steel http://www.globalpost.com/taxonomy/term/24458/all en Canada to maintain steel anti-dumping duties on China http://www.globalpost.com/dispatch/news/thomson-reuters/130108/canada-maintain-steel-anti-dumping-duties-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>OTTAWA, Jan 8 (Reuters) - Canada will maintain anti-dumping duties on hot-rolled carbon steel plate from China on the grounds that cheap imports could harm Canadian firms, Ottawa said on Tuesday.</p> <p>The Canadian International Trade Tribunal - which first imposed the duties in 1997 and extended them in 2003 and again in 2008 - said it had acted after carrying out a review.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/canada-maintain-steel-anti-dumping-duties-china" target="_blank">read more</a></p> Building materials Business China International trade steel Thomson Reuters Tue, 08 Jan 2013 18:30:25 +0000 5731749 at http://www.globalpost.com China steel industry says profits plunge http://www.globalpost.com/dispatch/news/afp/130201/china-steel-industry-says-profits-plunge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The combined profits of China's major steelmakers crashed by more than 98 percent in 2012 as growth in the economy of the world's largest steel producer slowed, an industry group said.</p> <p>After-tax profits of more than 80 steelmakers reached around 1.58 billion yuan ($251 million) last year, the China Iron and Steel Association said in a statement on its website on Thursday.</p> <p>It attributed the fall to China's economic downtrend, which cut demand and caused prices to drop.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/china-steel-industry-says-profits-plunge" target="_blank">read more</a></p> Business China Iron and Steel Association Economy of the People's Republic of China steel Technology World Steel Association AFP Fri, 01 Feb 2013 05:15:03 +0000 5742552 at http://www.globalpost.com ThyssenKrupp cuts back European steel division http://www.globalpost.com/dispatch/news/afp/130208/thyssenkrupp-cuts-back-european-steel-division <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German heavy industry giant ThyssenKrupp unveiled plans on Friday to axe more than seven percent of the workforce at its Steel Europe division to make the business more competitive.</p> <p>ThyssenKrupp said in a statement it would axe "more than 2,000 jobs" out a total workforce of 27,600 at its Steel Europe division in a 500-million-euro ($671-million) cost-cutting drive.</p> <p>"Overall, the workforce of Steel Europe will be cut by more than 2,000 from around 27,600 at present as part of an optimisation programme," the statement said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/thyssenkrupp-cuts-back-european-steel-division" target="_blank">read more</a></p> Business Economy of Germany Germany Labor steel Thyssen ThyssenKrupp AFP Fri, 08 Feb 2013 11:46:16 +0000 5749923 at http://www.globalpost.com New rules may ease China pollution, won't solve steel overcapacity http://www.globalpost.com/dispatch/news/thomson-reuters/130310/new-rules-may-ease-china-pollution-wont-solve-steel-overcapacit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* China to impose "special restrictions" on steel mills</p> <p>* Moves likely to increase mills' operating costs</p> <p>* Unlikely to aid steel sector restructuring, consolidation</p> <p>By David Stanway and Ruby Lian</p> <p>BEIJING, March 11 (Reuters) - New rules aimed at making China's sprawling steel sector greener will do little to tackle rampant overcapacity or help Beijing protect its big state-owned mills from smaller, nimbler rivals.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130310/new-rules-may-ease-china-pollution-wont-solve-steel-overcapacit" target="_blank">read more</a></p> Business Environment in the People's Republic of China Environment of the People's Republic of China Human Interest steel Steelmaking Thomson Reuters Sun, 10 Mar 2013 21:30:23 +0000 5779146 at http://www.globalpost.com Romania protest over layoffs at Russian-owned steel plants http://www.globalpost.com/dispatch/news/afp/130315/romania-protest-over-layoffs-at-russian-owned-steel-plants <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hundreds of workers protested across Romania on Friday fearing a wave of lay-offs at steel plants sold last month by <a href="http://www.globalpost.com/internal/section-config/russia">Russian</a> giant Mechel to an obscure trading company.</p> <p>"We are desperate. We are calling on the government to organise a meeting with the new owner to save our jobs", Constantin Iarca, the union representative at a steel rolling mill in Braila told AFP.</p> <p>Around 200 out of the plant's 380 workers protested Friday in the centre of Braila, a city in eastern Romania.