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Rebar Prices Fall in China, Singapore and Poland: Weak Demand and High Inventories Pressure Markets
The global rebar market is experiencing widespread weakness, with significant price declines in key markets such as China, Singapore and Poland. The main factors driving this downtrend are weakened end-user demand, inventory build-up and pressure on raw material...
India Surpasses Japan to Become World’s Fourth Largest Economy
India has officially surpassed Japan to become the fourth largest economy in the world. This achievement has been made possible by a series of proactive policies consistently adopted by the Indian government, aimed at stimulating economic activity and accelerating...
Shanghai Futures Exchange Sees Marginal Moves in Base Metals
Prices of major base metals traded on the Shanghai Futures Exchange (SHFE) showed mostly modest changes in the morning session on Tuesday, May 27. Among the six metals monitored, aluminum recorded the sharpest decline, falling 0.77%. As of 10:30 a.m. (Shanghai time),...
Global Hot Rolled Coil (HRC) Market Weakness: Europe Slow, India Slow, US Mixed Pressure
The European hot rolled coil (HRC) market was in a lull on Friday, May 23, with prices remaining largely flat and trading activity minimal. Market sources reported marked slowness in trading in the second half of the month, attributing it to ongoing weakness in real...