Ferrous Metals

Construction MMI®: Week Ends Lower For Chinese H-Beam Steel

by MetalMiner IndX Reports on May 23, 2012

Style:    Category: Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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Chinese H-beam steel finished as the week’s biggest mover on the Construction MMI® with a 3.2 percent price decline. The Chinese low price of 62% Australian iron ore fines fell 1.9 percent over the past week. This was the third week in a row of declining prices. US shredded scrap and Chinese rebar prices also fell.

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Daily Stainless Roundup: Loss Streak For Chinese 316 Scrap

by MetalMiner IndX Reports on May 23, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The day’s biggest mover on stainless steel and its raw materials inputs markets broke away from a static phase with a six percent drop on May 22, 2012. After three changeless days, the price of Chinese 316 stainless steel scrap closed between $2,700 and $2,750 per metric ton. On Tuesday, the price of Chinese primary [...]

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Renewables MMI®: Silicon, US GOES Prices Decline

by MetalMiner IndX Reports on May 23, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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Silicon’s 6.2 percent decline made it this week’s biggest mover on the Renewables MMI®. Meanwhile, the latest monthly update of the US GOES (Grain-Oriented Electrical Steel) price shows that it dropped 5.8 percent. (The actual US GOES price is available in the MetalMiner IndX℠.)

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Daily Steel Market Roundup: LME Billet, Chinese Slab Prices Fall

by MetalMiner IndX Reports on May 23, 2012

Style:    Category: Ferrous Metals, Metal Prices, MetalMiner IndX

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The day’s biggest mover on our steel price index was the LME steel billet 3-month price, which dropped by 4.6 percent on May 22, 2012 to close at $411 per metric ton on the LME. The cash price of steel billet was off by 4.4 percent on the LME on Tuesday, falling from $410 to [...]

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Tata, Essar Steel Taking Measures to Improve Forecasts

by Sohrab Darabshaw on May 23, 2012

Style:    Category: Company News, Ferrous Metals, Supply & Demand

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Although JSW Steel reported historically high production numbers, they’re not without their troubles, while Tata Steel reported a huge profit decrease recently. So what exactly are the drivers for Indian steelmakers’ current woes? Tata Steel Chief Financial Officer Koushik Chatterjee told reporters that the high raw material cost and volume impact had negatively impacted domestic [...]

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Falling Iron Ore, Coal Prices: The Start of a Steel Market Collapse?

by Stuart Burns on May 23, 2012

Style:    Category: Commodities, Ferrous Metals, Global Trade, Macroeconomics, Supply & Demand

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All the signs suggest the steel market, particularly the steel market outside of North America, has further to fall. In Asia, the FT reports the benchmark 62% Fe iron ore contract fell this week in Singapore to $133.25 a ton, the lowest since early November 2011, while thermal coal prices in the Australian port of [...]

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Some Cheer, Some Bad News From India’s Steel Sector

by Sohrab Darabshaw on May 23, 2012

Style:    Category: Company News, Ferrous Metals, Public Policy

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Sohrab Darabshaw contributes an Indian perspective on industrial metals markets to MetalMiner. Players in the Indian steel sector continue to paint an optimistic picture in the medium-term, despite some recent negative developments in the steel industry. They are also looking at new avenues for selling steel, domestically and internationally. On the other hand, investors and industry experts continue [...]

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Steel Price Roundup: Chinese Slab Down

by MetalMiner IndX Reports on May 22, 2012

Style:    Category: Ferrous Metals, Metal Prices, MetalMiner IndX

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The price of Chinese slab closed May 21, 2012 with a 2.1 percent drift, halting its three-day flat run. After a couple of days of decreasing prices, the price of Chinese HRC held steady, between $650 and $675 per metric ton.

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