New Report Preview:
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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Posts Tagged: ‘steel inventories’
July ISM Steel Survey – Where Did the Optimism Go?
New Report Preview:
The July Institute for Supply Management (ISM) Steel Buyer Survey showed a flattening of the outlook for the overall economy and respondents’ own businesses and indicated…
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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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IIIN – Construction Market to See Modest Improvement, Recovery “Unimpressive” – Thoughts from the JunQ Conference Call
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Insteel Industries (IIIN) reported JunQ earnings of $0.18/share, which adjusted to $0.19/share, substantially below the Street’s $0.27/share and slightly lower than…
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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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Advance/Decliner Index Rises Above 50; Highest Since February
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Our Advance/Decliner Index rose for the fifth consecutive week, rising to the highest level since February as global raw material prices trended higher in the week…
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June ISM Steel Survey – Optimism in the Air
New Report Preview:
The June Institute for Supply Management Steel Buyer Survey once again showed an improved outlook for the overall economy and respondents’ own businesses after hitting a…
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