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: ‘steel production cuts’
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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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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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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First Half Chinese Steel Production Surges Nearly 10% – Exports Up 18%
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June Chinese steel exports rose 1.2% to 4.16 million tonnes (mt) from 4.11 mt in May as a nominal 0.3% decline in production swamped a…
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June ISM Steel Survey – Optimism in the Air
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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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June Steel Imports Drop to Four-Month Low; Impact from OCTG Trade Case Could Be Felt Soon
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June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…
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Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines
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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…
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ArcelorMittal Leads Round 3 of Sheet Price Hikes
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As we expected, ArcelorMittal is leading a third round of sheet price increases with a $20/ton price hike, lifting its HRC list price to $650/ton, just two weeks after…
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