Mining.Com (August 18)
2024/ 08/ 19 by jd in Global News
“Global investors are lasered onto China’s struggling economy, even as they also contemplate the possibility of a recession in the US, with the Federal Reserve moving toward interest rate cuts.” But now the chairman of the world’s biggest steel group, China-based Baowu, has warned of a “worse challenge than major traumas in 2008 and 2015.” His warning “underscores risks to demand and prices” for steel and other commodities, along with “what ArcelorMittal SA, the industry No. 2, called an ‘aggressive’ surge of exports from China.”
