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DUISBURG, Germany (Reuters) -German Social Democrat (SPD) candidate for chancellor Olaf Scholz promised on Thursday to help the steel industry convert to climate-friendly production if his party, clinging to a narrow lead in polls, wins Sunday's federal election.
KUALA LUMPUR: Lion Industries Corp Bhd’s hot-rolled coil plant in Banting, Selangor, is expected to commence production in December.
SHANGHAI: China will crack down on the hoarding and speculation of commodities while ensuring supplies and prices are stable, in a move to tame price volatility seen in recent months, said China’s Ministry of Industry and Information Technology.
THERE'S rarely been a better time to be in the steel business.
YANGON (Reuters): A military plane crashed on Thursday (June 10) near Myanmar's second-biggest city of Mandalay, killing 12 people, the city's fire service said in a post on social media.
DUBAI (Reuters) - A fire broke out after an explosion at a steel plant in southeastern Iran, but an official said the blaze was brought under control and there was no immediate report of casualties, semi-official Iranian news agencies said on Sunday.
Earnings at China's industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing.
The government will show "zero tolerance” for monopolies in spot and futures markets, and for speculation and hoarding, the National Development and Reform Commission said.