The Raw Steels Monthly Metals Index (MMI) picked up 9.0% for this month’s reading, as steel prices continued ascending this past month. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. US steel prices continue to […]
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Raw Steels MMI: US steel prices keep rising but pace of gains begins to slow
The Raw Steels Monthly Metals Index (MMI) rose by 7.8% for this month’s reading, as steel prices continued to rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Steel price gains slow As we’ve chronicled in this monthly column, steel prices have been rising consistently since […]
Raw Steels MMI: As steel price gains slow, could a peak be near?
The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. Steel price gains appear to slow Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply. However, the pace of the price gains has started […]
Raw Steels MMI: Section 232 steel tariff upheld after challenge from steel importers
The Raw Steels Monthly Metals Index (MMI) increased for the ninth consecutive month, rising by 0.5% as US steel prices continued to rise. Buying organizations should continue to buy as needed, as prices remain at all-time highs. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal […]
Raw Steels MMI: Index increases by double digits as steel prices gain to close 2020
The Raw Steels Monthly Metals Index (MMI) increased by 16.5% this month, as steel prices showed strength in December. U.S. steel events The American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction sent a letter to Joe […]
Raw Steel MMI: U.S. steel prices continue uptrend
The Raw Steels Monthly Metals Index (MMI) increased by 5.4% this month, as U.S. steel prices continued to rise last month. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! U.S. and Chinese prices relation U.S. steel prices continued to increase in […]
Raw Steels MMI: Steel market recovery shows strength
The Raw Steels Monthly Metals Index (MMI) increased 2.8% for this month’s index value amid a steel market recovery. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. Steel market recovery All U.S. forms of steel prices increased throughout September. HRC, CRC and HDG prices increased rapidly […]
Raw Steels MMI: U.S. steel prices make gains, aided by auto sector
The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value. Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up […]
Raw Steels MMI: Demand remains strong in China, lagging elsewhere
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI value. Learn when you should use a steel scrap cap collar contract versus a finished price index. Chinese demand on the rise In the past few months, Chinese HRC and CRC prices have increased over 20%. Meanwhile, their U.S. counterparts have followed […]
Raw Steels MMI: U.S. market still has a steep curve ahead
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI reading.
