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The World Steel Association reported that from the beginning of the year to May, the world produced 764.072 million tons of steel. Compared with the same period in 2018, its volume increased by 5%. The increase in steel output was recorded in Asia, Africa, and North America. Production in Asia has increased over the year by 7.4%. The growth in steel produced in China was 10.2%. African countries increased the rate by 9.3%, while the rate of the Middle East countries rose by 4.3%. Ukraine increased steel production by 6.8%, while Russia and Kazakhstan reduced their figures by 0.7% and 16.3%, respectively. The fall in steel production by 2.4% was also noted in the countries of the European Union. According to the association for 2018, steel production at the end of last year increased by 4.6%, amounting to about 1.809 billion tons.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
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