Scrap steel prices are still struggling Scrap steel prices are at an all-time low. As expected, the downward trend that began four years ago continues to hurt recycling rates, and recyclers struggling to make a profit. This price decline is in large part due to precious metals seeing a price increase while non-precious metals have
China-U.S. trade war continues to affect the commodities market Since our last report, the ongoing China-U.S. trade war, along with decreasing interest rates towards the end of 2018, are still causing industrial and auto companies to pull back strongly on spending. In recent months, the steel industry has suffered from holding high inventories throughout the
The last adjustment they will have to make is obviously navigating their way around this new tariff hike. Michael Dunne, CEO of Chiense automotive adviser ZoZo Go, believes that the tariff is a “decoy” and specifically a direct threat to China’s electric car industry because “technology is what the trade negotiators are working on”. China
