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US chip makers caught in crossfire of sanctions
Nvidia and AMD will lose millions of dollars in lost profits as a result of increased tensions between the United States and China and as a result of...
Steel prices may move up on new data from China
China's NBS Manufacturing PMI improved to 49.4 from 49.2, in line with expectations. The end of the rainy season and support from Beijing could...
Polish manufacturers of steel rebar raise prices due to high costs
Steel rebar spot market activity in Poland picked up last week and buyers expect prices to rise further in September due to unpredictable energy...
Turkey will five times increase the price for the passage through the Bosphorus
About 48,000 ships pass through this strait every year, it is also the main route for the export of Russian oil and metal products, as well as...
Profit growth in Chinese automotive industry hits 80% in July
The profit growth in the automotive sector was made possible by the recovery of production and supply chains, as well as Beijing's policies to...
Europe's losses due to the abandonment of Russian coal turn into a significant gain for Asia and Turkey
S&P Global Commodities at Sea's semi-annual data analysis shows that as Russian coal is offered at a discount compared to Australian and South...
Major mining company BHP is optimistic about China's economy
The world's second-largest economy will be a source of stability in the coming year and "maybe something much more" if real estate activity...
S&P and Fitch consider Ukraine's agreement to defer payments on public debt as a default
S&P downgraded Ukraine's national currency rating from B-/B to CCC+/C, Fitch retained the corresponding rating at CCC-....
World steel prices have moved from a protracted fall to growth
Steel prices slightly up on maintenance shutdowns and China trade data....
Tesla sells off most of its bitcoin holdings
At the end of last year, the head of the American manufacturer of electric cars, Elon Musk, stated that his company was not going to sell bitcoins....
The United States refused to impose duties on Russian metals and increase tariffs on iron imports
Earlier, within the framework of depriving Russia of the “greatest assistance” status, the United States announced an increase in duty rates on more...
The global steel industry will face its worst quarter since the 2008 crisis
The London Metal Exchange Index has fallen 23% since the end of March. This will be the first quarterly decline for the entire index since the start...
Elon Musk wants to lay off 10,000 Tesla workers due to 'very bad feeling'
Musk's gloomy prediction of a looming US recession echoes recent comments from executives including JPMorgan Chase CEO Jamie Dimon and Goldman Sachs...
IMF: The world economy has fallen back to the state of the Second World War
Analysts from the International Monetary Fund said that at the moment all the conditions are in place for a “perfect storm” in the global economy, as...
OPEC cuts global oil demand forecast again
If OPEC's forecast of an increase in world oil consumption to 100.29 million barrels per day is confirmed, this will mean a return of average daily...
China's iron and steel producer price index up 5.6% in April
China's overall producer price index (PPI) rose 8.0% year-on-year in April, while it rose 0.6% month-on-month....
London imposed protective duties on Russian supplies of platinum group metals
The UK announced an additional £1.4 billion package of restrictions on Russian imports, raising tariffs by 35 percentage points on products such as...
Ukraine in March lost about 70% of foreign exchange earnings from the export of rolled metal
According to the customs service, exports of ferrous metals from Ukraine in March amounted to $1.16 billion, while imports - $92.7 million....
More than 70% of Shanghai's leading enterprises have resumed work and production
The reopening rate among the first batch of more than 660 leading industrial enterprises exceeded 90%....
UK faces sharp rise in steel and timber prices in March
Prices for wood and metals have soared again after several months of gradual decline after the Russian invasion of Ukraine....
Eurozone Industrial Producer Prices Up 5.3% In March
Among Member States for which data are available, the largest monthly increases in industrial producer prices were recorded in Ireland (+36.1%),...
EU intends to impose sanctions against Moscow Credit Bank and Rosselkhozbank
The European Commission proposes to exclude Moscow Credit Bank and Rosselkhozbank from the SWIFT international payment system...
The assets of the largest metallurgical company in the Czech Republic are blocked under anti-Russian sanctions
Frozen assets in the Czech Republic may be confiscated in favor of the state if the connection of the owners of Vítkovice Steel with the Russian bank...
Dollar climbs to 20-year high against euro
Investors expect the Fed to raise rates by 50 basis points at meetings on Tuesday and Wednesday...
World Bank: Commodity prices to remain at historic highs through 2024
A World Bank Group spokesman said the war in Ukraine has dealt a severe blow to commodity markets, changing global patterns of trade, production and...
Exchange prices for iron ore and steel fall sharply due to events in China
Prospects in the near future look unreliable with expectations of more disease detection and the impact on economic conditions may be longer lasting....
