Via AG Metal Miner The Raw Steels Monthly Metals Index (MMI) fell by 5.08% from October to November. A number of factors played into steel prices dropping. After U.S. steel prices appeared to flatten, the descent for hot rolled coil, cold rolled coil, and hot dipped galvanized prices accelerated throughout October.
Hot rolled coil prices now sit at their lowest level since November 2020. Plate prices, however, remain sideways, experiencing only modest declines throughout October. Nucor Keeps Plate Prices Flat in December Source: Insights, Chart…Steel Prices Face Further Downward Pressure As Extra Supply Looms
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