Via AG Metal Miner The Automotive MMI (Monthly Metals Index) continued its decline in June, this time falling by 3.28%. The aluminum and copper components of the index traded sideways. However, all other parts of the index dropped. Lead prices managed to trend more sideways in June than in May, but weak demand continues to impact lead and steel prices.
Though U.S. car sales also trended higher in June, they weren’t enough to pull the automotive index upward. U.S. Vehicle Demand Up According to a recent Reuter’s report, new vehicle demand…Shaky Steel Market Could Be A Speed Bump For Rising Auto Sales
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