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.
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.
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).