Tag Archives: Metals

Steel price braces for four-week uptrend despite recent inaction amid inflation, China concerns

Steel price prints mild gains on the way to fourth weekly uptrend. China real-estate market’s conditions, restart of steel manufacturing units challenge bulls.  Fedspeak, US-China tussles and firmer yields are an extra burden on the metal prices. Increased prices of iron ore, recently easy inflation data add to the bullish catalysts. Steel price grinds higher… Read More »

Steel price struggles to cheer softer US inflation on China concerns

Steel prices remains pressured as softer US dollar couldn’t impress buyers amid concerns over China, costing at home. Increased prices of coke, easing production strain also weigh on the metal prices. Headlines surrounding China, US consumer sentiment will be important for fresh impulse. Steel price reverses the post US inflation gains as traders fail to… Read More »

Steel price dwindles as hopes of more output, less profits join cautious mood ahead of US CPI

Steel price retreats amid cautious markets, fears of less margin on the production front. Softer China inflation, economic slowdown concerns join pre-CPI anxiety to weigh on sentiment. The anticipated increase in output joins firmer coke prices to challenge profits of steel producers. Steel price tracks other commodities to the south as market players await the… Read More »

Steel price extends recovery on robust sales growth, China CPI in focus

Steel prices are eyeing more recovery in prices as demand rebounds. China’s decarbonization goals are likely to trim in the second half of CY2022. This week, China’s inflation data will be of utmost importance. Steel prices have rebounded sharply after bottoming out in July as demand forecasts have improved after robust iron ore purchases in… Read More »

Gold Price Forecast: XAUUSD tests 50-DMA near $1790 as buyers eye $1800

Gold price edges higher on Monday, up by 0.72%, as US  bond yields fall. Broad US dollar weakness keeps the non-yielding metal buoyant, underpinned by the US-China conflict in Taiwan. Fed’s Bowman: Backs a 75 bps in September and supports “similar-size” moves in subsequent meetings. Gold Price Forecast (XAUUSD): Neutral-to-bearish below $1800; otherwise, a test… Read More »

Steel price prints mild gains amid maintenance closures, China trade data

Steel price rebounds from one-week low amid cautious optimism in metal markets. Turkish entry into global scrap market, easing fears of US-China tension over Taiwan also underpin corrective pullback. Maintenance closures in European steel manufacturing units, strong China trade numbers for July favor steel buyers. Hawkish expectations from Fed, recession fears challenge metal prices. Steel… Read More »