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Steely in April entrance suffers the United States material of semi finished ste
From;    Author:Stand originally

Gao Cheng expresses, material of semi finished steel drives the United States month of steely in April entrance is added 14.5% , should think all right, import data still is belonged to benign, steely price lasts tall look forward to is steely kind a main activator that goes tall.

Gao Cheng (Goldman Sachs) the near future releases American steely industry to analyse, state steely estate venture depends on a dollar going tall to ebb with the whole world, this will reduce steel price level of the United States, bring more entrance, stock of this first selection is Nucor.

Steely in April preliminary entrance is the United States 2.9 million tons, the month is added 14.5% , year add 3.4% . 8 years up to now, it is to the import volume 8 years April namely 1, 700 thousand tons, relatively drop before New Year 7.3% . Finished product rolled steel is imported (flat steel ingot of eliminate semi-manufactured goods) it is 2.2 million tons, and the month is added 3.8% , year fall 1.3% . Additionally month of entrance of material of semi finished steel will be added in April 64.1% , year add 19.8% , add up to 751 thousand tons. Important is, 78% what material of semi finished steel occupies total entrance to grow. Gao Cheng thinks, material of semi finished steel basically is American steel ironworks is purchased, and new make friends becomes finished product rolled steel, these finished product rolled steel are calculated finally to be domestic lading. Accordingly, american steel ironworks comes from the market share that imports finished product rolled steel through using tonnage of more and more material of semi finished steel to increase. With the country character, the biggest growth comes from at Turkey and Brazil, and the biggest drop come from at China.

Gao Cheng thinks, import data still is belonged to benign, import growth to have responsibility to great majority considering American steel ironworks. This shows steely lading has very great opportunity to increase, and material of semi finished steel represented domestic steel ironworks increase steely shipment most one of economic ways, the fusion of these steel ironworks is produced can approaching level of full load movement more and more.

Gao Cheng thinks, steely price lasts tall look forward to is steely kind a main activator that goes tall, drive accrual to exceed the market to anticipate. Gao Cheng thinks, the abidance April is low entrance level data supports this point of view.

Gao Cheng still thinks, the risk is going high to ebb with the whole world at the dollar. The dollar appreciates considerably and global economy ebbs badly price of iron and steel of harm whole world, the main risk that is need attention, because these two elements will reduce steel price level of the United States, bring more entrance.

Gao Cheng expresses, the strong thrust Jian that Nucor is located in this to go buys list in, and because its are provided,charming appraise is worth level, driving gain is mixed grow a characteristic and make share of Gao Cheng first selection. The United States is steely (US Steel) can integrated raw material, and rise in price in benefit from benefit from in fixed position is optimal. Commercial Metals also gets what fill high recommend, because this company anticipates gain promotes, and appraise is worth have appeal relatively.
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