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Four major steel stocks—CMC, MT, NUE, and STLD—have rallied over 40% year-to-date, fueled by producer-led price increases amid a rebound in demand from the automotive and construction sectors. However, conflicting global data introduces uncertainty.
German chemicals firm Wacker Chemie is cutting over 1,500 jobs by 2027 to save €150 million annually. The move is a direct response to sustained high energy costs and intense competition from Chinese producers, reflecting a wider crisis in European industry.