October 12th, 2021 2:50 PM
| GreenLeafWest
| Vitards
China’s domestic price of hot-rolled coil (HRC) increased for the second week over September 30-October 8 to reach a two-month high.
The price increased by Yuan 86/tonne ($13.4/t) from September 30 to Yuan 5,917/t including the 13% VAT as of October 8, mainly underpinned …
October 6th, 2021 6:42 PM
| pennyether
| VitardsHere are some excerpts from GSs update on their coverage of yank steel. Their words, not mine.
My personal interpretation of this is that they are lazy and overly conservative. They seem to be expecting "mean reversion" and working backwards to get there. More capacity …
October 3rd, 2021 2:03 PM
| GreenLeafWest
| VitardsU.S. domestic steel: U.S. HRC was recorded at $98.08/cwt on Sep 30th, up 0.62% w/w.
HRC prices closed September recording 14 consecutive monthly gains since Aug 2020
.
While scheduled mill maintenance shutdowns in Q4 are expected to keep supply tight, weaknesses in the …
September 30th, 2021 12:35 PM
| Wall_street_retard
| wallstreetbetsAll credit goes to u/vitocorlene, not posting on his behalf, just felt it was good information
Chinese rebar and hot rolled coil futures continued to rise on Tuesday, as more provinces are reducing steel production through power shortages, while pre-holiday …
September 29th, 2021 5:35 PM
| vitocorlene
| VitardsChinese rebar and hot rolled coil futures continued to rise on Tuesday, as more provinces are reducing steel production through power shortages, while pre-holiday restocking supported demand, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar …
September 18th, 2021 3:03 PM
| GreenLeafWest
| VitardsCleveland-Cliffs notes -
Macro - 9/18/2021
Steel companies reaffirming strong demand trends into 2022 and improving ability to return more capital to shareholders, per mid-quarter updates from X, NUE and STLD.
China does indeed appear to be reducing steel production …
September 5th, 2021 7:59 AM
| vazdooh
| VitardsLast weeks post.
Hey Vitards,
Time for another dive into the wonderful world of Tea Leafology™. Buckle up!
Week Recap, Macro Context & Random Thoughts
S&P & Nasdaq have continued keep making ATHs, in a continuation of the movement started after Jackson …
September 2nd, 2021 8:48 AM
| Kant_sleep13
| DaytradingThe original Gap Watch List Poster. Trade with the best or lose with the rest! Check the post history. This is a gap list, 2nd-day plays and charts that are not gapping with volume WILL NOT MAKE THIS LIST.
​
Good morning, heres my gap watchlist*
Gap Ups: …
August 31st, 2021 10:16 PM
| _kurtosis_
| Vitards
Published date: 31 August 2021
US hot-rolled coil (HRC) pricing continued to rise this week as mills continued to push prices higher amid a limited spot market.
The Argus weekly domestic US HRC Midwest assessment increased by $30/st to $1,960/st ex-works. Lead times were …
August 31st, 2021 2:03 AM
| No-Wallaby-9822
| VitardsHot-rolled coil prices in the United States could see volatile movement in the coming months thanks to potentially uneven demand, especially from the automotive sector, in addition to a series of planned mill outages.
Fastmarkets’ daily steel hot-rolled coil index, …
August 27th, 2021 5:24 PM
| cheapballpointpen
| Vitardstl;dr: CLFs projections are good and it will take them till Q4 2022 to pay off debt unless their ASP goes up due to rising HRC futures or better contracts.
CLFs debt and earnings today
CLF had $5.37B of debt remaining at the end of Q2.
LG used Q2 FCF towards buying out MT instead …
August 27th, 2021 5:22 PM
| alphameridian0
| VitardsRevised Price Target for CLF: $37
Included Factors
WACC changes due to CLF deleveraging
Recent cash flows to MT share buyback
HRC price changes over the next few years
Auto demand pickup after the chip shortage eases
Operating margin fluctuations as a function of HRC prices
Current, …
August 23rd, 2021 12:13 PM
| No-Wallaby-9822
| VitardsHot-rolled coil prices in the United States have reached another all-time high, with most market participants bracing for a series of planned mill outages.
Fastmarkets’ daily steel hot-rolled coil index, fob mill US averaged $96.14 per hundredweight ($1,922.80 per …
August 13th, 2021 1:16 AM
| No-Wallaby-9822
| VitardsIntegrated steelmaker US Steel is taking a 1.36mn short ton/yr blast furnace off line for 38 days at its Gary Works mill in Indiana this fall.
The outage at the No. 6 blast furnace will start on 30 September.
It is the latest multi-week outage that would crimp supply in the US steel …
August 13th, 2021 1:03 AM
| No-Wallaby-9822
| VitardsIntegrated steelmaker US Steel is taking a 1.36mn short ton/yr blast furnace off line for 38 days at its Gary Works mill in Indiana this fall.
The outage at the No. 6 blast furnace will start on 30 September.
It is the latest multi-week outage that would crimp supply in the US steel …
August 13th, 2021 1:02 AM
| No-Wallaby-9822
| VitardsIntegrated steelmaker US Steel is taking a 1.36mn short ton/yr blast furnace off line for 38 days at its Gary Works mill in Indiana this fall.
The outage at the No. 6 blast furnace will start on 30 September.
It is the latest multi-week outage that would crimp supply in the US steel …
August 10th, 2021 6:41 PM
| vitocorlene
| Vitards
Indian hot rolled coil (HRC) exporters have been successful in improving realizations during the past week, riding on the back of expanding demand from relatively newer regions in Latin America and Africa, and supported by an increase in bookings from the Gulf, …
August 9th, 2021 8:43 PM
| zerryw
| VitardsSo there’s rumor that China will impose additional taxes and it will be on HRC and other products. The expected timeline is a bit later than our initial anticipation though.
Nonetheless, it will be a game changer to the global steel supply and demand.
My favorite quote from …
August 3rd, 2021 1:26 PM
| pennyether
| VitardsThese charts show the average price of steel projected out to various time frames, plotted against the share price of our beloved tickers.
As an example, the "18m average steel price" value is: "on each day, what is the futures market saying steel …
