Overcapacity
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China's Export Strategy Causes Global Market Havoc: Report
China's aggressive manufacturing and export strategy under Xi Jinping, driven by the "establish the new before breaking the old" policy, is intensifying global trade tensions.
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Daimler Seeks To Sell French Factory In Production Overhaul
Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France's finance minister to urge the company to reconsider. The move comes as the auto industry faces overcapacity and plunging demand for new cars in Europe. It will also lead Daimler to take a r...
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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
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Tata Steel To Discuss Asset Sale With British Unions: Report
German engineering conglomerate Thyssen Krupp and Tatas have held talks on combining their continental European steel operations, as global overcapacity weighs on prices and profits.
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G20 Officials Vow To Tackle Steel, Industrial Overcapacity
The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday.
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Posco Posts Weak Q2, Sees Long-Term Benefit From China Reforms
South Korean steelmaker POSCO posted a weaker-than-expected quarterly operating profit, but said it was likely to benefit in the longer term as measures to curb overcapacity in top producer China start positively impacting product prices.
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In Talks With Tata Steel About European Plants: Thyssenkrupp
Thyssenkrupp, Germany's biggest steelmaker, confirmed on Sunday that it is in talks with Tata Steel about a consolidation of beleaguered European steel mills that are hit by overcapacity, weak demand and cheap imports.
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Pokemon Go International Release Delayed - Here's Why
The release date for Pokemon Go for Android and iOS in India and other countries has been pushed back. Here's why.
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G7 Countries To Take Steps On Global Steel Glut: Report
The Group of Seven nations will take steps to tackle a global glut in steel that many blame on overcapacity at Chinese producers of the material used in construction and cars, according to a draft text obtained by Reuters.
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Major Steel Producers Fail to Reach Deal on Overcapacity
China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese officials.
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Britain Urges China to Speed Up Steps to Cut Steel Capacity
Britain asked China to tackle overcapacity in its steel industry on Saturday, hoping to stem the flood of cheap imports into Europe which Tata Steel said caused it to pull out of the United Kingdom, putting 15,000 jobs at risk.
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China to Resolve Industrial Overcapacity: Premier Li
China will resolve overcapacity in industry, with a focus on the steel and coal sectors, and appropriately deal with "zombie" companies this year, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament.
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No Relief Seen for Indian Steelmakers Despite Floor Price: Fitch
Slow domestic demand growth and overcapacity will numb the impact on Indian steelmakers from a floor price just imposed on steel product imports to stem inflows from China, Fitch Ratings said on Thursday.
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Western Stock Exchanges Look to China for Market Growth
China offers better growth prospects for stock and derivatives exchanges as making money in mature western markets becomes tougher due to overcapacity, top bourse officials said on Tuesday.
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How Chinese imports are fuelling expansion at top miners
Commodities such as copper and rubber have been commonly used for financing in China, but Beijing's tightening of lending in sectors plagued by overcapacity such as steel has made it harder to secure bank loans, spurring financing demand for iron ore, according to industry sources familiar with the practice.
-
China's Export Strategy Causes Global Market Havoc: Report
China's aggressive manufacturing and export strategy under Xi Jinping, driven by the "establish the new before breaking the old" policy, is intensifying global trade tensions.
-
Daimler Seeks To Sell French Factory In Production Overhaul
Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France's finance minister to urge the company to reconsider. The move comes as the auto industry faces overcapacity and plunging demand for new cars in Europe. It will also lead Daimler to take a r...
-
Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
-
Tata Steel To Discuss Asset Sale With British Unions: Report
German engineering conglomerate Thyssen Krupp and Tatas have held talks on combining their continental European steel operations, as global overcapacity weighs on prices and profits.
-
G20 Officials Vow To Tackle Steel, Industrial Overcapacity
The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday.
-
Posco Posts Weak Q2, Sees Long-Term Benefit From China Reforms
South Korean steelmaker POSCO posted a weaker-than-expected quarterly operating profit, but said it was likely to benefit in the longer term as measures to curb overcapacity in top producer China start positively impacting product prices.
-
In Talks With Tata Steel About European Plants: Thyssenkrupp
Thyssenkrupp, Germany's biggest steelmaker, confirmed on Sunday that it is in talks with Tata Steel about a consolidation of beleaguered European steel mills that are hit by overcapacity, weak demand and cheap imports.
-
Pokemon Go International Release Delayed - Here's Why
The release date for Pokemon Go for Android and iOS in India and other countries has been pushed back. Here's why.
-
G7 Countries To Take Steps On Global Steel Glut: Report
The Group of Seven nations will take steps to tackle a global glut in steel that many blame on overcapacity at Chinese producers of the material used in construction and cars, according to a draft text obtained by Reuters.
-
Major Steel Producers Fail to Reach Deal on Overcapacity
China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese officials.
-
Britain Urges China to Speed Up Steps to Cut Steel Capacity
Britain asked China to tackle overcapacity in its steel industry on Saturday, hoping to stem the flood of cheap imports into Europe which Tata Steel said caused it to pull out of the United Kingdom, putting 15,000 jobs at risk.
-
China to Resolve Industrial Overcapacity: Premier Li
China will resolve overcapacity in industry, with a focus on the steel and coal sectors, and appropriately deal with "zombie" companies this year, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament.
-
No Relief Seen for Indian Steelmakers Despite Floor Price: Fitch
Slow domestic demand growth and overcapacity will numb the impact on Indian steelmakers from a floor price just imposed on steel product imports to stem inflows from China, Fitch Ratings said on Thursday.
-
Western Stock Exchanges Look to China for Market Growth
China offers better growth prospects for stock and derivatives exchanges as making money in mature western markets becomes tougher due to overcapacity, top bourse officials said on Tuesday.
-
How Chinese imports are fuelling expansion at top miners
Commodities such as copper and rubber have been commonly used for financing in China, but Beijing's tightening of lending in sectors plagued by overcapacity such as steel has made it harder to secure bank loans, spurring financing demand for iron ore, according to industry sources familiar with the practice.
