Via AG Metal Miner The Automotive MMI (Monthly MetalMiner Index) rose slightly higher than in previous reports. Month-over-month, the index went up by 5.08%. Automobile inventories may be rising, but consumers are much more reluctant to purchase than they were six months ago. With interest rates still climbing, more and more consumers continue to steer away from vehicle purchases. In response, many automobile distributors have begun lowering prices or offering large discounts/rebates to help clear out inventory. Hot dipped galvanized…
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