15
Jul
03:51
Outlook worsens after second-quarter shipments increase: Rio Tinto
Rio Tinto says the economic outlook is weakening due to the Russia-Ukraine war, tighter monetary policy to curb rising inflation and targeted Covid-19 restrictions in China. Although Chinese industrial activity recovered in June, uncertainties surrounding Covid remain, and there are headwinds from restricted labour/goods movement, and slowing global growth.
The miner saw its iron ore shipments in the second quarter rise 5% on-year to 79.9 million tonnes, underpinn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous