 | IN BRIEF (Page 14)
Market rebounds Chinese stocks rebounded more than 2 percent yesterday in response to signs that authorities are determined to support the market.
[China Daily] |
| Steel makers want benefits to go to consumers
Press Trust of India NEW DELHI, May 9: Leadingsteel producers have told the government that ensuring price discipline by secondary producers is a difficult exercise and an appropriate mechanism needs to be set up to ensure that the benefit of lower prices is passed on to consumers.
[The Statesman (India)] |
| Essar's US trophy Esmark in legal tangle with ArcelorMittal
New Delhi, May 9 Domestic conglomerate Essar's latest US possession - Esmark - is caught in a legal tangle with global steel giant ArcelorMittal, which is seeking over Rs 2,000 crore in damages for defaulting on a billion-dollar deal.
[Press Trust of India] |
| BRIEFING - ASIA ECONOMIC NEWS - MAY 9, 2008
An executive briefing on the economies of Asia for May 9, 2008, prepared by Asia Pulse , the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
[Asia Pulse Businesswire] |
| Price cut must reach consumers
NEW DELHI: Though government is asking the biggies in steel and cement sectors to cut prices, there are doubts over its effectiveness as the small players might not follow this diktat.
[The Times of India] |
| Secondary steel makers cut prices by Rs 4,000/tonne
: Secondary steel firms, including Mumbai-based Shree Precoated, Uttam Galva and Delhi-based Bhushan Steel, have decided to roll back prices of cold-rolled coils , galvanised sheets and colour-coated sheets by Rs 4,000/tonne with immediate effect.
[The Economic Times (India)] |
| Steel industry must make optimum use of raw materials, says expert
Experts on steel feel that every ounce of raw materials such as iron ore, coal and manganese, whose prices are touching all-time highs, should be made proper use of.
[Financial Express] |
| Local firms splurge on lobbying: Millions in revenue can be at stake in winning congressional favor
May 9--Charlotte-based Goodrich relies on U.S. defense and aerospace spending for a quarter of its sales.
[Charlotte Observer, The (NC) (KRT)] |
| BRIEFING - ASIA INFRASTRUCTURE - MAY 9, 2008
** NOTE: TRUNCATED STORY ** An executive briefing on infrastructure for May 9, 2008, prepared by Asia Pulse , the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
[Asia Pulse Businesswire] |
| EU LAUNCHES ANTI-DUMPING PROBE AGAINST CHINESE WIRE ROD
BRUSSELS, May 9 Asia Pulse - The European Commission launched Thursday an anti-dumping probe against wire rod from China, Moldova and Turkey, opening the fourth case targeting Chinese steel products in five months.
[Asia Pulse Businesswire] |
| ArcelorMittal alleges Esmark breached contract to buy Sparrows Point steel mill in US
BALTIMORE_ArcelorMittal, the world's largest steelmaker, has filed a lawsuit against steelmaker Esmark over the aborted sale of a steel mill near Baltimore.
[Associated Press WorldStream] |
| STEEL PRODUCT PRICE TO STAY HIGH IN CHINA
BEIJING, May 9 Asia Pulse - China's price of steel products is predicted to maintain the growing momentum in the coming period of time.
[Asia Pulse Businesswire] |
| President picks up green ideas
KAWASAKI, Japan: President Hu Jintao on Friday visited a bottle-recycling factory at a green industrial zone in Kawasaki, a city once known for its heavy pollution.
[China Daily] |
| Steelmakers for passing on benefits of price cut to consumers
New Delhi, May 9 Leading steel producers have told the government that ensuring price discipline by secondary producers is a difficult exercise and an appropriate mechanism needs to be set up to ensure that the benefit of lower prices is passed on to consumers.
[Press Trust of India] |
| EU probes Chinese, Turkish wire rod
The European Union threatened to tax wire rod from China, Turkey and Moldova to help EU producers such as Corus Group compete against cheaper imports, opening the fourth probe that targets Chinese steel in five months.
[Turkish Daily News] |
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