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Original Post By Sohrab Darabshaw India's steel production contracted since the arrival of COVID-19. However, exports surprisingly notched a new high in the April-July 2020 period. Steels exports more than doubled in these months to hit their highest level in six years, reported ne...
Original post By Stuart Burns Pandemic-related lockdowns constrained the global scrap market earlier this year. Consequently, operations were restricted or closed down. But even as containments have eased, the market has been slow to come back - resulting in rising prices for ste...
Nucor ( NUE +0.3% ) and U.S. Steel ( X -2.6% ) have raised the base price on new orders of hot-rolled, cold-rolled and galvanized steel by a minimum of $40/st, Argus reports. More news on: Nucor Corporation, United States Steel Corporation, VanEck Vectors Steel ETF, Commodities n...
Steel Dynamics (NASDAQ: STLD ) CEO Mark Millett says the steel market is at an inflection point and that the industry will see upward momentum in the next month. More news on: Steel Dynamics, Inc., VanEck Vectors Steel ETF, United States Steel Corporation, Commodities news, News on ETF...
ArcelorMittal (NYSE: MT ) and SSAB tell their U.S. customers they will increase steel plate pricing by $40/st , effective immediately, for new orders. More news on: ArcelorMittal, Nucor Corporation, VanEck Vectors Steel ETF, Commodities news, News on ETFs, Read more ...
Original post By Stuart Burns Chinese demand and a stronger-than-expected Chinese recovery from the first-quarter lockdowns are driving prices. Recovering demand Demand collapsed in Q1 during the lockdown but has recovered rapidly in Q2, originally for flat-rolled products as man...
Original Post By Stuart Burns Following President Donald Trump's reimposition of 10% import tariffs on Canadian aluminum, the U.S.'s northern neighbor is now sweating the possible reimposition of steel tariffs. The U.S. imposed the Section 232 tariffs in 2018. Eventually, the U.S. li...
Original post By Stuart Burns Aluminum does appear to be having a surprisingly strong post-pandemic recovery - in China, at least. Not that I am counting COVID-19 as beat. The pandemic is something we are going to have to live with, possibly for years to come. Some metals, like s...
Original Post By Stuart Burns All the base metals have been lifted by an expected end to lockdowns and a pickup in activity, particularly in China this quarter. The weakening U.S. dollar has added a further fillip in recent weeks. Despite recent gains, nickel price still down for...
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...
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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...