U.S. Stainless Steel Prices Remain Stable Despite Trade Concerns
Stainless Monthly Metal Index Update The Stainless Monthly Metal Index (MMI) showed little movement, registering a 1.69% increase from August to September, landing at 1.69% overall. US Stainless Steel Prices Steady in August In August, US stainless steel prices remained stable. Following several announcements in recent months, mills have managed to maintain an upward trend […]
Nickel Surplus Affects Stainless Steel Even with U.S. Tariff Backup
Stainless Steel Market Update In the recent period from July to August, we saw a small rise of 0.32% in the Stainless Monthly Metal Index, indicating a somewhat stable trend. However, it’s notable that nickel prices have been on a general decline, despite being relatively flat this month. Weak Demand for Stainless Mills The landscape […]
Stainless Steel Market Responds to Tariff Increases – Today’s Crude Oil Prices
Customs Hike Shakes Up the US Stainless Steel Market Recently, the U.S. stainless steel market has been unsettled by a significant increase in tariffs. President Trump’s adjustments to the Section 232 Tax raised import duties on steel and aluminum from 25% to 50%. This change took effect on June 4, catching both suppliers and buyers […]
Trump impersonates Elon Musk talking about rockets: ‘I’m doing a new stainless steel hub’
Former President Trump did an impersonation of SpaceX and Tesla CEO Elon Musk at an event in Washington DC this week, drawing laughs from the crowd as he pretended to talk about rocket development. Trump told an audience at the annual Moms for Liberty conference on Thursday that Musk has given her “tremendous support” and […]