Iron Ore Hovering Near a 6-Year Low
Spot iron ore slipped to near its weakest level in almost six years, reflecting tepid demand for the commodity in top consumer China, where steel prices have been hit by slower consumption. Free...
View ArticleWith More-Than-Healthy Russian Steel Exports, Moscow Considers Export Taxes
Russian domestic steel prices jumped as domestic producers there continue to seek parity with expanding exports. The government is considering imposing a levy on shipments overseas. Free Download:...
View ArticleSteel Prices Plummet in March as Cheap Russian Exports Take Hold
The steel prices plummet continued this month in the the monthly Raw Steels MMI® and registered a value of 60, a decrease of 11.8% from 68 in February. In February steel prices fell sharply, not only...
View ArticleRaw Steels MMI®: U.S. Steel Idles Minnesota Iron Ore Operation, Announces...
U.S. Steel on Thursday announced more layoffs as it continues to fight lower-priced, surging imports and declining demand in the energy sector, saying it will temporarily idle one of its iron-ore...
View ArticleRaw Steels MMI Receives a Much-Needed Reprieve, Finishes the Month Flat
Steel held its price for the first time in seven months, breaking a string of losses that most market observers expected would continue. The monthly Raw Steels MMI® registered a value of 60 in April,...
View ArticleRaw Steels MMI® Holds Steady in its Low Trough With No Support
Steel prices remain at their lowest levels. Almost every industrial metal price rose in April as a weaker dollar gave a boost to commodity markets. However, steel prices remained quiet, hanging at...
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US Steel Price Forecast Bends Downward, as Scrap, Imports Rising
The price forecast for US steel markets, much like me after contracting salmonella poisoning last week, has been quite lethargic lately. An imminent pullout from the doldrums doesn't look all too...
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Raw Steels MMI® Falls as Chinese Steel Hits Its Lowest Point in 20 Years
While domestic prices remained stable in June, Chinese steel prices plunged with its stock market. Also, the non-liquid London Metal Exchange steel billet contract fell sharply, weighing on our index....
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Raw Steels MMI® Falls Only 1.8%…. and That’s Actually Progress
The monthly Raw Steels MMI® registered a value of 55 in August, a decrease of 1.8% from 56 in July. After Chinese steel prices slumped in July, they fell again in August but were at least more stable....
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Raw Steels MMI® Still in Freefall, Now Down to 52… Another All-Time Low
The monthly Raw Steels MMI® registered a value of 52 in September, a decrease of 5.4% from 55 in August. In July, it seemed like steel prices were stabilizing for awhile, but prices fell again last...
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Raw Steels MMI: Prices slide while capacity grows
The Raw Steels Monthly Metals Index (MMI) fell by 4.6% month over month. U.S. steel prices continue to fall, led by HRC. Plate prices moved sideways. Nonetheless, they remain beneath their peak. U.S.,...
View ArticleBan on Australian coal imports has minimal impact on China steel prices
China and Australia appear to have finally moved away from each other. The relationship turned frosty after China imposed an “unofficial ban” on Australian coal imports back in November, 2019. At the...
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Raw Steels MMI: Steel prices continue to drop
U.S. steel prices continue to retreat. After consistent week-over-week declines, HRC prices now sit more than 15% beneath their late-April peak while plate prices continue to trade sideways as they...
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Renewable/GOES MMI: Renewable Prices Nose-Dive, GOES Remains Strong
The Renewables MMI (Monthly Metals Index) dropped significantly from June to July. All in all, the index fell a staggering 22.05%. How will this impact steel prices today? Problems With China’s Solar...
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Raw Steels MMI: Hot Rolled Coil Prices Hit New Lows
U.S. steel prices continued their decline this month alongside other steel markets. Hot rolled coil, cold rolled coil, and hot dipped galvanized prices all dropped beneath their early March bottoms....
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Automotive MMI: Downward Trend Continues, Experts Lose Confidence in the...
The Automotive MMI (Monthly Metals Index) dropped by 6.32% this past month, a downward trend it has been maintaining since May. The drop comes despite valiant efforts to put out some of the fires...
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Raw Steels MMI: Steel Prices Decline, Pace Slows
U.S. steel prices continue to search for a bottom, although the pace of declines began to slow as August saw the smallest month-over-month percent decrease since May. Nonetheless, by early September,...
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