by Stuart Burns on May 23, 2012
Style: Market Analysis
Category: Commodities, Ferrous Metals, Global Trade, Macroeconomics, Supply & Demand
Keywords: China, coking coal prices, iron ore prices, Steel, steel prices, steel production, thermal coal prices
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 [...]
With a 2.2 percent increase over the past day, the 3-month price of LME steel billet was the biggest mover on our steel price index, closing at $470 per metric ton on May 17, 2012. Also on the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.
I can’t speak for all Chicagoans, but I have always enjoyed Cloud Gate, or “The Bean,” a stainless steel structure that has graced our city landscape for six years now and provided some clever photo opportunities. To me, it is engaging and playful — a mirrored cultural marvel that distorts, pools, and paints our city [...]
The week’s biggest mover on the Raw Steels MMI® was the cash price of steel billet, which saw a 7.2 percent decline on the LME to $454 per metric ton. This comes on the heels of a 4.9 percent increase the week before. This week, the steel billet 3-month price finished at $460 per metric [...]
Most operations folks throughout the world have studied up on the famous teachings of Edward Deming (known as the Quality Guru), who has become synonymous with “The Toyota Way.” Despite a massive earthquake and subsequent tsunami that tempered Japanese GDP, both Toyota and Honda have maintained their No. 1 and No. 2 rankings just in [...]
by MetalMiner IndX Reports on May 16, 2012
Style: Industry News
Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX
Keywords: Aluminum, aluminum prices, bar fuel surcharges, iron ore prices, scrap metal prices, Steel, steel prices
The week’s biggest mover on the Construction MMI® was the weekly US Gulf Coast bar fuel surcharge, which saw a 2.4 percent decline to $0.54 per short ton. Last week marked the fourth in a row of declining prices for the metal. Closing out the third week of declining prices, the weekly US Midwest bar [...]
Not surprisingly, Indian steelmakers are looking towards mineral-rich Mongolia to get in on the action of the huge mineral wealth in that country. According to an Economic Times report, the state-owned Steel Authority of India Ltd. (SAIL) is considering replicating its successful public-private approach in both Mongolia and Afghanistan. SAIL has signed a Memorandum of Understanding [...]
On May 14, 2012, the day’s biggest mover on our daily steel price index was the LME steel billet cash price, which saw a 2.5 percent increase to $464 per metric ton. This increase comes after the price fell for the two previous days. Also after dropping for two days on the LME, the 3-month [...]
