Is Russia’s Manufacturing Sector Losing Momentum?
Russia’s manufacturing activity improved at a slower pace in April due to weaker demand. Growth in output and new orders slowed to eight-month lows.
ArcelorMittal Europe’s Performance Improves in 1Q15
The slowdown in the Eurozone negatively affected ArcelorMittal Europe’s operations. The company took several cost-cutting measures.
China’s Official PMI Holds above 50 for 2 Consecutive Months
While China’s official PMI held above 50 for two consecutive months, the PMI figures released by HSBC Markit paint a grim picture of China’s economy.
Latest Chinese Real Estate Demand Indicators Reflect Slowdown
Clearly, Chinese real estate demand indicators are weakening. This is a negative sign for steel companies like Mechel (MTL) and Companhia Siderurgica Nacional (SID).
Would the Cut in Bank Reserves Help China’s Steel Industry?
In March, Chinese exports declined by 15% on a YoY basis. The latest cut in bank reserves is another step by China (FXI) to address its slowing economy.