MetalCrawler has a case of the Mondays as steel prices in China are being cut even more to try to spur sales.
China Steel Cuts Prices Deeply
China Steel Corp. announced Friday a deeper-than-expected price cut of 7.4% on average for its products to be shipped to local customers in June, as sluggish demand is adding pressure on the profits of China’s biggest steelmaker this quarter.
NHTSA Approves of F-150 Crash Compatibility
The National Highway Traffic Safety Administration gave its top rating to the aluminum-bodied 2015 F-150 Super Crew, granting it five stars for both the frontal and side impact tests and four stars for the rollover rating.
The previous model, with a steel body, got an overall rating of four stars, and only three stars for the frontal crash. Safety ratings have not yet been released by the other US group that conducts crash-testing, the Insurance Institute for Highway Safety (IIHS), whose tests are generally regarded as even more stringent than NHTSA’s.