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The U.S. and EU have used the recent G20 summit in Rome to announce an end to hostilities over the steel and aluminum Section 232 tariffs. The negotiations have come up with a “kill two birds with one stone” solution to a dispute that was doing neither side any good. ...
The U.S. and the European Union have announced a deal at the G20 summit in Rome to ease U.S. tariffs on steel and aluminum totaling more than $10B of E.U. exports each year, removing one of the most significant trade disputes from the Trump administration's levies imposed in 2018. U.S. Commer...
Our sector ratings are based on the normalized aggregation of our stock ratings for every stock in each sector. The primary driver behind an Attractive fund rating is good portfolio management (stock picking) combined with low total annual costs. At the beginning of the fourth qua...
Consumers increased their spending on durable goods. Supply chain is still ramping up. Producers and suppliers were understandably unprepared. For further details see: Supply Arriving As Demand Recedes
Steel prices in India have nearly doubled over the last year, reflective of rising steel prices across the globe. But for India, several factors such as a steep rise in the prices of raw material like iron ore — and of late, coking coal — have contributed to the steep hi...
Surging steel prices will begin to "erode" by early next year as COVID-related supply bottlenecks ease and new domestic production comes online, Steel Dynamics (NASDAQ:STLD) CEO Mark Millett tells Reuters. "We're starting to see inventories rebuild a little and we're starting to see...
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply. Futures on the Dalian exchange for delivery in January 2022 are now trading at RMB 777 per ton. That com...
U.S. Steel (NYSE:X) -4% pre-market after Goldman Sachs downgrades shares to Sell from Neutral with a $21 price target, cut from $24, seeing "higher capital intensity driving negative free cash flow momentum." As Goldman expects some of the major producers could struggle as higher steel prices...
Anyone following the financial papers cannot have failed to read lurid reports regarding China’s Evergrande construction company, which appears on the brink of collapse. A significant portion of China’s steel industry exists simply to serve the construction sector. A...
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...
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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...