ALLOY STEEL INTERNATIONAL INC News

Toyota Motor Corp's global output in November will be 15% lower than planned.

Toyota Motor Corp will cut its global car production target by about 15 per cent from its previous plan in November, according to unquoted sources. Toyota Motor Corp is affected by the shortage of chips and expects to keep the annual production target at 9 million vehicles. An unnamed Toyota executive reportedly said the carmaker planned to resume normal production and make up for production losses from December, but there was "a lot of uncertainty" about the outlook. Toyota Motor Corp declined to comment on the report, according to the media.

新浪美股Oct 15, 2021 14:19

Aluminum prices soared, Alcoa paid dividends for the first time in five years, and its share price nearly tripled in a year.

With aluminum prices rising, Alcoa, the largest US aluminum producer, rebounded strongly in 2021 and finally resumed paying dividends to shareholders five years later. The company said on Thursday that it would pay a dividend of 10 cents a share on Nov. 19 to shareholders of record before the Oct. 29 close. It is the first dividend paid by Alcoa since it spun off its aircraft and auto parts businesses in 2016. The company also announced a $500 million share buyback program. Alcoa's share price has nearly tripled from a year ago, driven by a historic surge in aluminum prices. From cars to MacBook to beer cans, aluminum quilts

新浪美股Oct 15, 2021 13:16

The world's largest independent crude oil trader: oil prices still need to depend on OPEC+'s face in the next few months

Original title: The world's largest independent crude oil trader: Oil prices still need to look at OPEC+ in the next few months Mike Muller, Asia director of Vitol Group, the world's largest independent crude oil trader, said that in the next few months, the Organization of Petroleum Exporting Countries and its allies will still be the main factor in oil price fluctuations, and pricing control is largely in OPEC+'s hands. In the US, if you need extra oil, then your production simply can't keep up with the number of rigs. Compared to three years ago, this is quite a shift. At that time, due to the second shale oil boom, the United States became the largest in the world

匯通網Oct 5, 2021 18:08

The performance of "terrorist data" is much better than expected, and the gold price is "sneaking away" ahead of time?

The "terror data" rose again after June, exceeding market expectations. The monthly rate of US retail sales, known as "terrorist data", was released at 20:30 Beijing time on Thursday, recording a monthly rate of 0.7 per cent, higher than the previous value of-1.10 per cent and expectations of-0.8 per cent. After the data were released, spot gold fell $46 from its daily high at 21:49 Beijing time, falling below the 1750 mark and now trading at $1753 / ounce, down 2.25%. Spot silver fell more than 4% to below the $23 mark for the first time since August 23. The dollar index rose 0.5% during the day.

金十數據Sep 16, 2021 23:29

America under inflation: consumers and businesses sit idly by in the stock and bond market

American companies and consumers are worried about the upward pressure on prices; the balance of profit and loss is basically the same; technology stocks outperform cyclical stocks regardless of the White House, consumer price data, or performance conference calls; concerns about inflation dragging down the economy are ubiquitous. There are only two local exceptions, the stock and bond markets. Investors seem to actually believe Powell's “temporary theory” of inflation. Although the inflation rate has reached a high of more than ten years, the measure of inflation expectations in the bond market — the break-even inflation rate — has hardly changed over the past month. At the same time, it is thought to be vulnerable to a rebound in price pressure

新浪財經Jul 28, 2021 03:49

New debtor Gang Rak: The current situation is very much like the era of great inflation in the 70s of the last century

Jeffrey Gunlach, CEO of Double Tier Capital and known as the “New Debt King,” said on Thursday that the current inflation situation in the US is reminiscent of when Jimmy Carter was in power in the 70s of the last century, and the Federal Reserve needed to take action to mitigate rising prices. Gunlach said that due to rising inflation and US Treasury yields remaining at such a low level, US bonds are now basically negative yielding assets. Gunlak said, “When you look at the actual yield of long-term treasury bonds, it looks like the Jimmy Carter era. The CPI is 5.4%, the yield on 10-year treasury bonds is even less than 1.4%, and the actual yield is -4

新浪財經Jul 16, 2021 07:33

Musk admitted that Tesla electric pickup truck may fail: but I don't care.

Tesla CEO Elon Musk said in a chat with fans on Twitter on Thursday that his company's upcoming electric pickup truck, Cybertruck, "always has some chance" that it will "fail". Still, Musk plans to maintain almost exactly the same "production design" as the display car-a huge metal trapezoid. Musk wrote: "frankly, Cybertruck always has some possibility of failure because it is so different." But I don't care. Even if others don't like it, I like it very much. All the other trucks look like replicas of the same thing, but Cybert

新浪財經Jul 16, 2021 07:12

“Scary data” also blew up: US retail sales unexpectedly fell 1.3% in May, why did the market have no reaction?

Original title: “Scary Data” was also outraged: US retail sales unexpectedly fell 1.3% in May, why did the market have no reaction? Source: FX168 US East of the United States at 8:30 on Tuesday. The latest report from the US Department of Commerce showed that the monthly rate of retail sales in the US fell 1.3% in May and recorded a negative value again after a lapse of three months, far falling short of the expected 0.7% drop. The previous value was revised to 0.9%. Furthermore, the monthly rate of core retail sales in the US fell 0.7% in May, falling short of the expected increase of 0.2%. (Image source: Zero Hedge) Looking at disaggregated data, motor vehicle sales declined due to chip shortages

FX168Jun 15, 2021 21:22