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World Bank raises global growth forecast for 2023
World Bank President David Malpass announced that the bank has raised its global economic growth forecast for 2023 to 2 per cent from the 1.7 per cent recorded in the report published in January. However, global growth is expected to remain weak this year compared to...
China car sales down 6.7 % in January-March
According to the China Automobile Manufacturers Association (CAAM), car production in the country fell by 4.3% year-on-year to 6.21 million units in the January-March period this year, with sales at 6.07 million units, down 6.7% year-on-year. In the first three months...
HRC steel: coil prices essentially stable in the post-vacation market
The European hot-rolled coil (HRC) market remained mostly quiet after the Easter holidays and prices remained unchanged. The hot-rolled coil market was sluggish both in Northern Europe and in Italy. Most buyers and mills were still out of the market and there was...
Iron ore: shipments to Hedland Port temporarily suspended due to approaching hurricane
All ships at the Port of Hedland, Australia's iron ore hub, were evacuated today due to an approaching tropical hurricane and iron ore shipments were temporarily suspended, according to a report from the Pilbara Port Authority. On 11 April, ex-Australia 62 per cent...