China Accuses Rio Tinto of Deceit – Wall Street Journal

SHANGHAI — A Chinese state-secrecy watchdog accused miner Rio Tinto PLC of using “deceit” for six years to illegally obtain information that resulted in the nation&os;s steelmakers being overcharged more than $100 billion for iron ore, in a possible …

Market Currents – Seekingalpha.com

Just saw the story on the wall street journal: “The amount appears to reflect how benchmark prices set by Rio Tinto in negotiations with Chinese steelmakers are used throughout the steel industry. The figure of $100 billion far exceeds what Rio Tinto

Brazil Stocks Open At New 12-Mo High On Economic Data – Wall Street Journal

Brazil Stocks Open At New 12-Mo High On Economic Data
Wall Street Journal
Fixed-phone company Tele Norte Leste SA (TNE), or Oi, rose 0.86% to BRL29.35. Southern steel maker Gerdau (GGB) advanced 1.54% to BRL22.39 while Minas

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China Shares End Down Sharply On Tighter Policy Concerns – Wall Street Journal


New York Times
China Shares End Down Sharply On Tighter Policy Concerns
Wall Street Journal
Steel makers were among the biggest decliners Friday because of falling steel futures. Baoshan Iron & Steel fell 3.5% to CNY8.76 and Wuhan Iron & Steel
China shares fall on credit contraction fearsForbes
PRESS DIGEST – China – Aug 6Reuters
China's amazing new bullet trainCNNMoney.com
Bloomberg
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India May Sell Stake in More State-Run Steel Firms – Wall Street Journal

India May Sell Stake in More State-Run Steel Firms
Wall Street Journal
NEW DELHI — India's steel ministry, which plans to sell part of the stakes held by the government in two state-run companies,
Govt considering iron ore export curb – Steel MinReuters India
NMDC plans to expand sponge iron capacitySify
Indian Steel Ministry proposes partial sale of NMDCSteel Business Briefing (subscription)

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