Japan MOF preparing to raise long-term rate estimate in FY2026 budget request, Yomiuri reports | 1450 AM 99.7 FM WHTC | Holland Close For the health and safety of everyone, our offices are temporarily closed to the public. If you have won a prize from us we will be mailing it to you or will contact you with specific information needed to redeem your prize. Feel free to call…
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Since April 2022, the SMM survey sample for rebar production scheduling has been expanded to include 56 enterprises.According to the SMM survey data from 56 key steel-producing enterprises: The planned rebar production for August was 8.776 million mt, an increase of 114,700 mt compared to the actual production in July, representing a growth rate of 1.32%; The planned wire rod production for August was 3.4541 million mt, a decrease of 65,700 mt compared to the actual production in July, representing a decline rate of 1.87%. Chart1-2: Production Schedule for Rebar and Wire Rod at Steel Mill (56 Steel Mills) Data…
The Washington PostTrump covets rare earth riches, but Greenland plans to mine its own businessInterest in Greenland’s minerals is soaring, driven in part by Trump, who has said the U.S. must “get” the island. But the rare earths will be hard to mine..3 weeks ago Source link
Tsingshan’s $800 Million Investment in Zimbabwe Steel Plant: Strategic Expansion and Economic Impact In a significant development for Zimbabwe’s industrial sector, Chinese metals giant Tsingshan Holding Group has announced an $800 million investment to expand its Dinson Iron and Steel Company facility. This strategic move not only doubles the plant’s production capacity but also positions Zimbabwe to reduce its substantial steel import dependency while creating economic opportunities across multiple sectors. $800 Million Expansion Plan for Dinson Steel Plant Tsingshan Holding Group’s $800 million investment aims to dramatically increase production capacity at its Dinson Iron and Steel Company facility in central…
President Donald Trump has reportedly put $100 million into bonds since taking office in January, through a mixed bet on the debt of both big companies like Meta and Home Depot as well as municipal governments and public entities. The move is notable because he has not placed his investments in a blind trust, unlike other presidents, but also because, as one expert believes, it signals that he expects interest rates to fall. President Donald Trump has gone on a bond-buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments…
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Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles. (Bloomberg) — Most Read from Bloomberg President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 types of consumer items that contain the metals, such as motorcycles and tableware. Customs brokers and importers in the US were given little notice to account for the change, which went into effect Monday and did not exclude goods in transit. The new tariff…
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By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed’s readiness to lower interest rates next month. All eyes are now firmly on Fed Chair Jerome Powell’s Jackson Hole speech on Friday. More on that below. In my column today, I look at the apparent contradiction between record inflows into U.S. assets from abroad, and the 125 basis points of Fed rate cuts traders are…
The coke is used in what’s known as “integrated” steelmaking. Coke is combined with iron ore and limestone in a scorching-hot blast furnace to produce iron. The molten metal is then moved into a basic oxygen furnace where it becomes steel — the essential and abundant material used in bridges, buildings, ships, cars, and household appliances. (Binh Nguyen/Canary Media) The number of U.S. coal-based steelmaking facilities has declined over the decades, owing largely to growing competition overseas and shifting market conditions at home. No new steel facilities that use coal have been built in the U.S. in decades. Today, roughly 30% of…