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The iron ore price has been about as volatile of late as most of us can remember. The market is trying to work out what this new policy will mean for steel production and, hence, iron ore demand. Iron ore promptly bounced back, climbing more than 6% in Singapore. For further...
The fossil fuel industry is not going to disappear overnight. Nor are major industrial activities that have a heavy carbon footprint, like steel production. Polluters are caught in a pincer movement that will almost certainly result in higher costs in the medium term. Some in the ...
Economists are already debating whether, or to what degree, stimulus spending is fueling inflation, with consumer prices rising by a whopping 4.2% in April. Prices of lumber, steel and semiconductors are also at record highs, given historically low inventories and surging demand. Port congest...
After a flattish performance in 2020, world steel demand is expected to rise by 5.8% in 2021. Construction activity in China has been instrumental in driving steel demand but this could slow in the summer months starting from June. Conversely, steel supply could be impacted by the...
The intention of the Section 232 tariffs on steel and aluminum was to stop the long-term decline of the US steel industry by protecting domestic producers from low-cost imports. However, the strategy shifted a substantial cost to steel consumers, who employ far more workers than the s...
China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling. Bloomberg reported the government had also threatened severe punishment for violators indulging in excessive speculation and fake news in t...
Commodity prices plunge in Chinese markets to open the week after the government ratcheted up its campaign to hold down surging prices.Steel and iron ore futures are down sharply in early trading, with steel rebar and hot-rolled coil -7% on the Shnaghai exchange and the most-traded Dalian iro...
Top-of-cycle conditions could prove enduring for metals needed in the global energy transition. Electric vehicles will require four times as much copper as a regular petrol or diesel cars. The largest investment-grade miners have never been more disciplined in their capital alloca...
The European Union says it agreed to a partial truce with the U.S. in a dispute over U.S. metals tariffs imposed by former president Trump, suspending a proposed hike in its retaliatory tariffs that would have added a number of products and doubled duties to 50% on others.The U.S. will mainta...
Iron ore prices’ relentless rise this year went into overdrive Monday, hitting a +10% limit up. Iron ore prices have been rising on the back of strong demand. Some finished steel prices have jumped by 10% this week alone. For further details see: Iron Ore Prices H...
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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...