Tag: steel
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China firm seeks damages over state control of British Steel
The UK government took over British Steel last year to prevent the closure of the country’s last primary steelmaking facility. China’s Jingye Group, which bought the firm in 2020, claims it is owed compensation.
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China hits out at British Steel nationalisation
The UK government said taking the firm into public hands would safeguard “a vital national capability”.
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Nippon Steel ‘not yet satisfied’ with US Steel reforms, Nikkei reports
June 18 : Nippon Steel has seen positive results from efforts to improve operations at U.S. Steel, one year after its acquisition, but is not yet satisfied with the pace of reforms, the Nikkei newspaper reported on Thursday, citing the steelmaker’s vice chairman and executive vice president.”We’re seeing impr
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Nippon Steel sees strong American market lifting US Steel earnings
TOKYO, June 18 : Nippon Steel, the world’s No. 3 steelmaker, expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S. Steel beyond current forecasts, Vice Chairman Takahiro Mori said.”We are confident that U.S. Steel will be able to po
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South Korea expects favourable outcome after Lee’s EU steel request
SEOUL, June 11 : The European Union said it would give maximum consideration to South Korea’s request for favourable treatment of its steelmakers under the bloc’s new import regime, a senior South Korean presidential adviser said on Thursday. South Korean President Lee Jae Myung made the request during a meet
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South Korea presses EU for fair treatment on new steel import duties
SEOUL, June 11 : South Korean President Lee Jae Myung asked the European Union to give Korean steel makers “favorable consideration” as the bloc gets set to raise import tariffs on July 1, his office said on Thursday. Lee made the request during a summit with European Council President Antonio Costa and Europ
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Global steel crisis deepens as oversupply grows, OECD warns
The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.
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Watch: Man attacked by bear at steel works in Japan
The bear, which injured four people in the attack on Tuesday, remains on the loose within the factory compound.
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