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According to published data from American Metal Market (AMM), June prime and shredded scrap prices diverged due to…
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Posts Tagged: ‘iron ore prices’
Advance/Decliner Index Falls Slightly as Chinese Pricing Continues to Deteriorate
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Our Advance/Decliner Index fell last week as pricing weakness spread to Latin America, driving our Ex-China Index down. Our China Index remained at a dismal level due to…
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Advance/Decliner Index Ticks Slightly Higher on Domestic Sheet Price Hike
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Our Advance/Decliner Index rose slightly after hitting a one-year low last week due solely to…
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US Steel Leads with a $50 Sheet Hike
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According to American Metal Market, US Steel is attempting to lead with a $50/ton sheet price hike effectively immediately. This move follows Severstal’s failed attempt…
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Advance/Decliner Drops to One-Year Low on Chinese-Driven Weakness
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Our Advance/Decliner Index fell back to its one-year low after posting a nominal uptick the previous week. A sharp 5% drop in iron ore prices combined with news of…
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Advance/Decliner Index Remains Dismal; Ex-China Index Hits Four-Year Low
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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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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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April Chinese Steel Exports Hit New Post-Recession High
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With estimated late April Chinese production hitting yet another new all-time high following production records that were set during 1Q, Chinese overcapacity has driven…
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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 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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