Here’s a quick metal market price update before we head into the weekend!
We are green across the board today!
Copper is sitting at $3.75 for its July contract, this is up 1.84% on the day!
Another big mover was nickel, which is up 3.66% on the day. And as you guys know this will be good for stainless because nickel is a key component in stainless.
Aluminum is also up today with a gain of .68%!
This is a positive sign after seeing a big drop in non ferrous prices the past couple of months.
Steel on the other hand is still looking like it will be down next month in our region as investors are predicting another underwhelming month.
The next things we are looking at that could affect the metal market in the near future is the US debt default decision and the FEDs interest rate decision!
Stay tuned for more!