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Steel: plate prices in EU stabilize
Plate prices in the EU remained stable in the week of May 27, with holidays in northern Europe limiting transactional activity and some early inventories reported in the Italian market. With mills focused on long-term supply projects, spot market presence remained...
Chinese industrial enterprises’ profits grow 3.5 percent in the first four months
According to the latest data released by the National Bureau of Statistics (NBS) on May 27, China's large industrial enterprises saw their gross profits increase by 3.5 percent year-on-year in the January-April period. Sporadic outbreaks of COVID-19 in some regions of...
Aluminum: market turmoil will not slow down green push
Aluminum has been in chronic oversupply for years, thanks to China's relentless increase in primary smelting capacity. Now, however, buyers in Europe and the United States are paying record premiums to get hold of the physical metal. The Chinese aluminum giant has run...
Global growth forecast is deteriorating rapidly
Global economic growth forecasts have deteriorated dramatically due to a confluence of factors. The Institute of International Finance (IIF) says the risk of global recession has increased significantly as the Omicron wave in China is more disruptive than previously...