i love this board and you are the weirdest GEEK of all time....just love your posts knowing you are heavilry invested in this.
Strong Buy miight be over the top. The war against this in Muinnesota has come to a fever pitch. It's a #$%$ shoot at best
Lakes ore trade up 4 percent in May
6/17 - Cleveland, Ohio – Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in May, an increase of 53 percent compared to ice-impacted April, and 4 percent better than a year ago and the month’s 5-year average.
Loadings at U.S. ports on Lake Superior and Lake Michigan totaled nearly 6 million tons, an increase of 2.6 percent compared to a year ago. Shipments from Canadian ports in the Seaway totaled 700,000 tons, an increase of 17.8 percent.
Through May, the Lakes/Seaway ore trade stands at 14.9 million tons, an increase of 16.9 percent compared to a year ago. Loadings from U.S. ports total 12.9 million tons, an increase of 18.3 percent, but still trail their 5-year average by 12 percent. Shipments from Canadian ports total 2 million tons, an increase of 8 percent compared to a year ago, and 15.8 percent ahead of their 5-year average.
Lake Carriers’ Association
6/19 - Chicago, Ill. – Raw steel production in the Great Lakes region surged to 621,000 tons last week, up from 593,000 tons a week earlier.
Steel output has been much lower than normal all this year amid a torrent of imports that now account for a historic 32 percent of the total market share. Overall U.S. production trails 2014 by 7.3 percent.
Great Lakes steel production rose by 28,000 tons, or 4.7 percent, in the week that ended last Saturday, according to an American Iron and Steel Institute estimate. Overall U.S. steel output rose by 1.4 percent over the same period.
Most of the raw steel production in the Great Lakes region takes place in the Chicago area, mainly Lake and Porter counties in Northwest Indiana. Indiana has led the nation in steel production for more than 30 years
Production in the Southern District, which encompasses mini-mills across the American South, dipped to 599,000 tons last week, down from 602,000 tons the week before.
Total domestic raw steel production last week was about 1.747 million tons, up from 1.722 million tons a week earlier.
Nationally, domestic steel mills had a capacity utilization rate of 73.9 percent last week, up from 72.8 percent a week earlier. The capacity utilization rate had been 78.5 percent at the same time a year earlier.
Year-to-date output has been 40.1 million net tons, at a capacity utilization rate of 72.4 percent, according to the American Iron and Steel Institute.
NW Indiana Times
I sure hope you people who say you are invested in this are just kidding?
Steel sector set to rise on bullish catalysts, Credit Suisse says
May 29 2015, 08:57 ET | By: Carl Surran, SA News Editor
Steel companies are poised for a strong H2 2015, Credit Suisse analyst Nathan Littlewood says, eyeing success on legislative changes, a trade case filing, and an end market restock cycle in coming months.
The firm continues to like U.S. Steel (NYSE:X) for both its long term self-help story as well as shorter term leverage to the trade case story, although the entire steel sector is expected to benefit if H2 plays out as expected.
Service center business such as Reliance Steel (NYSE:RS), Worthington Industries (NYSE:WOR) and Olympic Steel (NASDAQ:ZEUS) are favorably leveraged to a drop in import volumes as a result of likely market share gains, Littlewood says.
Raw material suppliers such as Arch Coal (NYSE:ACI), Alpha Natural Resources (NYSE:ANR) and Cliffs Natural Resources (NYSE:CLF) also may benefit if U.S. domestic blast furnace production increases as a result of less import competition.
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Instead of posting these RED THUMBS maybe they should hit the Green Thumb and try to dump their short position while they can get out with their shirts on?
May 21, 2015 - 12:50 GMT Location: Singapore
KEYWORDS:62% Fe iron ore , Dalian Commodity Exchange , Rio Tinto , China Iron & Steel Assn
Seaborne iron ore prices appeared to have stabilised on Thursday May 21 after seven days of drops, with support coming from a firmer futures market.
The Metal Bulletin 62% Iron Ore Index now stands at $57.91 per tonne, a rise of $0.79 from Wednesday’s level.
The Metal Bulletin 58% Iron Ore Premium Index now stands at $52.47 per tonne, a fall of $0.58.
The most-traded September iron ore contract on the Dalian Commodity Exchange closed at 423.50 yuan ($69) per tonne at the end of the day, up 8.50 yuan from Wednesday.
The pick-up led sellers to raise their offers in the afternoon.
Spot offers for June-arrival 62% Fe Pilbara Blend fines were heard at $62 per tonne cfr China in the afternoon, compared with $58-59 per tonne cfr in the morning.
"We are looking for June-arrival cargoes, but only if they are available at $55-56 per tonne cfr," a source at a major mill told Metal Bulletin sister title Steel First on Thursday morning.
"Traders offered July-arrival cargoes of PB fines at $57 per tonne cfr in the morning, but now they are not even willing to sell below $58 per tonne cfr," a market source in Shandong province said in the afternoon.
However, mills are not willing to accept the higher offers, particularly since finished steel sales are not good, several sources said.
As at May 10, member mills of the China Iron & Steel Assn (Cisa) had a total of 15.8725 million tonnes of finished st
yep, all the republicans on the take from corporate america and they don't care who it hurts.
China Iron Ore
cfr main China port $/tonne
62% Fe Iron Ore fines index 58.53-58.53
Yep Obama has jumped onboard with the Repoublicans to try to push that job stealing, cloked TPP together agreement . Obviously looking for a retirement package from the Koch brotheres.