SLX News and Press, VanEck Vectors Steel From 08/25/22

Summary Like India, infrastructure growth plays a major role in China’s consumption of steel. Although trade relations between China and Australia are low, Australia’s biggest export item, iron ore faces supply chain threats because of the Chinese slowdown. Unlik...

X comprises 3 divisions – U.S., Tubular, and Europe. Since 2013, the U.S. division has been the main contributor. The Tubular division had not generated any returns. The Europe division is facing market and supply risks due to the Ukraine invasion. Assuming zero contribution fr...

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Vale S.A. saw record revenues in 2021, but the iron ore market has reversed, and the company's performance last year isn't likely to be sustainable. Waiting for China to ramp up construction and infrastructure spending isn't an investment strategy, and China has already spent signific...

The "fear" of a "possible" recession "in the future" has caused the price of steel to plunge and take CLF stock with it. The company reported pretty strong earnings report, and naturally the market had a ludicrous reaction to the one nickel miss versus consensus. Sure, a recession...

For the last two decades, China’s infrastructure spending has been the engine of demand growth for steel, copper, and aluminum prices. Setting aside the record infrastructure bond sales already completed, the projected above-quota infrastructure bond sales, the development bank...

Prices for U.S. hot-rolled coil fell to the lowest since December 2020 , tumbling through $900/st this week, Argus reported on Tuesday, as declining raw materials costs add to downward pressure on finished steel prices. Argus said its weekly domestic HRC Midwest assessment fell ...

2022 has been a roller coaster ride for iron ore prices, which dipped yet again on Monday. Inventories in China are on the rise mainly due to reduced uptake. All things considered, iron ore has been up in 2022, averaging around $121 per ton. By Sohrab Darabshaw ...

Chinese steel output has been under pressure for much of the year. Looking at the origins of Chinese iron ore imports, Australia remains the largest source of supply by a mile. While we expect iron ore prices to be supported in 2H22 due to expectations of a recovery in China, the ...

China is the world’s largest consumer of iron ore, and despite being the third largest producer, it still imports around 80% of the iron ore it uses each year. China’s zero COVID policy and slowing economic growth could affect its demand for iron ore. Iron ore prices...