China’s prices for carbon steel hot-rolled coil (HRC) are expected to remain under pressure this month, with few signs pointing to any broad recovery in prices, Mysteel’s monthly report on the commodity suggests. The key variable is the extent and scale of any production cuts that steelmakers might

Ford Motor Co. reported a double-digit decline in U.S. vehicle sales for July as production constraints linked to an aluminium shortage continued to limit F-Series truck availability, although the automaker said demand for its high-margin pickup trucks and SUVs remains resilient.   Ford sold 169,951

Weak demand among re-rollers is likely to keep China's billet prices at near recent lows in early August, according to Mysteel's latest monthly report. But prices may recover slightly later in the month if end-user demand for finished steel improves and boosts the semis market, it says.