Tag: machinery

Chinese Steelmakers Report Crippling Losses From Weak Demand

July 10, 2022
Business & MarketsChinaChina Business & Economychina's property marketcommoditieseconomyexcavatorsInvestmentmachineryMarketssteel millssteelmakerszero-covid policy
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Chinese steelmakers have reported significant losses from weak demand and low prices. Data released on June 28 showed that only 15 percent of Chinese steel mills remain profitable, a 27 percent drop from the first quarter and a 59 percent plunge compared to the same period last year. According to China’s National Bureau of Statistics,…

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Japan’s Machinery Orders Fall for First Time in 5 Months

March 17, 2022
Asia & PacificBusiness & EconomyCompanieseconomic policieseconomyEuropeinflationInternationalJapanmachineryMarketsordersRussiaRussia-Ukraine WarUkraineWorld
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Japan’s core machinery orders slipped for the first time in five months in January, a worrying sign for an economy already facing heightened pressure from the Ukraine war and high energy and raw material prices. The decline in core orders hurts hopes that a pickup in business spending will support private demand in the world’s…

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Supply Chain Disruptions Cloud German Machinery Outlook

December 14, 2021
Business & EconomyBusinesses in COVID-19CCP ViruschainCompaniesDisruptionseconomyEuropeGermanInternationalmachineryMarketssupplyVDMAWorld
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BERLIN—A group representing Germany’s machinery industry said Tuesday it expects a weaker rebound in production this year than previously forecast because of persistent supply chain bottlenecks. The VDMA group said it now expects production to grow by 7 percent this year to a value of about 219 billion euros ($247 billion), down from the 10…

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