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130315/romania-protest-over-layoffs-at-russian-owned-steel-plants" target="_blank">read more</a></p> AGERPRES Business Europe Labor Law Mechel steel AFP Fri, 15 Mar 2013 18:16:44 +0000 5784790 at http://www.globalpost.com EU aims to revive struggling steel industry http://www.globalpost.com/dispatch/news/afp/130611/eu-aims-revive-struggling-steel-industry <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Commission launched an 'action plan' Tuesday to revive a struggling EU steel industry hit by falling demand, rising costs and fierce competition from China and other emerging economies.</p> <p>The challenges are daunting -- the steel market has slumped, jobs are being lost and there is such massive overcapacity it would take up to seven years to bring supply and demand back into balance, the Commission said.</p> <p>But the industry still has a future as a major engine for growth and employment if it can build on its strengths, EU Industry Commissioner Antonio Tajani said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130611/eu-aims-revive-struggling-steel-industry" target="_blank">read more</a></p> Antonio Tajani Business European Union European Union Political philosophy steel AFP Tue, 11 Jun 2013 17:32:47 +0000 5855440 at http://www.globalpost.com German steel sector lowers 2013 output forecast http://www.globalpost.com/dispatch/news/afp/130809/german-steel-sector-lowers-2013-output-forecast <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Germany, Europe's biggest crude steel maker, is set to produce less this year than in 2012 amid a struggling world market, its steel federation announced on Friday, lowering its forecast.</p> <p>Steel production is expected "in all probability" to fall one percent in 2013 from last year, to 42.2 million tonnes, the WVS federation said.</p> <p>That figure is slightly below its earlier forecast of 43 million tonnes announced at the start of the year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130809/german-steel-sector-lowers-2013-output-forecast" target="_blank">read more</a></p> Salzgitter steel AFP Fri, 09 Aug 2013 11:51:21 +0000 5906188 at http://www.globalpost.com Global steel output up in July on U.S., Chinese increases http://www.globalpost.com/dispatch/news/thomson-reuters/130820/global-steel-output-july-us-chinese-increases <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Global crude steel production rose in July as a recent price upturn helped boost output in top producer China and in the United States, while suffering European steelmakers continued to curb volumes.</p> <p>World production rose 2.7 percent to 132 million tonnes in July from the same month a year ago, figures from industry body the World Steel Association showed on Tuesday.</p> <p>A recent rise in steel prices has encouraged an increase in production, even while overcapacity continues to afflict the sector.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130820/global-steel-output-july-us-chinese-increases" target="_blank">read more</a></p> steel Thomson Reuters Tue, 20 Aug 2013 16:46:05 +0000 5913836 at http://www.globalpost.com China orders local leaders to reduce excess capacity in steel, cement, other industries http://www.globalpost.com/dispatch/news/the-canadian-press/131105/china-orders-local-leaders-reduce-excess-capacity-steel-ceme <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BEIJING, China - Chinese leaders have ordered local officials to stop expanding industries such as steel and cement in which supply outstrips demand, a Cabinet statement said Tuesday, in a sign previous orders to cut overcapacity were ignored.</p> <p>Beijing has been trying since 2009 to cut excess production capacity, which has triggered price-cutting wars that threaten the financial health of some industries. But lower-level leaders whose promotions depend on economic development have continued to support local industries.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131105/china-orders-local-leaders-reduce-excess-capacity-steel-ceme" target="_blank">read more</a></p> Beijing Business North China Plain steel Technology The Canadian Press Tue, 05 Nov 2013 05:33:25 +0000 5980079 at http://www.globalpost.com Meager China steel profits in 2014: Moody's http://www.globalpost.com/dispatch/news/xinhua-news-agency/131211/meager-china-steel-profits-2014-moodys <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Xinhua News Agency </div> </div> </div> <!--paging_filter--><p>BEIJING, Dec. 11 (Xinhua) -- Profitability of Chinese steel companies will remain thin in 2014 as it takes time to reduce supply to a level more in line with demand, rating agency Moody's Investors Services said Wednesday in an industry report.</p> <p>China is the world's biggest steel consumer and producer and in recent years, the iron and steel sector has been pummeled by weak demand, falling prices and suffered greatly from overcapacity.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Xinhua News Agency.