Historic UAW Strike Spells Uncertainty For Steel Prices

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) moved sideways, with a 2.83% decline from August to September as steel prices dropped almost across the board. Indeed, flat-rolled steel prices continued their downtrends throughout August. Amid uninterrupted week-over-week declines, HRC prices saw the largest drop, falling 10.3% throughout the month. By mid-September, prices reached their lowest level since January 2023. This pushes them closer to their last major low in December 2022 in the mid-$600 per short ton range. UAW Strike…