Analysis

November 7, 2013
Final Thoughts
Written by John Packard
Content to go here…
Analysis

November 7, 2013
Written by John Packard
Content to go here…
The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues even as stateside and import prices diverged a bit vs. the prior week.
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
Long products from Algeria are facing the wrath of the US legal system.
AMU: Ford and GM's results show earnings supported by tariff timing and mix, while volumes, inventory, and cash flow point to a constrained supply and uneven demand.
CRU: 62% Fe iron ore prices remained rangebound in April following the surge in the first half of March.