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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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Posts Tagged: ‘Steel Sentiment’
July ISM Steel Survey – Where Did the Optimism Go?
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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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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
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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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July Scrap Prices Snap Back from Recent Lows
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According to just-published data from American Metal Market, July prime scrap rose $30/ton (+7.9%) to $410 and shredded gained $16/ton (+4.4%) to $376/ton. The relative…
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Advance/Decliner Index Continues Up; China Index at Four-Month High
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Our Advance/Decliner Index rose for the third straight week to the highest level in three months. The increase was driven by our China Index which rose to a four-month high…
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AK Steel (AKS) – Will Middletown Outage Rescue Flat-Rolled Market?
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AK Steel announced that its primary 2.5-3.0 million ton per year blast furnace at its Middletown (OH) Works facility experienced a mechanical failure that is likely to…
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