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Maritime freight rates: rebound bodes well for persistent global logistics capacity problem
Many shipping companies continue to reckon with below-cost container spot rates. They might even see this as 'payback' for the huge profits made in the previous three years. However, given that tariffs on many routes have even fallen below pre-pandemic levels, this...
Metinvest’s production of pig iron and crude steel decreased in the first half of the year
Ukrainian steel producer Metinvest announced its operating results for the first half of this year. As a result, in the first half of the year, Metinvest's total pig iron production stood at 918,000 tonnes, down 59.2% year-on-year, as the Mariupol plant has been...
Chinese steel producers expect production restrictions in the second half of the year
According to market sources, new steel mills in China plan to restrict crude steel production for the rest of the year. Not only in Hebei Province, but also in Jiangsu Province and other provinces, more steel mills are expected to reduce their crude steel production,...
Steel: demand in China falls in July due to shrinking exports and a weak real estate sector
Monthly demand for manufacturing steel in China fell in July after a recent rebound in June. According to market sources, shrinking exports and a further slowdown in the real estate sector will continue to weigh on demand for manufacturing and related steel. In July,...