Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Kelusa Asia Focus Funds

Equity Bottom-Up

Angang Steel Co Ltd (H) / Equity Bottom-Up

I have attached a few charts that are quite interesting and show steel price rise is hitting a roadblock and faces potential headwinds.Before that my conclusions are just briefly written here :<ol>
<li>The cause for the steel price rally was stimulus, not Chinese steel production being taken out.</li>
<li>Stimulus has helped steel prices in the past but since 2014 it was not helping till Jan 2016 where we saw an unprecedented level of stimulus.</li>
<li>Structurally margins for steel in China are trending downwards.</li>
<li>Spot…</li>
</ol>

I have attached a few charts that are quite interesting and show steel price rise is hitting a roadblock and faces potential headwinds.Before that my conclusions are just briefly written here :
The cause for the steel price rally was stimulus, not Chinese steel production being taken out.
Stimulus has helped steel prices in the past but since 2014 it was not helping till Jan 2016 where we saw an unprecedented level of stimulus.
Structurally margins for steel in China are trending downwards.
Spot…


Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Thematic (Sector/Industry)

<ul><li>It's time to break out the analysis on gold and silver miners</li><li>Some goldminers are trading well below P/B, with potential price moves of +4x just to get back to median P/B levels</li><li>Fed week: watch for dovishness; US GDP watch for a miss. Both of these plus coming up to month end could add to near-term equity bullish sentiment</li><li>Central bank meetings include Japan, New Zealand, South Africa, Russia and Nigeria</li></ul>

It's time to break out the analysis on gold and silver minersSome goldminers are trading well below P/B, with potential price moves of +4x just to get back to median P/B levelsFed week: watch for dovishness; US GDP watch for a miss. Both of these plus coming up to month end could add to near-term equity bullish sentimentCentral bank meetings include Japan, New Zealand, South Africa, Russia and Nigeria

The Macro Take: Get the Picks Out for Gold and Silver Miners

United States

United States Steel Corporation operates as an integrated steel producer. The Company manufactures flat-rolled and tubular products with production operations in North America and Europe. United States Steel serves the automotive, appliance, container, industrial machinery, construction, and oil and gas industries.

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United States Steel (X US)

Steel Does the Rally End Here ?

I have attached a few charts that are quite interesting and show steel price rise is hitting a roadblock and faces potential headwinds.Before that...

Sameer Taneja

The Macro Take: Get the Picks Out for Gold and Silver Miners

It's time to break out the analysis on gold and silver miners Some goldminers are trading well below P/B, with potential price moves of +4x just...

Kay Van-Petersen

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)