Previous 10 | Next 10 |
Seaborne iron ore prices hit a 10-year high this month at $178 per ton before profit taking. But following the release of details in China's new Five-Year Plan calling for wide-ranging and ambitious targets to reduce environmental pollution, iron ore prices experienced a sharp sell-of...
Low-carbon technologies use much larger amounts of metal than traditional fossil fuel-based systems. The Paris Climate Agreement, which was ratified by 174 countries and the European Union in 2016, aims to keep global warming "well below" 2 degrees Celsius this century and ideally not...
Japan’s steel sector is facing tumultuous times. The COVID-19 pandemic contributed to the weakening of domestic needs. The only proverbial silver lining is Japan’s signing of a trade deal with the UK in October 2020. For further details see: Japan's Steel S...
With some $14 trillion invested in US equities alone, even a modest increase in passive investments into ETFs would reap significant rewards in fees. This new commodities super cycle proposition is based largely on a repeat of the last. Volatility in the current loose global monet...
The U.S. Court of International Trade today upheld former Pres. Trump's Section 232 national security tariffs on steel (SLX) imports, denying a steel importer's challenge to the duties.A three judge panel at the court, which hears challenges to trade actions under U.S. laws, found that the Co...
Nucor (NUE) +2% and Steel Dynamics (STLD) +2.8% pre-market after Credit Suisse upgrades the pair - as well as Canada's Stelco (STZHF) - to Overweight from Neutral, expecting the stocks will benefit from capital efficient capacity growth and strong free cash flow.The firm raises its outlo...
ArcelorMittal ([[MT]] +6.6%) has raised European hot-rolled coil prices, as it seeks to bring fresh impetus to the currently stagnating sheet steel market, S&P Global Platts reports.Coil offers will increase by €20 per metric ton to €750/mt for HRC, a product that saw a...
A massive 30% export tax kicks in this quarter on the lower Fe grade material between 58 to 62%. That is expected to decimate exports this quarter, the Business Standard reports. According to the New Indian Express, production declined during 2020. Comparing the two years January to S...
China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Exports grew 18.1% in dollar terms in December. Imports rose 6.5%, pushing the trade surplus to a record $78 billion. All but the bulls, therefore, expect base m...
Steel is the world's second-largest commodity after crude oil. For over 200 years, the London Metal Exchange (LME) has provided the trade - producers, traders and consumers - the opportunity to hedge their risk across a growing range of base metals. Foreign firms cannot hedge on t...
News, Short Squeeze, Breakout and More Instantly...
VanEck Vectors Steel Company Name:
SLX Stock Symbol:
NYSE Market:
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...