Category: Steel Sector
The analysis published under this category are as follows.
Thursday, March 01, 2018
United States Steel Corporation $X Daily Elliott Wave View / Companies / Steel Sector
By: ElliottWave-Forecast
United States Steel Corporation (NYSE: X) is the second largest steel domestic producer behind Nucor Corporation (NYSE: NUE) and also the world’s 24th largest steel producer.
Last year, Steel price surged higher reaching new all time high of 4772 in December gaining +60% before a correction took place. The price is expected keep rising in the coming years as the demand for steel in critical industries keeps increasing.
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Wednesday, February 28, 2018
America’s New Steel and Aluminum Protectionism / Commodities / Steel Sector
By: Dan_Steinbock
Now that the White House seeks to turn China’s steel and aluminum overcapacity into a national security matter, America’s new protectionism risks international trade discord.
Following a trade investigation of imports, U.S. Department of Commerce recently recommended imposing heavy tariffs or quotas on foreign producers of steel and aluminum in the interest of national security. Armed with steel and aluminum reports, Commerce Secretary Wilbur Ross stated that steel is vital to U.S. national security and current import flows are adversely impacting the steel industry.
Wednesday, April 26, 2017
G20: SURPASSING THE 2nd GLOBAL STEEL CRISIS / Commodities / Steel Sector
By: Dan_Steinbock
In the 2016 G20 Summit, advanced economies accused China for steel overcapacity. Before the Hamburg Summit, similar charges have surfaced. Yet, the postwar era has witnessed two steel overcapacity crises. The current debate cannot afford to ignore the past lessons.
As the global steel sector is coping with an overcapacity crisis, multinational industry giants are struggling with consolidation and adjustment. Read full article... Read full article...
Thursday, September 22, 2016
Overcoming The Second Steel Crisis / Commodities / Steel Sector
By: Dan_Steinbock
Today, advanced economies blame China for steel overcapacity. In reality, four decades ago Washington and Brussels opted for bad policies, which China seeks to transcend. In the G20 summit in Hangzhou, some world leaders had harsh words for China’s steel overcapacity. Before the summit, President Barack Obama was urged by US lawmakers, unions and trade associations to blame China’s trade practices for US mill closures and unemployment and to stress the need for “aggressive enforcement of US trade remedy laws.”
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Thursday, June 19, 2014
Commodities Are Building Bases and About To Rally – Steel Market / Commodities / Steel Sector
By: Chris_Vermeulen
Commodities in general have been under pressure for the last couple years. This can be seen by looking at the GCC Greenhaven Continuous Commodity ETF which holds a basket of resources. The weekly chart has formed a bullish bottom pattern, and as of last January it looks as though it’s now building a basing pattern. Overall commodities are in the very early stages of a stage 1 basing pattern and it looks as though it will be a few more months before any significant breakout will occur. But there could be some early entry points if you know what to look for…
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Wednesday, September 25, 2013
Signs Of Life In the "Left For Dead" Steel Stocks Sector / Companies / Steel Sector
By: DailyWealth
One of the market's few "left for dead" sectors is showing signs of life.
At the end of August, we told you to consider steel stocks. Despite the innovations in smartphones and computers, the world is still built on a foundation of steel, concrete, and other vital materials. Factories, cars, appliances, and bridges all require steel.
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Friday, September 07, 2012
The Chinese Steel Production Paradox / Commodities / Steel Sector
By: Anthony_David
With demand for steel on the wane, producers across the world have reported losses or sharp drops in profitability. The slowdown in the steel market has been attributed to the slowdown in the Chinese economy, the ongoing euro zone crisis and a sluggish U.S. economy. Though China, the largest consumer of steel has taken measures to boost its economy, it is not expected to result in an increased demand for steel in the short term.
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Thursday, January 05, 2012
Silver Industrial Demand - The Commodity to Watch / Commodities / Steel Sector
By: Dr_Jeff_Lewis
Forecasting the future of the economy is a difficult task; one who can do it with regularity will most certainly see massive investment profits. Most of this complexity comes from the lack of clarity in commodities prices.
Commodities earn their price from demand. Most commodities are tied to a specific industry – palladium is a barometer for autos, while steel is a barometer for real estate. Some commodities are then related entirely to geography – copper is the commodity for a growing Asian economy, while oil is the commodity for all emerging markets.
