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Chinese moves to clean up their heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. According to a draft guideline released on Thursday, the Ministry of Ecology and Environment intends to monitor 64 regions during its...
Reports in the media that natural gas prices in the U.K. have more than quadrupled over the last year to highs of 180p per therm from around 40p per therm this time last year are making headlines. However, natural gas - and energy prices, broadly - have been rising strongly. This has ...
Beginning with what is perhaps the best indicator of growth potential in the real economy, as opposed to just the financial economy, the G3 credit impulse is now firmly in negative territory after peaking in the latter stages of 2020. Turning to manufacturing, building permits for new...
Nucor (NYSE:NUE) says it plans to build a new 3M-ton sheet mill to serve customers in the Midwest and Northeast markets, and is looking at locations in Ohio, Pennsylvania and West Virginia. NUE -5.1% pre-market, with metals and materials stocks posting broad pre-market losses on new steel pro...
Rio Tinto (NYSE:RIO) -6.6%, BHP (NYSE:BHP) -5.4% and Vale (NYSE:VALE) -4.9% pre-market as iron ore futures in Singapore tumble well below $100/ton following further steel industry curbs in China. Australia's top three iron ore miners - Rio, BHP and Fortescue (OTCQX:FSUMF) - have lost a c...
China has announced bold targets to curb its carbon emissions, but the country will need to embrace significant policy challenges to end its heavy reliance on fossil fuels. An immediate challenge China faces in going green is being able to generate sufficient energy capacity to power ...
Jindal Steel & Power Ltd. has announced plans to invest U.S. $2.4 billion to increase capacity over the next six years as recovery from the COVID-19 pandemic boosts steel demand. The steelmaker will increase its total capacity to 15.9 million tons (MT) by March 2025 from 8.6 MT, i...
Steel prices likely are in the "last innings" of their bull market but steel producers should see better than expected H2 2021 results, Seaport Global says in initiating coverage of Nucor (NUE +3.4%), Steel Dynamics (STLD +3.6%) and Reliance Steel (RS +0.8%) with Buy ratings and Worthington I...
After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...
Historically, China would show signs of strength driven by robust construction activity while Europe and the U.S. struggled, facing more mature markets and relatively higher levels of foreign penetration. But over the last couple of weeks, it is becoming clear that cutbacks are happen...
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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...