Chinese Steel Maker Sell-Off an Overreaction
Maanshan Iron & Steel H (323 HK) and Angang Steel Co Ltd (H) (347 HK) were down 4.8% and 2.4%, respectively, last Friday (March 2), following...
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Another Steel Mill Closed in China? – YES and NO
The last steel mill in Baoding was shut down on August 2017. Bad news is they were able to sell their production capacity we will...
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Beijing Steel Trader Visit in Jan 2018
Wire rode inventory up and rebar inventory lower than last visit last August 2017. Only one truck we found at the traders showing little...
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China Steel Spreads Stay High Amidst Wild Ride for Iron and Coal
Chinese iron ore and coking coal futures have been on a wild ride recently. Both fell by over 20% from late August to early October but have since...
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Iron Ore Breakout Levels
Breakout points in Iron ore is in focus and a key input in how China trades in Q118. Our base case for China remains bullish but we have seen some...
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