Steel Market Intelligence » Steel Market http://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 Steel Market Production Report – Baosteel Adding Precision Steel Wire http://www.michelleapplebaum.com/blog/?p=3776 http://www.michelleapplebaum.com/blog/?p=3776#comments Sat, 12 Jan 2013 00:53:32 +0000 http://www.michelleapplebaum.com/blog/?p=3776 Steel Market Production Increases – Chinese steelmaker Baosteel has begun constructing the 50,000 tpy “first phase” of its precision steel wire facility in Jiangsu and expects it to come online in March. The eventual “second phase” will add another 100,000 tpy of capacity bring the facilities planned total capacity to 150,000 tpy.

Steel Market Production Cuts – Mexican steel company AHMSA has idled the hot-rolling mill at its Monclova facility for 9 days to scheduled maintenance.

Sources: Steel Business Briefing, SteelOrbis

]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=3776 0 December ISM Steel Survey – More Hope; Weaker Reality http://www.michelleapplebaum.com/blog/?p=2996 http://www.michelleapplebaum.com/blog/?p=2996#comments Sat, 05 Jan 2013 00:33:28 +0000 http://www.michelleapplebaum.com/blog/?p=2996 New Report Preview:

The December Institute for Supply Management (ISM) Steel Survey showed typically “calendar-turning” optimism, as the percentage of respondents expecting …more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2996 0 Steel Market Production Report – SIDOR Limps Back Into Rebar Market http://www.michelleapplebaum.com/blog/?p=2979 http://www.michelleapplebaum.com/blog/?p=2979#comments Fri, 28 Dec 2012 22:12:40 +0000 http://www.michelleapplebaum.com/blog/?p=2979 Steel Market Production Increases – Venezuelan state-owned steelmaker SIDOR re-started one of the two blast furnaces at its slab mill after being idled for 25 days because of a limestone shortage and is using the output to produce rebar.

Steel Market Production Cuts – Chinese steelmaker Shandong has been ordered by the Chinese government to cut crude capacity by 14.9 mtpy and finished capacity by 22 mtpy over the next three years.

Steel Market Production Increases – Chinese steelmaker Shougang has fired the furnace at a new 1.1 mtpy wire rod mill and plans to begin production in mid-January.

Steel Market Production Cuts – Egyptian steelmaker Ezz halted production at the 1.3 mtpy Suez HRC facility on Tuesday due to a strike and will resume production once the dispute is resolved.

Sources: Steel Business Briefing, American Metal Market

]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2979 0 Chinese Steel Production Flash – December Steel Production Falling http://www.michelleapplebaum.com/blog/?p=2975 http://www.michelleapplebaum.com/blog/?p=2975#comments Thu, 27 Dec 2012 22:30:33 +0000 http://www.michelleapplebaum.com/blog/?p=2975 New Report Preview:

After falling 0.8% in early December, Chinese steel production estimated by the China Iron & Steel Association (CISA) for the second 10 days of December declined another …more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2975 0 November Steel Imports Post Surprising Increase; Semis and Rebar Surge http://www.michelleapplebaum.com/blog/?p=2972 http://www.michelleapplebaum.com/blog/?p=2972#comments Thu, 27 Dec 2012 17:50:22 +0000 http://www.michelleapplebaum.com/blog/?p=2972 New Report Preview:

November preliminary steel imports rose a surprising 4.7% to 2.66 million tons (mt) from October’s 2.54 mt as semi-finished tonnage jumped nearly 40% to the highest level…more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2972 0 Advance/Decliner Index Slips – Strengthening Iron Prices Provide a Backstop http://www.michelleapplebaum.com/blog/?p=2964 http://www.michelleapplebaum.com/blog/?p=2964#comments Wed, 26 Dec 2012 23:44:26 +0000 http://www.michelleapplebaum.com/blog/?p=2964 New Report Preview:

Our Advance/Decliner Index slipped from last week’s 9-month high, while our China Index stayed strong – though down slightly from last week- as Chinese mills increased…more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2964 0 Iron Ore Price Increases for Third Straight Week http://www.michelleapplebaum.com/blog/?p=2959 http://www.michelleapplebaum.com/blog/?p=2959#comments Wed, 26 Dec 2012 22:30:45 +0000 http://www.michelleapplebaum.com/blog/?p=2959 The spot reference price for 62% Fe iron ore cfr North China Increased 4.7% to $135.40 for the week ending December 21, 2012, reaching a six-month high. The price is now some 56.2% higher than the recent low of $86.70 on 9/5/2012.

The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.

The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.

Source: The Steel Index

]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2959 0 November ABI Climbs to Five-Year High; Commercial/Industrial Breaks Above Key 50 Level http://www.michelleapplebaum.com/blog/?p=2937 http://www.michelleapplebaum.com/blog/?p=2937#comments Wed, 19 Dec 2012 20:37:07 +0000 http://www.michelleapplebaum.com/blog/?p=2937 New Report Preview:

The American Institute of Architects’ (AIA) ABI Index – a leading indicator of non-residential construction activity – broke the critical 50 mark for the fourth consecutive month …more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2937 0 Advance/Decliner Index Jumps to Nine-Month High http://www.michelleapplebaum.com/blog/?p=2924 http://www.michelleapplebaum.com/blog/?p=2924#comments Mon, 17 Dec 2012 23:43:41 +0000 http://www.michelleapplebaum.com/blog/?p=2924 New Report Preview:

Our Advance/Decliner Index jumped to the highest level since March due to further producer price hikes in the US and Chinese markets. Our China Index jumped to a …more

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]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2924 0 Iron Ore Price Continues to Climb http://www.michelleapplebaum.com/blog/?p=2917 http://www.michelleapplebaum.com/blog/?p=2917#comments Mon, 17 Dec 2012 20:28:39 +0000 http://www.michelleapplebaum.com/blog/?p=2917 The spot reference price for 62% Fe iron ore cfr North China increased 6.9% to $129.30 for the week ending December 14, 2012 and was up again today, reaching a new five month high of $132.20. The price is now some 52.5% higher than the recent low of $86.70 on 9/5/2012.

The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.

The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.

Source: The Steel Index

]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2917 0