Advance/Decliner Index Jumps on Improved Chinese Pricing

March 7, 2012 Posted by Steel Market Intelligence

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Our Advance/Decliner Index rose for the third straight week, increasing from 70% last week to a seven-week high of 80% (any reading over 50 means more price increases were recorded than decreases).

Our China Index increased from 53% last week to 90%, the highest since mid-August, while our Ex-China Index rose from 74% to a five-week high of 79%.

Our full report provides further thoughts about global steel pricing trends and our outlook as well as implications for steel equities.

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