Similar Stories to Chinese Steel Exports Are Getting Hammered on Bing News

Chinese crude steel output has gone from strength to strength this year, hitting record highs in each of the past two months. However, as seen in the chart below from the Commonwealth Bank, that strength entirely reflects improved domestic demand rather than demand from abroad. Chinese steel exports have been crunched, falling by 30% year-on-year in August, continuing the downward trend that began a year earlier. "China’s steel exports have been responding to trade barriers put in place by the US, India and the EU, as they try to protect their respective domestic steel industries," says Vivek Dhar, mining and energy commodities analyst at the Commonwealth Bank. Even with that sharp decline, Chinese crude steel output has risen by around 5% from January to July, something Dhar says reflects strong steel mill margins and resilient domestic demand. "The increase in output is notable because of the headwinds facing China’s steel exports," he says. "End-user demand remains resilient as Chinese stimulus continues to flow through China’s commodity intensive sectors.

More Business News

The surprising way this potato chip factory slashed its emissions
Fast Company, Wednesday - 11/20/2024 - 09:15 AM
Almost all the emissions from this PepsiCo factory came from heating the oil to fry the chips. A German startup had a solution. Inside a sprawling PepsiCo factory in the Netherlands that makes more than a million bags of potato chips each day, nearly all the plant’s greenhouse gas emissions come from a single step: frying the chips.
More | Talk | Read It Later | Share
The right (and wrong) way to complain at work
Fast Company, Wednesday - 11/20/2024 - 09:04 AM
If you’re feeling frustrated about a situation at work, it’s important to be strategic about how you respond. Are you frustrated about something at work right now? We all go through periods of stress and annoyance—at least occasionally. Maybe you have a colleague who is subtly undermining you. Or a toxic boss who doesn’t recognize your contributions in important meetings. Or there’s a sexist client you have to deal with.
More | Talk | Read It Later | Share
Google Docs makeover: How the word processor is getting smarter
Fast Company, Wednesday - 11/20/2024 - 09:00 AM
New sub-pages help organize complex documents, AI can assist with editing, and pageless mode improves online reading. This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here.
More | Talk | Read It Later | Share
News influencers are overwhelmingly male. No wonder there’s a Republican bias
Fast Company, Wednesday - 11/20/2024 - 05:11 AM
As trust in mainstream media fades, influencers are acting like the next generation’s news anchors. Two-thirds of them are men. “News influencers” are social media translators, conveying the day’s biggest stories via TikTok commentary or Instagram graphic. They also happen to be overwhelmingly male.
More | Talk | Read It Later | Share
US admiral says sending Israel and Ukraine weapons like Patriot missiles is eating into what's needed for countering China
Business Insider, Wednesday - 11/20/2024 - 01:37 AM
The US has sent at least two Patriot missile systems to Ukraine, which has repeatedly asked for the prized air defense batteries. SAM YEH/AFP via Getty ImagesAdm. Sam Paparo is concerned that the US is giving out vital defenses it needs to deal with China."It's now eating into stocks," he said on Tuesday of advanced weapon shipments to Ukraine and Israel.
More | Talk | Read It Later | Share
Jim Gaffigan lost 50 pounds and says gardening helps him eat healthier
Business Insider, Wednesday - 11/20/2024 - 12:40 AM
Jim Gaffigan said that growing vegetables encouraged him to eat them. Taylor Hill/WireImage via Getty ImagesBesides taking Mounjaro, a weight-loss drug, Jim Gaffigan found that gardening benefited his health. He said gardening encouraged him to eat healthier and helped him achieve his fitness goals. Incorporating more vegetables into the diet can increase happiness, according to a nutrition expertJim Gaffigan's hack to eating more greens is to grow them himself.
More | Talk | Read It Later | Share

Similar Stories to Chinese Steel Exports Are Getting Hammered on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News