Thoughts on US Steel & Cleveland Cliffs News
August 14, 2023
The news dropped Sunday night that Cleveland Cliffs (CLF) has offered a cash and stock bid worth $7.3B for US Steel (X).
Category: Steel
Coal News & Price Data – August 14, 2023 – US Steel Rejects $7.3B Bid from Cleveland Cliffs
August 14, 2023
Cleveland-Cliffs made an offer to acquire US Steel, valuing each share at $32.53, a 43% premium over US Steel’s last closing price.
Chinese Stimulus Dud?
July 29, 2023
In terms of Chinese economic growth and steel demand, here’s what we know.
Coal News & Price Data – July 20, 2023 – Xi Refuses to Meet with Kerry
July 20, 2023
Chinese President Xi Jinping made it clear that China will not allow its path to curb emissions to be dictated by others.
Coal News & Price Data – July 18, 2023 – Richards Bay Coal Terminal Reopens
July 18, 2023
After a partial closure due to environmental management non-compliance the Port of Richards Bay has resumed its operations.
Coal News & Price Data – July 11, 2023 – NSW Court Dismisses Narrabri Stage 3 Blocking Case
July 11, 2023
Whitehaven Coal announced a court in New South Wales dismissed a lawsuit brought seeking to invalidate consent for Narrabri Stage 3.
Coal News & Price Data – June 30, 2023 – Stratospheric Wind Anomaly
June 30, 2023
QBO wind anomaly is developing over the Equator, which will impact winter weather along with the El Nino event in the upcoming 2023/2024 Winter season
Note on Met Coal & Steel Markets
June 27, 2023
With Australian PLV trading at a premium to CFR China, the arbitrage for Australian coal into China remains firmly closed.
Market Updates
June 6, 2023
Market Updates: Steel sector has moved past the hype-cycle of a Chinese reopen boom and is settling into a new reality.
Steel & Met Market Update
May 24, 2023
Construction weakness & seasonal influences in China & overcapacity of steel production and oversupply of finished steel the country.
Q1 ’23 Steel Market Overview
April 7, 2023
Q1 ’23 Steel Market Overview – And implications for Met Coal