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New plants are being commissioned and major steel companies are reporting growth in production, too. The World Steel Association (WSA) reported India’s production rose by almost 47% in May this year. According to a recent report by Indian credit ratings agency ICRA Ratings,...
Headline inflation numbers have been brutal, with the CPI rising at rates that would normally call for a fast, hard tightening. Price trends in the industrial and agricultural commodities space are generally flattening, with only iron ore continuing higher. As supply chains unkink...
Taitai6769/iStock via Getty Images Hot-rolled coil prices have more than tripled over the past year to reach an all-time high $1,801/short ton today in New York, after gaining 2.7% since President Biden said he reached the $579 infrastructure deal on Thursday. ETF: [[SLX]] Relevant tickers in...
Taitai6769/iStock via Getty Images Steel stocks have have surged this year but investors will need to be more selective about their picks from now on, J.P. Morgan says in recommending Cleveland Cliffs ([[CLF]] -1.3%) and Steel Dynamics ([[STLD]] -2.0%) while rating U.S. Steel ([[X]] -4.1%) at...
The global commodities complex continued to receive strong investor support over the past month as the world economy entered unfamiliar territory. All forms of transportation are experiencing delays (some intermittently), including ocean freight, air freight, trucking and rail. Ri...
robas/E+ via Getty Images Shares of industrial metal miners and steel producers are rising broadly as copper prices rise in spite of China's decision to release strategic metal reserves in an attempt to halt rising prices, while a bipartisan group of U.S. senators reached agreement on a $1.2T...
Global miners slide alongside prices for copper and iron ore following weaker than expected trade data from top consumer China that showed lackluster demand for raw materials.Imports to the world's biggest steel market slowed to 89.79M metric tons in May, well below the 98.57M tons China boug...
The biggest challenge to President Biden's plans to ramp up U.S. investment in infrastructure may not come from Republicans in Congress but rather from serious shortages of labor and materials, Bloomberg reports.Friday's May jobs report shows continuing hiring difficulties among some employer...
In the first four months of 2021, iron ore exports from India increased by 66% to 22.42 million tons. The spike in iron ore exports is becoming a problem for Indian steelmakers, as they are struggling to get this critical raw material. China imports about 70% of the world’s...
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...
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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...