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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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Posts Tagged: ‘chinese steel’
Random Thoughts from Recent Steel Investor Calls
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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more
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Advance/Decliner Index Drops but Global Pricing Trends Remain Firm; Nucor Hikes Sheet Prices
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Our Advance/Decliner Index declined from the two-year high recorded the week before, but remained at a high level. Our China Index fell…more
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Chinese Net Steel Exports Surge 27% in 2012
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December Chinese net steel exports dropped 6.2% to a four-month low of 3.78 million tonnes (mt) compared with November’s 4.07 mt. We suspect…more
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January Scrap Prices Come in Flat; Weaker-than-Anticipated
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January prices in Chicago for #1 busheling (prime) settled flat for the second straight month at $390/ton, while shredded was unchanged at $386/ton, we believe…more
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Steel Market Production Report – SIDOR Limps Back Into Rebar Market
Steel Market Production Increases – Venezuelan state-owned steelmaker SIDOR re-started one of the two blast furnaces at its slab mill after being idled for 25 days because of a limestone shortage and is using the output to produce rebar.
Steel Market Production Cuts – Chinese steelmaker Shandong has been ordered by the Chinese government to cut crude capacity by 14.9 mtpy and finished capacity by 22 mtpy over the next three years.
Steel Market Production Increases – Chinese steelmaker Shougang has fired the furnace at a new 1.1 mtpy wire rod mill and plans to begin production in mid-January.
Steel Market Production Cuts – Egyptian steelmaker Ezz halted production at the 1.3 mtpy Suez HRC facility on Tuesday due to a strike and will resume production once the dispute is resolved.
Sources: Steel Business Briefing, American Metal Market
Chinese Steel Production Flash – December Steel Production Falling
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After falling 0.8% in early December, Chinese steel production estimated by the China Iron & Steel Association (CISA) for the second 10 days of December declined another …more
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November Steel Imports Post Surprising Increase; Semis and Rebar Surge
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November preliminary steel imports rose a surprising 4.7% to 2.66 million tons (mt) from October’s 2.54 mt as semi-finished tonnage jumped nearly 40% to the highest level…more
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Steel Market Production Report – ArcelorMittal Plans Year-Long BF Outage
Steel Market Production Cuts – ArcelorMittal has idled a 1.3 mtpy blast furnace at the Temirtau tubes facility in Kazakhstan, for a complete revamp that will continue into 2014.
Steel Market Production Cuts – Chinese steelmaker Shagang will idle a 1.8 mtpy plate mill for a 15 day scheduled maintenance period, starting on December 26.
Steel Market Production Increases – Brazilian steelmaker Votorantim will begin production at its new 400,000 tpy rebar facility in mid-January.
Sources: Steel Business Briefing
Advance/Decliner Index Jumps to Nine-Month High
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Our Advance/Decliner Index jumped to the highest level since March due to further producer price hikes in the US and Chinese markets. Our China Index jumped to a …more
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