US Steel Production Capacity Utlization Improves Slightly in Week 22
American Iron & Steel Institute announced that in the week ending on May 30, 2020. |
TISCO to step up spending on R&D, technology innovation
Gao Xiangming, chairman of TISCO, said the company's R&D expenses account for about 5 percent of its annual sales revenue. |
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. |
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