Via Metal Miner Overall, the Stainless Monthly Metals Index (MMI) reversed to the downside, with a 10.88% drop from June to July. Nickel prices experienced heavy losses during June, securing the title of worst-performing base metal with an over 14% decline. Prices had fallen over 19% from their May 20 peak by early June as they remained in search of a new bottom.
Bearish Conditions Lead to Steep Stainless Discounts Bearish conditions continued to reverberate through the stainless steel sector throughout June. Distributors and brokers reported an…Cold Rolled Stainless Imports Surge Despite Higher Freight Rates
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