Via Metal Miner Declining nickel prices saw the Stainless Monthly Metals Index (MMI) drop from April to May. Overall, the index fell 3.34%. Suppliers Report Better Q1 Performance Domestic stainless suppliers reported improved market conditions in the first quarter. Both mills and service centers saw shipments increase as the barrage of tariff announcements spooked at least a few buyers back into the market.
Among mills, Outokumpu reported an 11% seasonal rise in its global stainless steel deliveries during the first quarter after admittedly coming…Stainless Steel Prices Dragged Lower by Nickel's Decline
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