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STEEL MILLS BOOSTING PRICES: COLD-ROLLED COIL HITS A ONE-YEAR HIGH

  NEGOTIATOR’S TAKE:  With cheap imports gone, North American steel makers keep raising prices.   04.18.16 – Trading barely above multiyear lows Steel is being a different animal this year. While metals such as aluminum, copper and nickel are trading

TOCOM HITS 8-MONTH HIGH

  NEGOTIATOR’S TAKE: Higher Rubber costs mean upward price pressure on tires, industrial hoses, etc.   04.12.16 – Tokyo Benchmark Tokyo rubber futures extended gains to hit an 8-month high on Tuesday as firmer prices of oil and other commodities

LOWER HRC STEEL PRICES AVAILABLE AS WEAKNESS PERSISTS (U.S.)

  NEGOTIATOR’S TAKE: Steel prices are still under pricing pressure.   February 2016 – Pittsburgh US hot-rolled coil prices remained under pressure earlier this month as buyers noted sub-$400/st spot availability from certain mills for larger volume buys. Platts maintained

U.S. FLAT-ROLLED STEEL PRICES UNCHANGED

NEGOTIATOR’S TAKE:  Falling steel prices mean opportunities continue to negotiate prices reductions for steel components.   U.S. hot-rolled and cold-rolled steel coil prices were still under pressure on Monday with many anticipating further declines but current levels were unchanged.  Platts

Dollar weakens to 2-year low before jobless data

The dollar slid to a two-year low against the euro as concern that U.S. growth was hampered by a government shutdown earlier this month fueled bets the Federal Reserve will delay reducing stimulus. The dollar slid 0.2 percent to $1.3803

US Dollar Index at 3-year high

The US dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed US consumer sentiment hit a 6-year high in early May. The

U.S. Dollar Index in Longest Rise Since June as Jobs Data Show Growth

The Dollar Index, Intercontinental Exchange Inc.’s benchmark that tracks the greenback against the currencies of six major U.S. trading partners, reached its highest level since Aug. 3. It added 0.5 percent to 82.715. The weekly gains streak was the longest

China wants Yuan to be more flexible

China is seeking to bolster the use of yuan in international trade and finance to reduce the U.S. dollar’s global dominance and curb its own reliance on the currency of the world’s biggest economy. China will press ahead with reforms

China Widens Trading Band for Yuan

The Chinese government has agreed to loosen controls somewhat on the yuan and let it fluctuate more widely. As a result, Chinese goods may become more expensive, especially if growth in the yuan’s value accelerates, Purchasers need to keep a

Copper’s Streak Continues

The most actively traded contract, for July delivery, gained 7.50 cents, or 1.8%, to settle at $4.1860 a pound on the Comex division of the New York Mercantile Exchange. This was the highest settlement price in over three weeks and