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UK will help reduce electricity costs in energy-intensive sectors
The UK will help reduce electricity costs in energy-intensive sectors from next year to ensure that industries, including the steel sector, remain internationally competitive. The proposal, which will be discussed in the spring, will exempt companies from certain...
India ready to sign agreement with UAE, Nigeria and Malaysia for use of rupees in bilateral trade
Sources close to the Indian government said negotiations with the United Arab Emirates (UAE), Malaysia and Nigeria for bilateral trade in Indian rupees are making progress and a memorandum of understanding is expected to be signed no earlier than next month. A team of...
Crude steel: CISA mills’ production up 1.49% in mid-February
The China Iron and Steel Association (CISA) announced that the average daily crude steel production of all CISA member companies was 2.09 million tonnes in mid-February (11-20 February) this year, an increase of 1.49% compared to the end of February (1-10 February)....
Nickel: March 20 trading will resume in Asian hours
The London Metal Exchange (LME) will reopen nickel trading during Asian trading hours from 20 March, in a move that is likely to provide a major boost to liquidity in the market that has struggled to recover since last year's crisis. The LME halted trading for a week...