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June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…
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Posts Tagged: ‘china’
Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines
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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…
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Advance/Decliner Index Continues Up; China Index at Four-Month High
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Our Advance/Decliner Index rose for the third straight week to the highest level in three months. The increase was driven by our China Index which rose to a four-month high…
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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011
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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…
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Global Steel Production Sideways in May; Capacity Utilization Falls Below 80%
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May global steel production fell by a normal seasonal 0.2% from April to 4.397 million tonnes per day, but rose 2.6% from the year-ago level. The y-o-y growth was due to…
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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level
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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…
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AK Steel Leads with Second Sheet Hike
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AK Steel announced a leading $40/ton sheet hike this afternoon, the second increase in three weeks. We suspect AK’s move is…
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Second Sheet Price Increase Increasingly Likely
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We suspect we’ll see a second price increase announced, with about half of the original $50/ton May 22 sheet price hike sticking at the three-week mark. This is the first time…
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Advance/Decliner Index Remains Weak
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Our Advance/Decliner Index rose to a seven-week high as domestic sheet prices continued to climb and Chinese prices strengthened on the back of…
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YTD May Chinese Steel Exports Up Whopping 22%; Bao Cuts Prices
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May Chinese net steel exports declined 3.3% to 4.11 million tonnes (mt) from April’s post-recession high of 4.25 mt as gross steel exports…
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