” said Khosla. Dock workers internationally have refused to load and unload Russian ships, while container companies – with the exception of China’s Cosco Shipping Co. – in May this year were refusing to book Russian cargo. Belarus has also been...
According to data from the Conference Board, the Consumer Confidence Index fell to 98.3 in February, marking its third consecutive monthly decline and the sharpest drop since August 2021, as inflation expectations for the year ahead increased. In its Survey of Consumer Expectations published on Monda...
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The last two months of the year saw steel prices rebound slightly as China relaxed its COVID-19 restrictions, increasing confidence that the world’s leading steel consumer will experience an uptick in demand in 2023. Why Steel Prices Are Measured in Yuan ...
Chinese steel exports have continued to grow, which can affect global steel prices due to oversupply. How China Impacts the Global Steel Industry China produces over a billion tons of steel each year, giving it nearly 10 times the steelmaking capacity of the United States.5 ...
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The steel price index released by the China Iron and Steel Association (CISA) came in at 112.84 by the end of last month, up 3.84 percent from a month earlier. The index marked a rise of 21.8 percent from a year ago, as demand from industries such as equipment and auto manufacturing ga...
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