Stainless Steel Remains Buyers Market As Demand Growth Flatlines

By Nichole Bastin via AGMetalminer.com The Stainless Monthly Metals Index (MMI) rose a modest 0.67% from April to May. Following increased volatility over the last few months, nickel prices began to slow down in terms of sharp breakouts or breakdowns. As a result, the larger sideways trend continued with no clear direction.

  Stainless Remains a Buyer’s Market For months, buyers have had the benefit of opportunistic pricing on transactional stainless 304 business. Inventories throughout the entire supply chain continue to be working their…