Reuters reported that credit controls imposed on China’s debt ridden steel sector have left many producers unable to afford upgrades needed to survive the country’s war on pollution and 80 million tonnes of capacity could shut in two years. Mr Zhao Xizi chairman of the All China Chamber of Commerce for Small and Medium Sized…
Read more »The United States has brought first-of-its kind cyber-espionage charges against five Chinese military officials accused of hacking into U.S. companies to gain trade secrets. According to the indictment, hackers targeted the U.S. nuclear power, metals and solar products industries and are accused of stealing trade secrets and economic espionage. Among the alleged victims is U.S….
Read more »As new models of high-performance, innovative and more efficient American cars debut at auto shows across the country, the future of the U.S. auto industry looks bright. Yet the companies developing these next-generation vehicles are increasingly concerned about their ability to procure the materials vital to every car on the road: minerals. From iron used…
Read more »Following a dip in February, when many parts of the United States were still suffering the impact of a harsh winter, exports responded well to the milder weather that followed, surging 15 percent in March. This increase put the monthly export total at more than 1 million tons for the first time since October. Canada,…
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