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Sep 03, 2015 · The monthly Raw Steels MMI® registered a value of 55 in August, a decrease of 1.8% from 56 in July. After Chinese steel prices slumped in July, they fell again in August but were at least more stable. Domestic prices remain low but seem to be stabilizing as well,
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European Steel prices are computed from a weighted average (based on consumption) of the low values identified in the top five consuming countries for each product in the relevant period – collected in national currencies and converted into Euros using currency exchange rates effective at the start of each month to provide a basis for comparisons.
But the price of a hot rolled steel coil, one of the main products manufactured at Northwest Indiana mills, has fallen below the “psychologically important” $500 per ton threshold because of
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