The World Steel Association has projected a 2.3% contraction in global steel demand this year.

BHP CEO Mike Henry said the market will be in “a little bit oversupply” in the next few years, before tightening up toward the end of the decade.

The International Monetary Fund forecasts China's GDP will expand by just 3.2% this year, down from 8.1% growth in 2021.

Bloomberg reports potential easing of covid-19 restrictions.

China is considering a cut in the duration of quarantine for inbound visitors from 10 to seven days.

Tesla stock has dropped 37% this year.

Cement factories in the northern industrial hub Hebei are scheduled for a five-month rationing of output.

Iron ore prices dipped on Wednesday after BHP reported higher quarterly output of the steelmaking ingredient, adding to supply-side pressures.