Industrial Insight

Copper prices fall

September 25, 2017
Leave a Comment

Advertisements

Posted in Uncategorized

Oil prices rise

September 25, 2017
Leave a Comment


Posted in Uncategorized

Steel production and prices lower

September 25, 2017
Leave a Comment


Posted in Uncategorized

Steel

September 19, 2017
Leave a Comment

Domestic steel prices, including HRC prices, mostly held steady in August. The spread between the two has fallen by 5% since the beginning of August. Rising Chinese prices typically lead to reduced imports overall, as U.S. prices become more competitive.

Chinese steel prices have been boosted by better-than-expected demand, together with supply concerns.

China Data Creates Uncertainty

China remains the dominant player in steel market.

Thus, Chinese economics serve as one of the most powerful indicators of the steel industry.

Chinese economic data, however, has created some uncertainty around the steel market. Even if the market expects a correction, economic indicators still reveal positive data.

Yet, some analysts believe China remains in a bubble set to explode at any time.

Raw Materials Show Some Weakeness

Steel prices also take their cues from raw material prices.

Steel prices commonly move together with iron ore, coking coal and steel scrap prices. Raw material price dynamics slowed in August. Both iron ore and coal prices have increased slightly, but showed some weaknesses during the middle of the month.


Posted in Uncategorized

Stainless

September 19, 2017
Leave a Comment

Despite the uptick in the Stainless MMI, however, many analysts believe stainless steel will fall in the upcoming months.

Even if the increase in prices for global stainless steel flat products increased by 6% during the first months of 2017, Oliver Spaltman, senior market analyst for Steel & Metals Market Research (SMMR), estimates that the full-year demand growth in 2017 will be 4%.


Posted in Uncategorized

Copper

September 19, 2017
Leave a Comment

Copper tends to correlate with the U.S. dollar. As a dollar-denominated commodity, a weaker dollar can stimulate copper buyers. The U.S. dollar has not found a floor yet, and has continued falling, reaching a two-year low now.

Commodities, on the other hand, have increased again during the first week of September. A recovery in oil prices has led the increase.

Though it’s much too early to change the commodity outlook to bullish, we did expect the correlation between commodities and industrial metals to come back to a more normal state (where they both tend to move in the same direction).

If commodities start an uptrend, then copper prices may continue their bullish rally, too.

What About China?

As China is the main commodity consumer of the world, analysts pore over Chinese economic data. Chinese economic data released during this summer resulted in better-than-expected — that is, increasing manufacturing PMI — manufacturing data. This fact, together with the government’s environmental policies, has supported base metal prices.


Posted in Uncategorized

Chemical activity slowed

September 19, 2017
Leave a Comment


Posted in Uncategorized

Copper prices fell as well

September 19, 2017
Leave a Comment


Posted in Uncategorized

Oil prices also bounced down

September 19, 2017
Leave a Comment


Posted in Uncategorized

Steel production bounced up and prices bounced down

September 19, 2017
Leave a Comment


Posted in Uncategorized
« Previous PageNext Page »

About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

Search

Navigation

Categories:

Links:

Archives:

Feeds