What is AMM pricing?
AMM is an impartial and independent PRA which engages with all sides of the market. Our editorial team follows a strict code of conduct and pricing procedures when assessing prices and calculating indices. All proprietary prices have transparent methodologies and price speci- fications for each price available online.
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What is the AMM index?
The AMM Index methodology is a tonnage- weighted calculation of transactions that have been normalized to our base specifica- tion using value-in-use curves as defined by the market. Our methodology aims to use the input of high-quality data.
What is driving steel prices up?
The demand for the steel is soaring, but the demand for iron ore is in decline. A number of factors account for the high prices of steel futures—among them, tariffs imposed by the Trump administration on imported steel, and the pent-up demand in manufacturing after the pandemic.
What's happening with steel prices?
In March 2020, prior to the COVID-19 pandemic, steel prices traded between $500 and $800. The price of steel as of July 2021 is up over 200%, trading at $1,800, and many involved in the market don't see the price reducing until at least 2022.