The Automotive MMI (Monthly Metals Index) moved sideways, rising a slight 1.39%. As a whole, the US automotive market is facing a number of challenges necessitating both innovation and resilience. Why Are Critical EV Minerals in Short Supply? Automakers are grappling with shortages of critical minerals needed for electric vehicles and high-tech components. Rare earth minerals […]
Tag: steel prices
Raw Steels MMI: Will Mill Outages Halt Bearish Steel Prices?
The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.82% rise from September to October. U.S. Steel Prices Remain in Search of a Bottom U.S. steel prices continued to soften throughout September as they entered Q4 in search of a new low. Based on their October 3 close, HRC prices have now […]
Steelmakers in Europe See Jump in Hot Rolled Coil Prices as People Return from Summer Holidays
Steelmakers in Europe are seeing a large jump in hot rolled coil prices as people start to return to work from their summer holidays, which could have significant implications for the steel industry. “Stocks are low,” one source said about inventories for the flat rolled product held by both stockists and end-users. Mills are currently […]
Automotive MMI: U.S. Automakers Grapple with Metal Supply Complications
The Automotive MMI (Monthly Metals Index) moved sideways, dropping a slight 2.3%. This comes as the US automotive market, manufacturers in particular, are facing a one-two punch of rising costs and potential shortages in their metal supply chains. A big reason for this is steep tariffs on steel, aluminum and other inputs, which are driving […]
Raw Steels MMI: Steel Prices Search for New Low
The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of […]
Will EU Steel Hikes Spill Over into U.S. Prices?
According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost […]
Raw Steels MMI: Steel Prices Soften, More Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) accelerated during the month, moving up 3.87% from July to August as steel prices continued to slide. U.S. Steel Prices Continue Slow Downtrend U.S. steel prices have remained within a slow but steady downtrend since their late-March peak. As of mid-August, prices were down 9.49%, falling to their […]
Automotive MMI: Tariffs Fuel Turbulence in Auto Metals, U.S. Automakers Face Summer Price Spikes
The Automotive MMI (Monthly Metals Index) moved sideways, dropping by 0.84%. The U.S. automotive sector is reeling from recent developments that are dramatically altering the landscape for metal sourcing and procurement. Over the past month, new metal tariffs and trade deals, wild swings in aluminum and copper prices and frank warnings from automakers have converged […]
Can China’s Steel Rally Outrun Its Struggling Property Market?
In the end, China exceeded market expectations, posting a 5.2% year-on-year growth on July 14 compared to the market forecast of 5%. According to the economic data released by the National Bureau of Statistics, strong trade and industrial production helped to propel growth, indicating that China has braved the tariff war unleashed by the United […]
European Steel Prices Slide, But Will They Stay There?
Sources tell MetalMiner that lower seasonal demand has continued to push hot-rolled coil prices down in northern Europe since late June. In terms of steel prices, this means that mills are now quoting €540–550 ($625–640) per metric ton ex-works for August rolling and September delivery, down from €570 ($660) reported on June 23. It is […]