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Our Advance/Decliner Index declined slightly this week as news of a 2.3% rebound in Chinese steel production in mid-July and a 1.9% drop in iron ore prices put downward…
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Posts Tagged: ‘scrap’
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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Advance/Decliner Index Remains High as China Index Highest Since February; AK Steel Flags Another Sheet Hike
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Our Advance/Decliner Index fell slightly from the six-month high recorded the week prior. The slight drop was due to our Ex-China Index falling from a six-month high as our China…
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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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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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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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