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Steel Rebar: China’s production down 9.5% in Q1 2024
According to data released by China's National Bureau of Statistics, China's rebar production stood at 50.01 million tonnes in Q1 2024, down 9.5% year-on-year. During the same period, the country's wire rod production decreased 4.9% year-on-year to 32.44 million...
Chinese metals: Biden will urge increased duties
U.S. President Joe Biden will call for a sharp increase in tariffs on Chinese metal products as part of a package of policies aimed at satisfying steel workers in the state of Pennsylvania, at the risk of angering Beijing. During campaign stops in the "steel city" of...
Although global economic growth forecasts for 2024 and 2025 have increased, they have remained below the annual historical average
According to the World Economic Outlook report published by the International Monetary Fund (IMF), global economic growth, which is projected to be 3.2 percent in 2023, is expected to continue at the same pace in 2024 and 2025. The growth forecast for 2024 is 3.2...
HRC steel: weak demand drives European prices down further
Hot-rolled coil (HRC) prices in Europe weakened slightly due to persistently slow trading on Tuesday, April 16, and further declines are expected due to weak order books at steel mills. May deliveries were still available from European steel mills, which is another...