Tag: Stainless MMI

Stainless MMI: Bearish Stainless Demand Leads to Steep Discounts

Stainless MMI: Bearish Stainless Demand Leads to Steep Discounts Stainless Steel Cold Rolled Coil Rolls

Overall, the Stainless Monthly Metals Index (MMI) reversed to the downside, with a 10.88% drop from June to July. Nickel prices experienced heavy losses during June, securing the title of worst-performing base metal with an over 14% decline. Prices had fallen over 19% from their May 20 peak by early June as they remained in […]

Stainless MMI: Stainless Demand Slow, NAS Determines New Ferrochrome Pricing

Stainless MMI: Stainless Demand Slow, NAS Determines New Ferrochrome Pricing NickelLumps

Overall, the Stainless Monthly Metals Index (MMI) rose 3.89% from May to June. The nickel price mirrored other base metals, finding a peak on May 20 before inverting to the downside. By the close of June 20, nickel prices had fallen over 19%, returning to their lowest level since early April. That said, they remain […]

Stainless MMI: Mills Post Q1 Results as Nickel Prices Stabilize

Stainless MMI: Mills Post Q1 Results as Nickel Prices Stabilize Nickel chunks

Nickel prices followed other base metals up throughout April, with a nearly 15% month-over-month rise. By late April, prices hit their highest level since September, although they subsequently began to retrace as upside momentum cooled. Overall, the Stainless Monthly Metals Index (MMI) rebounded, with a 9.58% jump from April to May. Outokumpu, Acerinox Post Q1 […]

Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market

Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market stainless steel prices

Nickel prices continued to the upside during the first half of March, taking a momentary pause from their long-term downtrend. However, prices found a peak by March 13, reaching their highest level since October 2023. Following that, the rally collapsed, and prices returned to the downside. Overall, nickel prices fell 5.56% month over month. The […]

Stainless MMI: Stainless Market Sees Pick-Up as Nickel Prices Stagnate

Stainless MMI: Stainless Market Sees Pick-Up as Nickel Prices Stagnate Raw nickel lumps. The monthly nickel price

Nickel prices inverted to the upside in February, with an 8.71% month-over-month rise. Following a 3.53% increase during the first weeks of March, prices appeared to stagnate after they found at least a short-term peak on March 13. Overall, the Stainless Monthly Metals Index (MMI) remained sideways, with a modest 1.95% rise from February to […]

Stainless MMI: Stainless Steel Prices, a Bearish Market, Outokumpu Expects Quarterly Improvement

Stainless MMI: Stainless Steel Prices, a Bearish Market, Outokumpu Expects Quarterly Improvement Outokumpu

The downtrend for nickel prices showed signs of exhaustion, with significant potential to impact stainless steel prices. Nickel moved sideways throughout January with a modest 1.60% decline. While directional momentum remained slow, prices continued to edge lower during the first weeks of February and now sit at their lowest level since April 2021. Overall, the […]

Stainless MMI: Stainless Demand Muted, Nickel Price Falling as Market Enters Seasonal High Point

Stainless MMI: Stainless Demand Muted, Nickel Price Falling as Market Enters Seasonal High Point Raw nickel lumps. The monthly nickel price

The nickel price remained within a strong downtrend throughout November, hitting its lowest point since April 2021. While prices appeared to stabilize during the first half of December, the nickel market has overwhelmingly proven itself the worst-performing base metal, with a roughly 45% year-to-date drop. Overall, the Stainless Monthly Metals Index (MMI) moved sideways, falling […]

Stainless MMI: Stainless Market Bearish, Nickel Prices Prove Worst-Performing Base Metal of 2023

Stainless MMI: Stainless Market Bearish, Nickel Prices Prove Worst-Performing Base Metal of 2023 Nickel

Nickel prices remained within a strong downtrend throughout November, hitting their lowest level since April 2021. While prices appeared to stabilize during the first half of December, the nickel market has overwhelmingly proven itself the worst-performing base metal with a roughly 45% year-to-date drop. Overall, the Stainless Monthly Metals Index (MMI) remained bearish, with a […]

Stainless MMI: Stainless Market, Nickel Price Remain Bearish

Stainless MMI: Stainless Market, Nickel Price Remain Bearish steel rolls, steel prices

Nickel price data continued to decline during the month, dropping a total of 4.06%. While prices remain above their pre-squeeze historical average, they recently fell to their lowest level since October 2021 as they continue to slip below short-term support. All components declined during the month, which saw the Stainless Monthly Metals Index (MMI) fall 4.56% […]

Stainless MMI: Stainless Mills Scramble for Orders as Nickel Prices Hit 2-year Low

Stainless MMI: Stainless Mills Scramble for Orders as Nickel Prices Hit 2-year Low rolls.jpg

Nickel prices remained decidedly bearish throughout October, experiencing the largest monthly decline amongst base metals. Indeed, prices fell over 7% to their lowest level since October 2021.  Overall, the Stainless Monthly Metals Index (MMI) continued to decline, dropping 5.74% from September to October. Crush the competition by getting access to weekly exclusive nickel market intel. Opt into MetalMiner’s free […]

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