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/xinhua-news-agency/131211/meager-china-steel-profits-2014-moodys" target="_blank">read more</a></p> Business China Political philosophy Republics steel Xinhua News Agency Wed, 11 Dec 2013 08:17:14 +0000 6016643 at http://www.globalpost.com S. Korea's steel export falls this year http://www.globalpost.com/dispatch/news/yonhap-news-agency/131225/s-koreas-steel-export-falls-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, Dec. 25 (Yonhap) -- South Korea's exports of steel products fell for the first time in four years in 2013, a steel association said Wednesday, due mainly to the prolonged slowdown in the global economy.</p> <p>Local steelmakers exported 29.2 million tons of steel-related products this year, down 4.3 percent from 30.5 million tons tallied a year earlier, according to the Korea Iron and Steel Association (KOSA).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131225/s-koreas-steel-export-falls-year" target="_blank">read more</a></p> Berkshire Hathaway Business Chaebol North Gyeongsang Province steel Yonhap News Agency Wed, 25 Dec 2013 06:17:28 +0000 6028810 at http://www.globalpost.com Indian government grants environment clearance to Posco's steel plant http://www.globalpost.com/dispatch/news/the-canadian-press/140110/indian-government-grants-environment-clearance-poscos-steel- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW DELHI - India's environment ministry has cleared South Korean steel giant Posco's planned $13 billion steel plant in eastern India but has asked the company to spend more on social welfare, an official said Friday.</p> <p>The clearance was given a few days ago and will allow Posco to go ahead with the massive plant in Odisha state, the official said. He was speaking on condition of anonymity as he was not authorized to speak to the media. He did not give further details.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140110/indian-government-grants-environment-clearance-poscos-steel-" target="_blank">read more</a></p> Berkshire Hathaway Chaebol Disaster Environment North Gyeongsang Province steel The Canadian Press Fri, 10 Jan 2014 12:18:10 +0000 6039762 at http://www.globalpost.com EU parliament backs steel industry revival plan http://www.globalpost.com/dispatch/news/thomson-reuters/140204/eu-parliament-backs-steel-industry-revival-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - The European Parliament on Tuesday passed a resolution backing a plan to revive the bloc's steel industry, calling on the European Commission and member states to adopt "economically feasible" climate and energy targets.</p> <p>The resolution comes just two weeks after the Commission scaled down its 2030 climate and energy targets and underlines a new sense of pragmatism in Brussels at a when European growth is slow.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140204/eu-parliament-backs-steel-industry-revival-plan" target="_blank">read more</a></p> Business Climate change Climate change policy European Union steel Thomson Reuters Tue, 04 Feb 2014 18:05:00 +0000 6061366 at http://www.globalpost.com Silencing China's zombie steel mills no solution for smog http://www.globalpost.com/dispatch/news/thomson-reuters/140224/silencing-chinas-zombie-steel-mills-no-solution-smog <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By David Stanway</p> <p>TANGSHAN, China (Reuters) - Reforming the bloated steel sector in northern China's Hebei province is a key part of Beijing's efforts to cut air pollution - but it is the market, not the government, that is doing most of the work.</p> <p>That undermines state media claims that the government is going the extra mile to clean up Hebei, China's biggest steel producer and home to seven of the 10 most polluted cities in the country, environmentalists and industry experts said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140224/silencing-chinas-zombie-steel-mills-no-solution-smog" target="_blank">read more</a></p> Business Hebei Labor Law North China Plain steel Tangshan Thomson Reuters Mon, 24 Feb 2014 06:32:07 +0000 6079156 at http://www.globalpost.com Japan's crude steel output expected to fall 3.8% in April-June http://www.globalpost.com/dispatch/news/kyodo-news-international/140402/japans-crude-steel-output-expected-fall-38-april-june <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japan's crude steel production in the current April-June quarter is expected to fall 3.8 percent from a year earlier to 27.01 million tons, due to the end of brisk demand for vehicles and appliances ahead of the April 1 consumption tax hike, government data showed Wednesday.</p> <p> That would be the first year-on-year decline since the October-December period of 2012. Output is also projected to fall 1.2 percent from the preceding January-March quarter.</p> <p> However, production is expected to increase in the July-September quarter.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140402/japans-crude-steel-output-expected-fall-38-april-june" target="_blank">read more</a></p> Economy of the Arab League steel Kyodo News International Wed, 02 Apr 2014 12:56:19 +0000 6111507 at http://www.globalpost.com