Global Steel Prices Continue to Dip $
This isn’t a perfect science, but one can take a look at the global composite carbon steel price index and see what’s happening to the broadest measure of industrial metals demand.
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Category archives for:
Metals
Update on Industrial Metals $
The S&P GSCI commodities indexes show us the relative strength or weakness of the industrial metals trade around the world. Looking at the performance of industrial metals since the beginning of the year, we can quickly see that the entire complex is struggling under the global economic uncertainty around the world. Every metric in this [...]
The Modern Robot and Energy – a Link $
We could have put this story really in any of our categories. The robot world is finally catching up to something we were told in an interview years ago. A current reader of ours that will go nameless had been an executive for a company that had been on the bleeding edge of top secret [...]
A Bit more Proof of what Analysts Think of Copper
Copper prices were up today by about 1.2% despite all of the shenanigans happening on Wall Street today. Want to know the reason for it? The improved housing data. Why would improvements in housing have an impact on copper prices? Again, as we keep harping on, copper is one of the best metals to look [...]
A little More Proof of Steel Stockpiling in China $
We picked up a report this morning from China that discussed the surge in steel prices (finished steel) and it included several interesting pieces to it. Primarily, we saw that the national daily output of steel products for China was up about 2.89% in September. Prices are rising but final demand for steel products are [...]
Hmm, what to make of this? $
Chinese imports of Australian iron ore spiked in August, up 25.4% over July’s volumes. But, coking coal and scrap metal fell at the same time. Just as background, there are three components to making steel: iron ore, coking coal, and scrap metal. Regarding the different pieces of news: the scrap metal piece they can likely [...]
Sneaky Copper… $
Copper is typically held up as one of those critical barometers of the global economy. The metal is used in virtually everything – everything with an electronic component that is. It is also used in so much of the plumbing, wiring, and infrastructure in construction that we see spikes in copper prices when the economy [...]
How Weird is Going Back to the Gold Standard? $
The gold bugs are back after some 30 years in the wilderness and the Fed has only itself to blame. The last five years have featured the loosest monetary policy pursued by the central bank in decades. There are many reasons for the Fed’s decision to flood the economy with cash and from a wide variety of perspectives – [...]
Durable Goods – Devil is in the Details
The latest durable goods order report is actually pretty good – the best gain seen this year. This would be cause for some celebration were it not for the specifics that accompanied the data. This is one of those months where the transportation sector created the majority of the growth – and next month could [...]
Using Industrial Metals as a Global Economic Barometer $
There was an interesting interview with Dennis Gartman, the editor and publisher of the Gartman Letter and a frequent contributor on financial media sites. Gartman is a fiscal conservative professor and financial market analyst focused on the commodities sector – and he had an interesting take on industrial metals recently. Gartman said that you can [...]
