Declining nickel prices saw the Stainless Monthly Metals Index (MMI) drop from April to May. Overall, the index fell 3.34%. Domestic stainless suppliers reported improved market conditions in the ...

Outokumpu has reduced discounts on various stainless steel products, though market conditions remain weak with only a modest increase in buying activity. Nickel prices have seen a nearly 9% increase ...

This week, stainless steel spot production costs pulled back in sync, narrowing steel mills' profit margins. Taking 304 cold-rolled products as an example, based on raw material prices on the day, the ...

Nucor (NUE) +2.3% and Cleveland-Cliffs (CLF) +1.3% in Friday's trading as Wells Fargo upgraded the steel producers to Overweight and Equal Weight, respectively, as the bank raised its U.S. steel price ...