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Tuesday, January 03, 2012
As Goes Steel… / Commodities / Steel Sector
By: Anthony_David
Falling iron ore prices had reached their lowest point over 22 months in late October. Since then, prices have been rising and they reached $147.60 per tonne—a rise of 26%—over the last few weeks. However, market observers are not celebrating yet; in fact they have cautioned investors that steel demand is still subdued so the rising iron prices could be a reflection of purchases made by metal traders and not steel making companies.
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Friday, October 28, 2011
The New Steel Silk Road / Commodities / Steel Sector
By: Richard_Mills
The Silk Routes, collectively known as the "Silk Road", refer to a 7000 mile network of interlinking trade routes that were used for three millennia. They connected China, India, Tibet, the Persian Empire, the Mediterranean countries and parts of North and East Africa.
Friday, September 02, 2011
Indian Steel Unaffected by Global Crisis / Commodities / Steel Sector
By: Anthony_David
The global steel industry is under great pressure because of the euro zone crisis, the debt crisis of the United States and the fluctuating prices in the global market. However, the Indian steel industry is managing to hold its own and has not been significantly affected by the global situation.
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Monday, August 01, 2011
Steel’s Slow Rise / Commodities / Steel Sector
By: Anthony_David
The World Steel Association reported a global steel production increase of almost 8% in June, y-o-y. China reported a y-o-y production increase of 11.9% in June, and a m-o-m production increase of 1.7%. The nation’s slow economic period did not seem to affect its steel industry significantly. Analysts believe the government’s incentives to steel makers for increasing production have borne the right results. The US, Africa, India, Japan and the Middle East also reported production increases but both Australia and Europe reported sharp falls in their y-o-y production in June. However, in a complete reversal, the China Iron and Steel Association (CISA) reported a 3.1% m-o-m production fall in early July.
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Sunday, July 03, 2011
Global Steel Demand Continues to Rise / Commodities / Steel Sector
By: Anthony_David
Massive infrastructure growth in the developing nations and a more modest growth in developed nations promise to push global steel demand by 6.5–7% this year. Lakshmi Mittal, the chief executive of ArcelorMittal recently said that the demand for steel is expected to continue rising in 2011. In 2010, global steel demand rose by 10% from 2009 levels and touched a record high of 1.4 billion tons.
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Friday, September 03, 2010
Global Steel Industry On The Rebound / Commodities / Steel Sector
By: Anthony_David
The fortunes of the global steel industry are on the rebound and prices are once again firming up. Analysts expect Indian steel prices to rise by about 5% from early September as the post-monsoon demand from the automobile and steel sectors heat up. The rise in raw material and freight rates generally drive steel prices upwards but the recently imposed ban on iron ore exports by the state of Karnataka is adding supply constraints to the equation as well.
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Wednesday, May 05, 2010
Steel Companies Approaching Key Intermediate Support / Companies / Steel Sector
By: Mike_Paulenoff
Our mid-day minute chart today looks at some select names in the steel sector: United States Steel (X), AK Steel (AKS), Cliffs Natural Resources (CLF) and Nucor (NUE). While there are not-so-subtle fundamental differences between the various steel companies, from an intermediate-term technical perspective every one of them appears to have ended a multi-month recovery rally and is approaching a test of important support, the success or failure of which could have serious implications for the prices of these names, but for the prolongation of the global economic expansion.
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Thursday, April 30, 2009
Market Vectors Steel Index ETF Looking Higher / Stock-Markets / Steel Sector
By: Mike_Paulenoff
The Market Vectors Steel Index ETF (NYSE: SLX) may benefit as many of the steel names look interesting on the upside, and as the Chinese equity markets are starting to heat up as well, which may be an indication that the gargantuan global (Chinese) stimulus packages are kicking in.
Sunday, March 30, 2008
Bethlehem Steel– A Look Back in Time / Politics / Steel Sector
By: Andy_Sutton
“…And we're living here in Allentown , and they're closing all the factories down…”
Billy Joel's famous song ‘ Allentown ', released back in the 1980's satirized the end of the road for industry in this part of the world. As someone who grew up accustomed to watching the large cranes, smokestacks and activity in Bethlehem , Pennsylvania , it was a way of life.
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