The overall direction for industrial metal prices continues to be generally weak. Despite some mild increases, this remains a buyers’ market.
Aluminum – While the chart indicates a continual decline from April through August, the percentage decline is less pronounced than the other product groups, and a minor increase was demonstrated in September. North American Aluminum demand is essentially flat on a year-over-year basis.
Cold Rolled – After a period of relative stability, cold rolled prices have weakened since late spring. Slight mill price increases appear to be holding and could result in more sustained upward momentum.
Hot Rolled – While the mills have started to get some price increases to hold, these are only now beginning to impact our chart. Although prices continue to be weak, general stability appears to be the current status.
Stainless – Currently the weakest of the four product groups, Stainless Steel prices have deteriorated materially. September has shown a very slight up-tick. Nickel, a major component and influencer to the cost of stainless, is currently stable after its long term declining price trend.
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