Via Metal Miner The Raw Steels Monthly Metals Index (MMI) returned to the downside. Overall, the index witnessed a modest 0.75% decline from March to April. Steel Prices Find Peaks as Reciprocal Tariffs Spare Steel Steel prices either found a peak or began to stabilize by the start of April. As of April 4, hot rolled coil prices fell from their peak to $920/st.
Meanwhile, CRC prices and HDG prices started to move sideways, trending only slightly higher from where they stood recent weeks, and steel plate prices dropped from their peak. Despite leveling…Steel Futures Indicate Bearish Trends Ahead
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