The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices. Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by […]
Tag: Stainless MMI
Stainless MMI: Strong stainless demand to continue into 2022
The Stainless Monthly Metals Index (MMI) increased by 8.2% for this month’s reading. Stop obsessing about the actual forecasted nickel price — it’s more important to spot the trend. Outokumpu demand outlook Stainless steel producer Outokumpu released its half-year report, reporting that their sales increased by 16.8% for the first half of 2021 compared to […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]
Stainless MMI: Stainless steel demand expected to keep increasing
The Stainless Monthly Metals Index (MMI) increased by 4.3% for this month’s reading, as stainless steel demand is likely to continue to grow in the years ahead. Do you know the five best practices of sourcing metals, including stainless steel? Increasing stainless steel production, demand According to International Stainless Steel Forum (ISSF) data, stainless steel […]
Stainless MMI: ATI strike continues into seventh week
The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities. […]
Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes
The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week […]
Stainless MMI: Nickel price drops on Tsingshan supply news
The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
Stainless MMI: Base prices, surcharges continue to increase
The Stainless Monthly Metals Index (MMI) increased by 4.5%, as stainless flat rolled base prices continue to move upward due to extended lead times and limited domestic capacity (following a similar trend with steel prices). Stainless steel producers raise prices Stainless steel producers North American Stainless (NAS) and Outokumpu announced price increases effective for February […]
Stainless MMI: Demand, prices to increase in 2021; ATI exits standard stainless sheet product market
The Stainless Monthly Metals Index (MMI) increased by 6.0% this month, as ATI issued a major announcement and China ups its stainless imports from Indonesia. ATI exits stainless steel commodity market products Allegheny Technologies Incorporated (ATI) announced Dec. 2 that the company would exit the standard stainless sheet product market. The move reduces availability of […]
Stainless MMI: Producers wary to ramp up capacity
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 […]