Archive for September 27th, 2006
FT.com - Corus climbs after talk of tie-up with emerging market steelmaker
Anglo-Dutch group Corus was in demand yesterday as rumours of a link-up with an emerging markets steel producer continued to swirl around.
Corus has made no secret of its desire to join forces with a low-cost producer of steel slabs from one of the Bric countries (Brazil, Russia, India and China).
At a recent investor lunch, Corus [...]
Posted: September 27th, 2006 under Steel International.
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Impact of Chinese export rebate likely to be minimal
China’s announcement of a cut in its tax rebate for steel exports appears to be more a symbolic gesture than a real effort to rein back the tonnages being sold abroad. It will do little to threaten China’s position as a substantial net exporter of steel.
Indeed, in the short term the move may accelerate export [...]
Posted: September 27th, 2006 under Steel International, Steel News.
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