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Automotive MMI: Volatile Steel and Copper Prices Shake U.S. Auto Industry
The Automotive MMI (Monthly Metals Index) moved sideways this past month, dropping a slight 1.74%. The US automotive industry faces a bumpy ride as key metal prices continue to swing wildly. In recent weeks, critical inputs like hot-dipped galvanized steel, copper and lead have seen rapid price shifts amid new tariffs and supply chain jitters, according to MetalMiner’s weekly newsletter. chart Hot-dipped galvanized steel prices jumped dramatically in Q1. Data shows that HDG prices spiked over 19% in February alone, reaching $1,122 per short ton. They then continued upward to roughly $1,208 by early April. ... (full story)
