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Original Post By Stuart Burns A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market. As a result, the article suggest...
U.S. Steel ( X +5.1% ) and Cleveland-Cliffs' ( CLF +4.2% ) AK Steel subsidiary raise prices for all carbon flat-rolled steel products by 40/ton, effective immediately with new orders in North America. More news on: United States Steel Corporation, Cleveland-Cliffs Inc., VanEck Ve...
U.S. Steel (NYSE: X ) will restart the No. 6 blast furnace at its Gary Works steel mill in Indiana after the July 4 weekend, nearly two months after it was idled, Argus reports. More news on: United States Steel Corporation, VanEck Vectors Steel ETF, Commodities news, News on ETFs, R...
The U.S. Supreme Court declines to hear a challenge to Pres. Trump's tariffs on imported steel (NYSEARCA: SLX ) brought by an industry group that had argued that a key part of the law violates the Constitution, upholding a February Appeals Court ruling in favor of the administration. Mo...
Original post By Stuart Burns As we predicted last week , the LME to SHFE arbitrage window has closed. Investors were unlikely to leave that open for long and the resulting inflow of half a million tons of aluminum in May no doubt contributed to a narrowing of the delta. What wa...
By Brian Watson, CFA, Senior Portfolio Manager First-quarter earnings season winds down and a major player goes green May performance reflected improving sentiment as COVID-19 containment efforts ease in many locations. Furthermore, midstream investor anxieties may have been calmed...
ArcelorMittal ( MT +8.4% ) and Nucor ( NUE +3.9% ) have increased steel plate prices by $40/short ton , Argus reports, in the second price increase over the last month. More news on: ArcelorMittal, Nucor Corporation, VanEck Vectors Steel ETF, Commodities news, Stocks on the move, News...
Original Post By Stuart Burns President Donald Trump had scant regard, nor interest, in the impact his decision in 2018 to impose 25% import duties on steel products would have on other markets around the world - his focus was, reasonably enough, purely on the U.S. But when a marke...
Original Post By Stuart Burns Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s. The market, though, is undergoing convulsions. The spot price is being driven up by physi...
Cleveland-Cliffs ( CLF +0.4% ) says its AK Steel subsidiary has raised current spot market base prices for all carbon flat-rolled steel products by a minimum of $40/ton with new orders in North America. More news on: Cleveland-Cliffs Inc., United States Steel Corporation, ArcelorM...
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2024-06-03 01:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-14 03:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-04 09:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...