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SMM Evening Comments (Aug 17)

SMM Evening Comments

06:12PM Aug 17, 2018

Price Review & Forecast

MMi Daily Iron Ore Report (Aug 17)

The decline of seaborne iron ore arrivals continued to lower stocks across major Chinese ports this week

05:53PM Aug 17, 2018

Price Review & Forecast

Tangshan steel mills could face winter cut from Sept

They are likely to face cuts of at least 50% from Sept 1, as the city mulls earlier winter cuts to improve its air quality ranking

04:57PM Aug 17, 2018

Industry News

Data: SHFE, DCE market movement (Aug 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Friday Aug 17, 2018

03:15PM Aug 17, 2018

Data Analysis

Continuous restrictions on blast furnaces to benefit billet prices

Steel billet prices in Tangshan are set to continue to be supported by supply pressure from environmental restrictions on blast furnaces

01:59PM Aug 17, 2018

SMM Insight

Iron ore port stocks extend decline with limited arrivals

Weaker purchasing interest across mills also reduced daily average deliveries departing major Chinese ports

11:35AM Aug 17, 2018

Data Analysis

Low season continues to grow hot-rolled steel coil inventories

Overall stocks, including social and in-plant volumes, rose 0.8% over the week to 3.23 million mt as of Aug 16

11:16AM Aug 17, 2018

SMM Insight

China achieves over 80% of crude steel cut target in Jan-Jul

It achieved over 80% of its annual capacity cut target on crude steel, by eliminating crude steel overcapacity of 24.7 million mt in Jan-Jul

10:49AM Aug 17, 2018

Data Analysis

Macro Roundup (Aug 17)

A roundup of global macroeconomic news last night and what is expected today

08:46AM Aug 17, 2018

Data Analysis

SMM Evening Comments (Aug 16)

SMM Evening Comments

06:13PM Aug 16, 2018

Price Review & Forecast