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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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Posts Tagged: ‘steel pricing’
June OCTG Prices Post Surprising Uptick; Further Upward Momentum Limited
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According to Pipe Logix, June OCTG prices rose 0.3% (or $5/ton) to $1,670/ton, bringing an end to 14 consecutive monthly declines. The surprising increase was driven by…
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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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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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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011
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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…
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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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Global Steel Production Sideways in May; Capacity Utilization Falls Below 80%
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May global steel production fell by a normal seasonal 0.2% from April to 4.397 million tonnes per day, but rose 2.6% from the year-ago level. The y-o-y growth was due to…
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May Flat-Rolled Inventories Tumble; Months’ Supply Lowest Since March 2011
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While May inventories dropped a bullish -3.6% to the lowest level in two years, weak shipments – up only 0.8% against a normal seasonal uptick of 3.1% – left months’ supply…
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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level
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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…
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AK Steel Leads with Second Sheet Hike
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AK Steel announced a leading $40/ton sheet hike this afternoon, the second increase in three weeks. We suspect AK’s move is…
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