Relevant News
China's manufacturing strength could attract more steel exports: traders
China's two leading manufacturing purchasing managers' indices, or PMIs, were both in growth territory in May. |
GM to ramp up US, Canadian auto assembly plants June 1: company
GM to ramp up US, Canadian auto assembly plants June 1: company. |
Russian plan for exchange scrap metal trading halted by coronavirus
Russian plan for exchange scrap metal trading halted by coronavirus. |
EU HRC quota now quarterly, country-by-country
The European Union has transitioned its hot-rolled coil quota to a country-by-country and quarterly basis. |
US economic recovery expected to take 2 years
US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said. |
Tight supply accelerates Tokyo Steel scrap price hikes
A widening gap between export and domestic prices fuelled the increases. |
Tianjin Bulk Freight Index up 0.05%
The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 541.09 points on Tuesday, up 0.05 percent compared with the previous working day. |
Factory profit decline slows
Profits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday. |
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