Worldsteel reports December production of crude steel was 139.6mln/T, -3.7% Y/Y
Worldsteel's report of a 3.7% year-on-year decline in crude steel production signals potential demand weakness in the metal markets, which could also imply lower future demand for energy inputs used in steelmaking.
Canadian Retail Sales Ex Autos MoM (Nov) M/M 1.7% vs. Exp. 1.2% (Prev. -0.6%)
Canadian Retail Sales MoM Prel (Dec) M/M -0.5%
Worldsteel reports December production of crude steel was 139.6mln/T, -3.7% Y/Y
One borrower is considering the sale of US IG bonds on Friday, according to a Bloomberg survey
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This decrease may pressure steel prices and related commodities, making it a noteworthy factor for traders anticipating shifts in supply and demand dynamics in the sector.
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