Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55354994
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Reuters photo shows steel workers

EU Sets Duties on Iran, Russia Steel

by Asharq Al-Awsat | Oct 7, 2017 | Business

London- The European Union has decided to set duties on hot-rolled steel from four countries, including Iran and Russia, as Germany invited ministers and senior officials from leading steel producing states to a meeting in Berlin on Nov. 30 to discuss overcapacity in...

Media ID: 55381072
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A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, China, October 24, 2015. REUTERS/Jason Lee

IMF Urges China to Push Harder for More Steel, Coal Capacity Cuts

by Asharq Al-Awsat English | Aug 15, 2017 | Business

The International Monetary Fund (IMF) on Tuesday urged China to push for more ambitious targets for its coal and steel industries to cut excess production capacity as Beijing bids to steps up economic reforms. According to Reuters, a total of 140 million tonnes of...

Media ID: 55354994
Caption:

Reuters photo shows steel workers

G20 Ministers Urge Tighter Tax Rules for Multinationals, Vow to Tackle Overcapacity

by Asharq Al-Awsat English | Jul 23, 2016 | Business

The world’s top economies need to deepen cooperation on tax collection as companies seek to minimize the amount they pay to governments, finance ministers said Saturday as they vowed to work to tackle excess production capacity in steel and some other...

Media ID: 55354118
Caption:

A villager is pictured as she selects coal at local businessman Sun Meng’s small coal depot near a coal mine of the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, China, October 23, 2015. Reuters

China: State-run Steel, Coal Firms to Cut 10 Percent of Capacity

by Asharq Al-Awsat | Jul 9, 2016 | Business

Shanghai-China’s central-government run steel and coal firms will cut capacity by around 10 percent in the coming two years, and by 15 percent by 2020, as part of their efforts to tackle gluts in the sectors, the state asset regulator said on Friday. The...