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While our Advance/Decliner Index posted a nominal uptick, our Ex-China Index declined to a four-year low due to a combination of Chinese overcapacity being exported and…
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Posts Tagged: ‘steel construction’
Advance/Decliner Index Lowest Since Last May
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Our Advance/Decliner Index remained at a one-year low last week as our China Index remained at a low level due to a combination of…
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May Scrap Prices Slide Again
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According to just-published data from American Metal Market (AMM), May prime and shredded scrap prices each declined $22 (-5.5-5.6%) to $380/ton and $368/ton as…
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Advance/Decliner Index Turns Back Down as Chinese Uptick Short-Lived
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After posting a modest uptick last week, our Advance/Decliner Index declined again as the pricing strength we saw in China the week before ended up being short-lived…
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Preliminary March Imports Rise Modest 1.4%
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Preliminary March imports rose 1.4% to 2.48 million tons (mt) from 2.44 mt in February as…
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March Global Steel Production Bucks Normal Seasonal Trend, Falling 1.7%
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March global steel production bucked the normal season uptick of 1.2%, declining some 1.7% from February’s all-time record of 4.43 million tonnes per day (mtpd) to…more.
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Advance/Decliner Index Rises on Chinese Pricing Improvement, but Remains at Low Level
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Our Advance/Decliner Index posted its first uptick in seven weeks as our China Index advanced on bullish newsflow, but our Ex-China hit a six-month low as…more
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Gerdau (GGB) Surprises with Leading Rebar Price Increase; Stronger Spring Construction Demand Driving Potential Pick-up
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In a surprise move, Gerdau North America is leading with a $10/ton price increase for rebar effective April 15, despite the $22/ton drop in April scrap prices, according to AMM…more
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April Scrap Prices Reverse Course Falling 5%
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According to just-published data from American Metal Market (AMM), April prime and obsolete scrap prices fell 5.0% and 5.3%. The main drivers of declines were…more
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Random Thoughts from Recent Steel Investor Calls
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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more
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