US automotive market, manufacturers in particular, are facing a one-two punch of rising costs and potential shortages in their metal supply chains. A big reason for this is steep tariffs on steel, aluminum and other inputs, which are driving […]
Raw Steels MMI: Steel Prices Search for New Low
The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of […]
Rare Earths MMI – End of Summer Rally: New U.S. Policy Moves and 40% Price Spikes
The Rare Earths MMI (Monthly Metals Index) moved sideways, but gained bullish momentum from the prior month, rising 2.15%. This comes as the rare earths market experienced numerous developments over the past 30 days, including discussions between Malaysia and China to develop new plans for rare earth processing. Notably, this would be limited strictly to […]
Stainless MMI: Stainless Mills Hold Prices Ahead of Contracting
The Stainless Monthly Metals Index (MMI) moved sideways, with a modest 1.69% increase from August to September. Interested to learn how stainless steel sourcing companies and food equipment manufacturers reduce procurement costs? Opt into MetalMiner’s free weekly newsletter. U.S. Stainless Steel Prices Flat in August U.S. stainless steel prices moved sideways during August. Since their […]
China Lifts Rare Earth Export Curbs On India
In a move with far-reaching implications for global supply chains and global diplomacy, China has lifted its export restrictions on rare earths to India. The monumental decision also includes key commodities like fertilizers and tunnel boring machines, and follows high-level talks between Indian External Affairs Minister S. Jaishankar and Chinese Foreign Minister Wang Yi, who […]
Will EU Steel Hikes Spill Over into U.S. Prices?
According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost […]