The Stainless Monthly Metals Index (MMI) increased by 3.8% for this month’s index value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. producers wary to ramp up capacity Demand from automotive and white goods manufacturers has been strong in the […]
Category: Metal Prices
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
This Morning in Metals: ArcelorMittal completes sale of ArcelorMittal USA to Cleveland-Cliffs
This morning in metals news: ArcelorMittal officially completed the sale of ArcelorMittal USA to Cleveland-Cliffs; the Energy Information Administration (EIA) projects energy-related carbon dioxide emissions to fall this year; and the copper price continues its long-term rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
Aluminum performing strongly on China data
China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have boosted demand for all the base metals. However, aluminum has arguably seen the biggest benefit. Sign up […]
Raw Steel MMI: Index increases by 9%
The Raw Steels Monthly Metals Index (MMI) increased by 9% for this month’s value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. demand continues to recover Year-to-date production through Nov. 28, 2020 declined 18.4%, according to the American Iron and […]
Zinc is following a bull narrative like copper
On the face of it, zinc is yet another base metal on a bull run, from a low of $1,675 per ton in March of this year to around $2,800 per ton now. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! An ING […]
This Morning in Metals: $2 trillion in infrastructure, green policies seen as boon for metals; Why China is binging on aluminum imports
In the coming months, metal prices could be buoyed by policies of the next U.S. presidential administration, Reuters reports. President-elect Joe Biden plans to spend $2 trillion on infrastructure and promote green policies, which require the use of more batteries and solar panels — both of which rely heavily on metals. MetalMiner should-cost models: Give […]
Copper MMI: China’s new exchange signals change
The Copper Monthly Metals Index (MMI) increased 11.0%. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! New copper futures contract On Nov. 19, the Shanghai International Energy Exchange (INE), a subsidiary of the SHFE, started trading new bonded copper futures contracts. This contract […]
Industrial metals prices performing well
Industrial metals have done rather well in bouncing back from the coronavirus pandemic lockdowns. Classic fundamentals have been supported by rising sentiment to boost prices across the board. Mine supply has been constrained by governments forcing companies to close mine sites and refineries in a bid to contain the spread of the virus resulting in […]
Week in Review: Aluminum MMI focuses on sky-high prices; China topping a billion tons in steel output; Copper’s bull run
This edition of week in review will also include a preview. MetalMiner’s Monthly Metals Index kicked off Thursday with a look at aluminum, and the MMI series will continue with an examination of developments in the copper market on Monday, with posts about steel, construction, automobiles and other MMI topics to follow. Check if your […]