Steel Strip

As predicted, the MEPS- Global Carbon Steel price moved up by over 1 percent in July. Higher input costs forced local producers to implement advances in domestic selling figures, with varying success across the three regions and products researched. Strip mill categories recorded the largest gains. Inventory adjustment is almost complete, with some shortages developing. [...]

The Indian owner of Jaguar Land Rover has told the UK government it no longer needs support for the carmaker, after obtaining private funding.
Tata said it had secured some direct bank loans, as well as guarantees that would allow it access to a £340m European Investment Bank loan.
Government funding had been offered but did [...]

China has formally arrested and charged four employees of mining firm Rio Tinto with stealing trade secrets and taking bribes, Chinese state media reports.
The accused are Australian national Stern Hu and three Chinese employees of the Anglo-Australian company.
The four have been in police custody in Shanghai since early July. Rio Tinto denies any wrongdoing. [...]