US Steel: A Recession, But Nobody Cares
05,2022 08:00 AMIt's happening. The manufacturing sector in the United States is contracting again. The economic growth slowing trend is accelerating. The yield curve is extremely inverted, leading manufacturing surveys are in contraction territory, and the Fed isn't done hiking. It's truly a toxic environment for cyclical companies.
Steel News
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United States November 09,2022 08:00 AM
India's trade ministry has sought to extend an export promotion scheme to reimburse some local levies for domestic steel…
United States November 07,2022 08:00 AM
Indian demand remains a bright spot in major steel markets as domestic consumption is seen growing at a "high single digit"…
United States October 26,2022 06:00 AM
Steel demand in the European Union is expected to erode by 3.5% this year and fall 1.9% in 2023, hit by soaring energy prices…
United States September 22,2022 08:00 AM
The Biden-Harris Administration today announced that they would “prioritize the purchase of key low-carbon construction…
United States September 08,2022 07:00 AM
Japan's JFE Steel aims to decide this year on a joint venture in India with partner JSW Steel (JSTL.NS) to produce electrical…
United States August 30,2022 08:00 AM
Steel price extends the week-start pullback from a two-week top. China announces further covid-led manufacturing restrictions…
United States August 29,2022 08:00 AM
Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles…
United States August 25,2022 08:00 AM
Steel price remain mildly bid around a one-week high, flashed the previous day. It’s worth noting that the hopes of more…
United States August 03,2022 07:00 AM
Steelmaker Ternium (TX.N) expects revenue per ton to decrease in the third quarter of 2022 due to lower benchmark steel…
United States July 22,2022 07:00 AM
U.S. producer Alcoa (AA.N) reported an average realised price on third-party sales of $3,864 per tonne in the second quarter,…
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