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Insteel Industries (IIIN) reported JunQ earnings of $0.18/share, which adjusted to $0.19/share, substantially below the Street’s $0.27/share and slightly lower than…
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Posts Tagged: ‘steel pricing’
Global Steel Production Stable in June; Chinese Output Nominally Down
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June global steel production came in unchanged from May at 4.39 million tonnes per day (mtpd), bucking the normal 1.4% seasonal increase, as a 0.3% decline in China was…
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June Flat-Rolled Inventory Lowest in Two Years; Shipments Pick Up Strength on Price Hikes
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June carbon steel inventories declined another 1.2% to the lowest since February 2011, while average daily shipments gained 0.8%, bucking the normal seasonal drop of …
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Advance/Decliner Index Rises to Six-Month High
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Our Advance/Decliner Index rose to a six-month high as rising iron ore prices (two-month high) continue to drive improving sentiment despite bearish news on China’s growth.…
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First Half Chinese Steel Production Surges Nearly 10% – Exports Up 18%
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June Chinese steel exports rose 1.2% to 4.16 million tonnes (mt) from 4.11 mt in May as a nominal 0.3% decline in production swamped a…
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Advance/Decliner Index Rises Above 50; Highest Since February
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Our Advance/Decliner Index rose for the fifth consecutive week, rising to the highest level since February as global raw material prices trended higher in the week…
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June ISM Steel Survey – Optimism in the Air
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The June Institute for Supply Management Steel Buyer Survey once again showed an improved outlook for the overall economy and respondents’ own businesses after hitting a…
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July Scrap Prices Snap Back from Recent Lows
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According to just-published data from American Metal Market, July prime scrap rose $30/ton (+7.9%) to $410 and shredded gained $16/ton (+4.4%) to $376/ton. The relative…
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June Steel Imports Drop to Four-Month Low; Impact from OCTG Trade Case Could Be Felt Soon
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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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Nucor Holds Long Prices Flat Ahead of Scrap Settlement; Another Nail in the Surcharge Coffin
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In a leading move, Nucor announced July bar pricing – the company is keeping rebar and merchant bar prices unchanged for July shipments, despite shredded scrap prices…
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