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…
Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.
The recent retreat in aluminum prices has been a “head scratcher” as the Iran war continues to disrupt output from an important production region.
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.
Cleveland-Cliffs plans to upgrade its ironmaking process at Middletown Works, according to a permit filing with the Ohio EPA.