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Tata Steel cuts 800 jobs in the Netherlands
The Dutch division of Tata Steel said on Monday it would cut about 800 jobs at its IJmuiden plant in a bid to increase profitability. Tata currently employs about 9,200 people in IJmuiden, on the Dutch coast about 30 km (19 miles) west of Amsterdam. "Despite Tata...
Carbon tax: the UK will introduce it in 2026
According to a report in the Financial Times, UK Chancellor of the Exchequer Jeremy Hunt said that Britain intends to introduce a tax on imports of carbon-intensive products (carbon tax) from 2026 to protect local sectors from unfair competition from regions with...
Steel: imports negatively affect production in Latin America
Steel imports, especially from China, are having a negative impact on steel production in Latin America, despite an increase in local consumption of flat products, the Latin American steel association Alacero said at a meeting in São Paulo last week. According to...
Copper: Peru’s production increased by 2.5% in September
Copper production in Peru rose 2.5% year-on-year in September, the Ministry of Energy and Mines of the Andean country, the world's second-largest copper producer, said on Friday, with monthly output reaching 235,178 tonnes. The increase was driven by higher production...