Topic: Materials Sector
POSCO breaks ground for steel plant in India
AFP South Asian Edition
South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods. The world's fourth largest steelmaker said it would spend about 240 million dollars to build the plant with an annual capacity ...
Australia urges China to keep out of iron ore talks
AFP Global Edition
Australia on Monday urged China stay out of difficult iron ore price negotiations with global mining giants after steel mills lobbied Beijing to intervene. Trade Minister Simon Crean gave assurances Australia would also keep away from the fraught process in which steelmakers aim to strike annual contracts with Anglo-Australian firms ...
China says market forces ended Chinalco deal: report
AFP Global Edition
China said market forces were behind the failure of what would have been its biggest foreign investment deal, an Australian newspaper said Monday. Chinalco's 19.5 billion US dollar cash injection into Anglo-Australian miner Rio Tinto collapsed last June, with Rio choosing instead to pursue a rights issue and ...
Australia tells Beijing to stay out of iron ore talks
Reuters US Online Report Business News
SYDNEY (Reuters) - China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as the mills struggle to pin back soaring raw material prices. Any overt efforts by Beijing to influence iron ore prices would likely deal ...
Related Videos by 5min
on OneRiot
Related Photos by Flickr
