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Article By: Dr. Duru
Wednesday, April 19, 2017 4:53 AM EDT
Strong Chinese output of steel is not getting a bullish interpretation. Instead, analysts are fearing future monetary tightening from China and the potential for a big air pocket in production once steel finally cools off.
Article By: Lorimer Wilson
Wednesday, April 19, 2017 1:00 AM EDT
The price of 62% Fe content ore - the steelmaking raw material - plunged 5% on Tuesday to a six-month low of $61.50 per dry metric tonne and is now down by more than 33% over the last month The consensus view is that it has a lot further to fall.
Article By: Martin Armstrong
Thursday, April 13, 2017 11:18 PM EDT
US Financials started their reporting today and it was a mixed picture. Both Citi and JPM beat estimates whilst Wells missed. That didn’t seem to matter however, as all three shares prices were lower today.