The Stainless Monthly Metals Index (MMI) followed last month’s six-point increase with a 16-point jump this month. Once again, the index surge came as a result of strong nickel price gains, even though a slim majority of global prices in the index declined (albeit mildly compared to nickel price increases). Need buying strategies for steel? […]
Tag: stainless steel price
Stainless MMI: Subindex Drops as Nickel Prices Show Weakness
The Stainless Steel Monthly Metals Index (MMI) declined this month, dropping by two index points to 69. A few of the prices in the basket registered fair declines, with nickel prices showing weakness. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel The LME primary nickel 3-month price decreased […]
Stainless MMI: Stainless Prices Hold Flat
The Stainless Steel Monthly Metals Index (MMI) held steady this month at 71. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices mostly ended up moving sideways as March progressed after hitting a six-month high early in the month, with the price peaking at $13,750/mt during trading. SHFE […]
Stainless MMI: Stainless Prices Continue to Tick Upward as Q1 Progresses
The Stainless Steel Monthly Metals Index (MMI) increased again this month by 4.3% to 71, up again after last month’s 11.7% gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Once again, nickel price increases provided an impetus for rising prices. This month, prices increased for all the metals in […]
The February MMI Report: MMIs Bounce Back After Down December
With the February 2019 Monthly Metals Index (MMI) report, we can officially move past 2018 and begin to take a look at the world of metals thus far in the new year. On the trade front, trade officials from the U.S. and China met in January for renewed talks on the ongoing trade standoff between the economic […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
Stainless MMI Loses Nearly 8% as LME Nickel, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) dropped five points this month, losing 7.6% and currently standing at a value of 61. The current index sits just above the August 2017 level of 59 points, when LME nickel prices touched support and rebounded. The drop came as a result of lower LME nickel prices and […]
Stainless MMI: Nickel Prices, Stainless Steel Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of six points moved the index to 72 from the previous 78 reading. Lower nickel prices led the fall, while domestic stainless steel surcharges also fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The drop in […]
The July MMI Report: Metals Markets Post a Down Month as Trade Tensions Rise
It was another busy month in the world of metals. Then again, these days quiet months in metals or in trade, generally, are few and far between. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trade tensions continued to rise, as $34 billion in tariffs on Chinese goods went into effect […]
Stainless Steel MMI: LME Nickel Prices Fall While Stainless Surcharges Rise
The Stainless Steel Monthly Metals Index (MMI) fell slightly this month, down to 82 from 84. Despite the fall in the Stainless Steel MMI, the index remains at February 2015 highs. The index dropped due to a slight decrease in LME nickel prices in June. However, stainless steel surcharges inched higher again this month, remaining […]
