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Our Advance/Decliner Index posted a nominal improvement as a 2.3% increase in iron ore prices, bullish comments about the Chinese real estate market and a 2.1% drop in final…
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Posts Tagged: ‘steel imports’
Advance/Decliner Index Remains High with Weaker China
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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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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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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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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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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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