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Category Steel

Lakshmi Mittal plans to leave UK amid Labour tax shake-up: a turning point for the super-rich?

Lakshmi Mittal plans to leave UK amid Labour tax shake-up: a turning point for the super-rich?

Indian-born steel magnate Lakshmi Mittal is preparing to leave the UK after nearly three decades, becoming the latest high-profile billionaire to d...
BHP drops $60B Anglo American bid to focus on organic growth

BHP drops $60B Anglo American bid to focus on organic growth

On Monday, investors urged BHP to drop its pursuit of Anglo American and instead focus on its established growth strategy.  This advice comes after...
Copper falls as weak Chinese real estate overrides production slowdown

Copper falls as weak Chinese real estate overrides production slowdown

The copper rally fizzled out quickly after the metal briefly soared past $11,000 per ton, as disappointing economic figures from China and the part...
Argentina suspends export taxes on aluminum and steel to boost exports

Argentina suspends export taxes on aluminum and steel to boost exports

Argentina’s government suspended export taxes on aluminium, steel, and their derivatives on Wednesday, a move aimed at boosting competitiveness in ...
EU steel tariff surge threatens UK exports and auto supply chains

EU steel tariff surge threatens UK exports and auto supply chains

The European Union’s decision to slash duty-free steel quotas and double tariffs on excess imports to 50% has triggered alarm among British steelma...