Mar 19, 2019 · From Tom DiChristopher:. U.S. steel capacity is set to increase by 20 percent around 2022, pushing down prices for steel commodities, Bank of America Merrill Lynch warns.
Cleveland-Cliffs' big asset buy could combat Sep 29, 2020 · Bank of America's Timna Tanners has been warning investors of a coming "Steelmageddon" - a glut of new electric arc furnace-based sheet mills and a flood of potential steel supply - but she says
Hot-rolled steel had a low for the year of $440/ton in mid-August. Certain segments of U.S. manufacturing have made a surprisingly strong recovery since then. Auto production is back to its pre-pandemic pace. Construction activity has been robust, though residential is much stronger than the more steel-intensive commercial construction. Most
INSIGHT-U.S. manufacturers grapple with steel shortages Feb 23, 2021 · Steel producers are facing their own higher costs following a rise in scrap and iron ore prices. U.S. steel prices are 68% higher than the global market price
November's best:Nickel supply, steel prices and the Dec 02, 2019 · Amid Plunging U.S. Steel Prices, Has Steelmageddon Arrived? What happened to the nickel supply shortfall? ICSG:Global copper market in deficit by 330K tons
Mar 23, 2021 · Notably, major U.S. steel companies recently provided upbeat profit outlook for the first quarter of 2021 based on strong demand and higher prices. A strong rebound in demand has
Steel Price Rally Seen Under Threat on Global Supply Jan 27, 2021 · Steel rebar and hot-rolled coil futures have jumped by more than 35% in the past year in China, driven by robust local demand and as iron ore prices rallied to multiyear highs.
Steel Stocks Meltdown - InvestopediaAug 30, 2019 · U.S. steel stocks are having a rough go amid the ongoing U.S.China trade war.Escalating trade tensions have begun to weigh on global growth, depressing global steel demand.
U.S. steel capacity is set to increase by 20 percent around 2022, pushing down prices for steel commodities, Bank of America Merrill Lynch warns.
The Trump tariff twist thats cost U.S. Steel $5.5 billion Jul 08, 2019 · Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.5 billion, and idled two furnaces in mid-June that couldnt be run profitably at the
U.S. Manufacturers Grapple With Steel Shortages, Soaring Feb 23, 2021 · U.S. steel prices are 68% higher than the global market price and almost double China's, even with prices in both China and Europe up over 80% from their pandemic-induced lows.
Apr 11, 2019 · U.S. Steel (NYSE:X) -3.3% pre-market after Bank of America Merrill Lynch double downgrades shares to Underperform from Buy with an $18 price target, cut from $31. U.S. Steel is
US Steel, Coronavirus, and Undoing Trumps TariffsNov 20, 2020 · In March 2018, President Trump approved the Section 232 tariffs. There was a wave of optimism in the steel industry. U.S. Steel restarted two of its blast furnaces at Granite City in 2018.
steel mills mpetitiveAmid Plunging U.S. Steel Prices, Has 'Steelmageddon Nov 11, 2019 The measure did meet its objective of lifting capacity utilization from 73% to 80%, as domestic steel
Bank of America forecasts that steel prices will rise from current levels later this year as demand slowly recovers, Tanners said. She predicts the benchmark hot-rolled price will reach $515/ton in the third quarter and $525/ton in the fourth quarter, before trending downward again over the next several years as the market is oversupplied.