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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Markets · Geopolitics · Macro Risk Oil, Iran, and the Rupee What a Fresh Middle East Escalation Means for Indian Markets Brent near $95 a barrel arrived in the same week India was still defending its GDP number. The oil shock is not a side story to that debate. It is the next chapter of it. Fresh US strikes on Iranian targets near the Strait of Hormuz, in retaliation for tanker attacks and an earlier assault on a US base, sent Brent crude up nearly 5% on September 1 to close to $95 a barrel, its highest level since late July. It held near $94.9 into September 2. Indian equities did what they usually do when crude spikes on a fresh geopolitical shock. The Sensex fell for a third straight session, down 373.93 points (0.49%) to 76,570.35. The Nifty50 slipped 141.35 points (0.59%) to 23,914.45, as rising bond yields compounded the oil-driven inflation worry. That is the tape. The more importan...
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US Steel News: December Steel Shipments Up 9.2% From November, Up 10.1% YTD
WASHINGTON, DC–The American Iron and Steel Institute (AISI) reported today that for the month of December 2011, U.S. steel mills shipped 8,085,761 net tons, a 9.2 percent increase from the 7,404,828 net tons shipped in the previous month, November 2011, and a 13.7 percent increase from the 7,111,031 net tons shipped in December 2010.  Shipments for 2011 are 91,865,449 a 10.1 percent increase vs. 2010 full year shipments of 83,443,836.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 15 percent, hot dipped galvanized sheets and strip, up 2 percent and cold rolled sheet, up 2 percent.
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 120 associate members who are suppliers to or customers of the steel industry.  AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity. 

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