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Steel Advance/Decliner Index Jumps. Our Advance/Decliner Index jumped to 91% from 68% last week, reaching the highest level since June 2008, before the onset of the current global economic rout. While there are fewer price changes in the market in general because of the holidays, the data continue to show broad-based pricing strength led by surging prices in China. Our China index rose for the fourth straight week, climbing to 100% from 91% last week. This is the third time in the last two months our China index has hit 100%, meaning there were no reported price declines. Our ex-China index also strengthened, rising to 87% from 62% the prior week, the highest level since June...Surging Steel Prices Continue in China
Steel Advance/Decliner Index Jumps. Our Advance/Decliner Index jumped to 91% from 68% last week, reaching the highest level since June 2008, before the onset of the current global economic rout. While there are fewer price changes in the market in general because of the holidays, the data continue to show broad-based pricing strength led by surging prices in China. Our China index rose for the fourth straight week, climbing to 100% from 91% last week. This is the third time in the last two months our China index has hit 100%, meaning there were no reported price declines. Our ex-China index also strengthened, rising to 87% from 62% the prior week, the highest level since June...
