New Report Preview:
July global steel production declined 2.2% to 4.269 million tonnes per day (tpd), less than the normal seasonal drop of 3.5%, mainly due to persistent overproduction from China…
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Posts Tagged: ‘sheet steel’
July Flat-Rolled Inventory Drops Further; Shipments Weaken After Strong June
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There was a reasonable amount of good news in the July MSCI report. First, in an unusual move, flat-rolled inventories dropped nearly 3% from June; it’s rare to see inventories…
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Advance/Decliner Index Moves Sideways on Higher China, Weaker Elsewhere
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Our Advance/Decliner Index posted a nominal improvement as a 2.3% increase in iron ore prices, bullish comments about the Chinese real estate market and a 2.1% drop in final…
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Advance/Decliner Index Remains High with Weaker China
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Our Advance/Decliner Index declined slightly this week as news of a 2.3% rebound in Chinese steel production in mid-July and a 1.9% drop in iron ore prices put downward…
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Chinese Steel Production Flash – Mid-July Output Rebounds on Rising Prices
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Chinese steel production estimated by the China Iron & Steel Association (CISA) rose 2.3% to 2.13 million tonnes per day (mtpd) in mid-July, after posting a surprising 4.5% drop…
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Advance/Decliner Index Highest Since January; Chinese Pricing Strength Continues – For Now
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Our Advance/Decliner Index rose to the highest level since early January. The increase was driven by our Ex-China Index rising as more price increases were announced in…
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Advance/Decliner Index Remains High as China Index Highest Since February; AK Steel Flags Another Sheet Hike
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Our Advance/Decliner Index fell slightly from the six-month high recorded the week prior. The slight drop was due to our Ex-China Index falling from a six-month high as our China…
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Global Steel Production Stable in June; Chinese Output Nominally Down
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June global steel production came in unchanged from May at 4.39 million tonnes per day (mtpd), bucking the normal 1.4% seasonal increase, as a 0.3% decline in China was…
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June Flat-Rolled Inventory Lowest in Two Years; Shipments Pick Up Strength on Price Hikes
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June carbon steel inventories declined another 1.2% to the lowest since February 2011, while average daily shipments gained 0.8%, bucking the normal seasonal drop of …
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Advance/Decliner Index Rises to Six-Month High
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Our Advance/Decliner Index rose to a six-month high as rising iron ore prices (two-month high) continue to drive improving sentiment despite bearish news on China’s growth.…
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