Steel Industry News
-
ArcelorMittal, the world’s biggest steelmaker, posted first-quarter earnings that beat analyst estimates and forecast higher profit in the second three months of the year.
-
The European Union imposed tariffs as high as 27.8 percent on stainless-steel wires from India, saying EU producers such as Ugitech SA of France have been hurt by Indian subsidies and price undercutting.
-
GDF Suez SA Chief Executive Officer Gerard Mestrallet said the idling of gas-fired power plants in Europe has created a crisis on a greater scale than one that saw uncompetitive steel plants shutter.
-
EON SE, Germany’s biggest power generator, used the most United Nations offsets to cover carbon- dioxide emissions last year, overtaking steelmaker ArcelorMittal, data on the European Commission website show.
-
When Argentina canceled its double- taxation treaty with Spain last year, it had a lot to do with a billionaire named Paolo Rocca, the world’s 105th-richest man.
-
A group of industrial copper users is pressing the London Metal Exchange to reduce growing queues at warehouses that they say are contributing to supply constraints and rising fees.
-
London Metal Exchange rules governing the release of stockpiles are creating shortages and raising prices for consumers at a time of abundant supply, the European steel industry’s lobby group said.
-
Russian stocks climbed for a third day as crude oil advanced and foreign economic data beat estimates, spurring appetite for equities in the world’s biggest energy exporter.
-
The daughter of jailed Egyptian businessman Ahmed Ezz said her father is rejecting offers for his steel company after courts under the new Islamist government fined him $3.8 billion and sentenced him to 44 years in prison.
-
Mexico’s auto production has almost doubled since 2009. Now its steel industry is trying to catch up by spending almost $3 billion on new and improved factories.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page