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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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Posts Tagged: ‘domestic steel’
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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AK Steel (AKS) – Will Middletown Outage Rescue Flat-Rolled Market?
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AK Steel announced that its primary 2.5-3.0 million ton per year blast furnace at its Middletown (OH) Works facility experienced a mechanical failure that is likely to…
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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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May ABI Mixed Messages – Overall ABI Back Above 50; Commercial/Industrial Index Hits 3-Year Low
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The American Institute of Architects’ ABI Index – a leading indicator of non-res construction activity – rebounded to 52.9 in May, after falling to 48.6 in April – the first time…
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May Flat-Rolled Inventories Tumble; Months’ Supply Lowest Since March 2011
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While May inventories dropped a bullish -3.6% to the lowest level in two years, weak shipments – up only 0.8% against a normal seasonal uptick of 3.1% – left months’ supply…
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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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