New Report Preview – Steel Market

Our Advance/Decliner Index rebounded to 78% this week due to strength from our Ex-China Index which climbed back to 79% after falling from 92% to 66% last week due to broad-based strength across most regions.  Most notable was a pickup in Steel Business Briefing’s weekly pricing assessments for European hot-rolled sheet, plate, beams and rebar – with increases most evident for hot-rolled.

As is normal for the Golden Week holidays, our China Index declined from 50% to zero this week with only a single price change reported in the week making the reading meaningless.  However, we have seen a few indications of improved steel pricing in the country in the last few days which is good news for global pricing overall.

For a free trial subscription contact info@steelmarketintelligence.com.