Hot rolled coil prices in Europe have remained largely unchanged in the past two weeks. However, a proposal by the European Union to slash import quotas has raised concerns among market participants. Hot Rolled Coil Deliveries Surging into the EU Mills in northern Europe continue to seek €580-600 ($700) per metric ton EXW for the […]
Tag: tariffs
Stainless MMI: Stainless Mill Hold Prices Ahead of Contracting
The Stainless Monthly Metals Index (MMI) showed little volatility during the month as all of its elements, including nickel prices, moved sideways. This translated to an overall 0.12% increase from September to October. U.S. Stainless Steel Prices, Market Holds Flat U.S. stainless prices maintained their sideways trend as mills continued the base price increases instituted […]
Will a 15% U.S. Tariff on EU Autos Reshape Global Car Trade?
In a move with major implications for the global automotive industry, the U.S. federal government has implemented a 15% import tariff on auto imports from the European Union. According to a federal register notice from September 24, the move affects cars as well as auto parts. That notice went on to indicate that the duties […]
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 […]
China vs. Canada: Steel Showdown Heads to the WTO
China’s decision to file a complaint in the World Trade Organization against Canadian tariffs and the steel tariff rate quota has re-focused the spotlight on what many have dubbed an “already-strained trade relationship” between the two countries. A few years ago, both nations resorted to tit-for-tat measures, including tariffs on everything from canola to electric […]
Stainless MMI: Suppliers Note Weak Q2 Despite Firm Stainless Prices
The Stainless Monthly Metals Index (MMI) moved sideways, with a modest 0.32% increase from July to August. Though it also remained flat for the month, the nickel price continued on an overall downtrend. Stainless Mills Note Weak Demand Despite a round of price hikes in recent months, the stainless market remains weak, with no evidence […]
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 […]
Aluminum MMI: MW Premium Futures Stagger, Aluminum Demand Soft
The Aluminum Monthly Metals Index (MMI) edged higher, but the pace slowed. Ultimately, the index saw just a 0.85% rise from July to August as the price of aluminum seemed to enter a period of flux. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Midwest Premium Futures […]