steel

Nikko Asset Management Australia

Brad Potter, Head of Australian Equities at Nikko AM Australia recently visited China, primarily to find out what has been driving recent increases in iron ore and coal prices and whether they can be sustained. It appears that supply side reforms are taking place in the materials sector and there... Show More

John Robertson

Amazingly often, analysts fail to distinguish between slowing growth and contraction. One could easily conclude from commentaries on the subject that China’s metal use has fallen. In reality, references to falling metal use often mean a decline in the rate of growth. Chinese zinc usage, for example, has been estimated... Show More

John Robertson

The International Monetary Fund once again cut back its near term global growth forecast. Not only was the forecast for 2015 reduced by 0.2 percentage points but the growth rate now estimated for the year is 0.3 percentage points lower than the 2014 outcome. Decelerating growth will normally imply the... Show More

QMG Insight

US steel tube and pipe manufacturing remains one of the weakest products across QMG's coverage universe: volumes (down -53% yoy), pricing (down -13% yoy) weak, costs increasing at +13% yoy, pressure on both revenue and margins....most highly correlated equity that we have mapped to this product group is Tenaris (North... Show More

QMG Insight

Each month QMG runs a fact based research model over vast quantities of statistical data collected from government agencies. Our data-driven approach produces factual observations across 3 key drivers of corporate profitability – price, cost and volume. We have just completed our review of the July 2015 data from the... Show More

Livewire Exclusive

On the #1 risk facing Australian equity investors Tim Carleton from Auscap Asset Management says Chinese steel demand is his major concern. Circa 10% of domestic GDP comes from the export of the bulk commodities. This figure is substantially higher if you include support service industries. Primary and secondary property... Show More