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Baowu produces ~7% of the world's steel, and its commentary is tracked closely as a view to the market mood in China. Singapore iron ore futures fell as much as 3.4% to $95.20/ton, and rebar ...
The rout in steel markets was even more marked, with rebar futures in Shanghai plunging more than 4% to the cheapest since 2017. BHP, which gets much of its revenue selling iron ore to China, fell ...
Heat makes steel expand, moving its molecules farther apart, and as hot days become hotter and more frequent, rail lines are at risk of warping and buckling more often. According to the U.S ...