The Stainless Monthly Metals Index (MMI) showed little volatility during the month as all of its elements, including nickel prices, moved sideways. This translated to an overall 0.12% increase from September to October. U.S. Stainless Steel Prices, Market Holds Flat U.S. stainless prices maintained their sideways trend as mills continued the base price increases instituted […]
Category: Stainless Steel
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 […]
Stainless MMI: Suppliers Note Weak Q2 Despite Firm Stainless Prices
The Stainless Monthly Metals Index (MMI) moved sideways, with a modest 0.32% increase from July to August. Though it also remained flat for the month, the nickel price continued on an overall downtrend. Stainless Mills Note Weak Demand Despite a round of price hikes in recent months, the stainless market remains weak, with no evidence […]
Stainless MMI: Mills Secure Price Increases Despite Weak Demand
The Stainless Monthly Metals Index (MMI) moved sideways, but the downside bias continued. Overall, the index fell 0.9% from June to July. Meanwhile, nickel prices continued their slow slide downward. Mill Price Hikes Hold June brought in a wave of price hikes from U.S. mills. NAS led the market, issuing possibly its largest ever increase […]
Stainless MMI: Tariff Impacts on the Stainless Market
The Stainless Monthly Metals Index (MMI) moved sideways, rising by a modest 0.35% from May to June. However, the stainless steel price remains under pressure from several factors. Tariff Hike Rattles the U.S. Stainless Steel Market In a move few saw coming, President Trump doubled Section 232 tariffs on steel and aluminum imports from 25% […]
Stainless MMI: Stainless Prices Stable Despite Q1 Market Improvements
Declining nickel prices saw the Stainless Monthly Metals Index (MMI) drop from April to May. Overall, the index fell 3.34%. Suppliers Report Better Q1 Performance Domestic stainless suppliers reported improved market conditions in the first quarter. Both mills and service centers saw shipments increase as the barrage of tariff announcements spooked at least a few […]
Global Precious Metals MMI: “Yellow Metal” Come Out Once Again as Hedging Safe Haven Amidst Tariffs
The Global Precious Metals MMI (Monthly Metals Index) saw a significant bullish action month-over-month, rising by a total of 8%. The U.S. precious metals market (and precious metals prices in general) saw dramatic swings over the past five weeks amid a backdrop of stubborn inflation, evolving interest rate expectations, new tariffs and geopolitical tensions. All […]
Stainless MMI: Stainless Market Extends Slump as Reciprocal Tariffs Spare Steel
The Stainless Monthly Metals Index (MMI) remained sideways, with an upside bias. Meanwhile, nickel prices dropped to lows last seen in 2020. Overall, the index rose by 2.16% from March to April. Buyers Hold Back from Stainless Market The U.S. stainless steel market remains lackluster. While March witnessed a modest increase in shipments, some suppliers […]
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Stainless MMI: Outokumpu Cuts Discounts, Nickel Prices Rise
The Stainless Monthly Metals Index (MMI) remained sideways, supported by modest increases among most of its components. The index rose by a modest 0.56% from February to March. Meanwhile, nickel prices continued their uptrend. Outokumpu Reduces Stainless Steel Discounts Outokumpu closed out February announcing reductions to a number of stainless steel discounts. Beginning March 1, […]