Chinese steelmakers have reported significant losses from weak demand and low prices. Data released on June 28 showed that only 15 percent of Chinese steel mills remain profitable, a 27 percent drop from the first quarter and a 59 percent plunge compared to the same period last year. According to China’s National Bureau of Statistics,…
Chinese Steelmakers Report Crippling Losses From Weak Demand
Japan’s Machinery Orders Fall for First Time in 5 Months
Japan’s core machinery orders slipped for the first time in five months in January, a worrying sign for an economy already facing heightened pressure from the Ukraine war and high energy and raw material prices. The decline in core orders hurts hopes that a pickup in business spending will support private demand in the world’s…
Supply Chain Disruptions Cloud German Machinery Outlook
BERLIN—A group representing Germany’s machinery industry said Tuesday it expects a weaker rebound in production this year than previously forecast because of persistent supply chain bottlenecks. The VDMA group said it now expects production to grow by 7 percent this year to a value of about 219 billion euros ($247 billion), down from the 10…
US News
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