The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
Category: Metal Prices
GOES MMI: ABB, Cooper Power Battle AK Steel in GOES Section 232 Exclusion Requests
GOES Monthly Metals Index (MMI) spot prices took a big drop while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook GOES appears more challenging under Section 232 because both producers […]
Global Precious MMI: Precious Metals Index Rebounds on Back of Palladium
MetalMiner’s precious metals index, tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe, bounced back in October after several months of declines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) registered a value of 83 for […]
This Morning in Metals: LME Aluminum Hits One-Week Low
This morning in metals news, the LME aluminum price has tracked back down after spiking last Wednesday, U.S. steel import permit applications fell in September and a Chilean state-owned miner is in talks to sell copper to China’s Minmetals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Aluminum Hits […]
Copper MMI: LME Copper Prices Breach $6,000/MT
In October, the Copper Monthly Metals Index (MMI) increased four points, recovering to August 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The latest Copper MMI latest increase came from stronger LME copper prices in September. The current Copper MMI stands at 77 points. LME copper prices recovered […]
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
Week in Review: Fed Raises Rates, Zinc Demand and a New NAFTA
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns covered the Federal Reserve’s latest rate hike. Zinc could be in for an image […]
Renewables MMI: Renewables Basket Metals Down Across the Board
The Renewables Monthly Metals Index (MMI) lost one point this month, falling for an October MMI reading of 103. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rare Earths Removed From Final Tariff List The U.S. Trade Representative’s office announced a list of Chinese products worth $200 billion that would be […]
Rare Earths MMI: U.S. Drops Rare Earths From $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) stood pat this month for an MMI value of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Pentagon Reviews Critical Materials Dependence Tariffs have been flying left and right this year, impacting a wide range of products, from steel and aluminum to […]
Construction MMI: August U.S. Construction Spending Up 6.5% Year Over Year
The Construction Monthly Metals Index (MMI) lost two points this month, falling for a reading of 90. U.S. Construction Spending U.S. construction spending in August — the most recently available month of Census Bureau data — hit $1,318.5 billion, up 0.1% from the revised July estimate. Need buying strategies for steel? Request your two-month free trial […]