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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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Posts Tagged: ‘china’
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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March Chinese Steel Production Falls but Still at Second Highest Ever
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Final March Chinese steel production declined 3.2% from February’s record 2.21 million tonnes per day (mtpd), but at 2.14 mtpd was still the second highest on record…more
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World Steel Association Sees Stronger Steel Demand Growth in 2014
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The World Steel Association (WSA) released its 2014 steel consumption forecast calling for a 3.2% increase in global steel demand next year to 1.5 billion tonnes, saying… more
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March Chinese Steel Exports Surge – Ominous Sign for Global Steel
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As Chinese production hit a new all-time record in February and remained near record levels in March, the jump in exports is unsurprising…more
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Advance/Decliner Index Falls Further, Remains at Seven-Month Low
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Our Advance/Decliner Index fell for the sixth consecutive week, remaining at the lowest level since last September asour Ex-China Index hit a six-month low…more
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Advance/Decliner Index Falls to Seven-Month Low on Continued Chinese Pricing Weakness
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Our Advance/Decliner Index fell for the fifth consecutive week as our Our China Index dropped to the lowest since last September…more
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