furnace

An Iraqi craftsman prepares to heat up metal at a workshop in a market in Baghdad on December 2, 2014. The International Monetary Fund said in its October World Economic Outlook that Iraq's gross domestic product is forecast to shrink by 2.7 percent this year, down from the 5.9 percent growth it forecast in April.

Ahmad Al-Rubate/AFP

An Iraqi craftsman prepares to heat up metal at a workshop in a market in Baghdad on Tuesday

A worker operates in the blast furnace at ArcelorMittal's steel plant in Ostrava, Czech Republic. ArcelorMittal, the world's biggest steelmaker, said steel shipments will rise 1 percent to 2 percent this year compared with an earlier forecast of 2 percent in May.

Martin Divisek/Bloomberg

A worker operates in the blast furnace at ArcelorMittal‘s steel plant in Ostrava, Czech Republic. ArcelorMittal, the world’s biggest steelmaker, said shipments of the metal would rise 1 per cent to 2 per cent this year compared with an earlier forecast in May of 2 per cent.