Tag: trump tariffs
There have been reports of several layoffs in the US steel industry this year, in contrast to last year's news of plant restarts and new plants.
US-China trade optimism has lifted markets this month. However, the Shanghai Composite and Hang Seng indexes fell sharply today.
U.S. Steel’s third-quarter earnings are scheduled for today after the markets close. The company's third-quarter profitability could fall sharply.
Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.
The US-China trade war has amplified China’s slowdown. Over the weekend, China released its September industrial profits data.