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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: ‘domestic steel’
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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April Imports Surge 8.2%; Japan Highest Since Asian Financial Crisis
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Preliminary April imports jumped 8.2% to a five-month high of 2.68 million tons (mt) from 2.48 mt in March, driven primarily by…
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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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April ABI Drops Below 50 for the First Time in Nearly a Year
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The American Institute of Architects’ (AIA) ABI Index – a leading indicator of non-residential construction activity – dropped below 50 to 48.6 in April, indicating…
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April Global Steel Production Rises as China Surges While Rest of World Drops
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April global steel production rose by 1.5% from March to 4.4 million tonnes per day (mtpd) and gained 1.2% from the year-ago level driven by…
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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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April Steel Distributor Shipments Show Surprising Pick-up; Inventories Drop on Flat-Rolled Decline
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April MSCI shipments rose 1% sequentially versus the normal seasonal drop of 1.8%, with shipments for all products posting sequential gains. However, we suspect this is due to…
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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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