With today’s Stainless Steel Espresso, we take a look at economic development in the United States. How China and the US could come to a joint solution on steel. And why the Europeans are cowering fearfully behind their thick medieval walls in the face of the alleged Chinese threat.
USA: Dynamic economic recovery continues
Good news! The much-watched ISM Purchasing Managers’ Index for the manufacturing sector in the USA climbed to 64.7 points in March – the highest level since 1983. Meanwhile, the index for the service sector rose by an extraordinary 8.4 points to an all-time high of 63.7 points. This means that companies rated their business outlook significantly better in March than in February.
Source: deutsche-bank.de
Steel: How China and the USA are seeking win-win cooperation
In an interesting article, Neal Kimberley at scmp.com looks at how China and the U.S. are seeking win-win cooperation – at least on one issue: steel. To meet China’s goal of reducing its carbon footprint, regulators want to cut crude steel production. This would also address U.S. concerns about Chinese overproduction in the steel industry.
Source: You can read the full article here on scmp.com
Focus EU: China is hitting the brakes hard on steel – Europeans driven by fear
In addition, today we take a look at the Europeans who want to hide their steel industry behind ever thicker walls and thus protect it from foreign competition. And on daring European corporations that are willing to face Chinese competition.
Source: Read our focus article here now
Read also:
- Stainless Espresso: Solutions wanted for difficult steel import situation in EU
- Stainless Espresso: USA, China and the story of the fearful European steel industry
- Stainless Espresso: Iron ore, aluminum and nickel in upward trend
- Stainless Espresso: Metal stocks boom could continue after dream run in 2021
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
