Category: Glut
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Exclusive-US warns against Nippon merger with US Steel, citing China steel glut By Reuters
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Written by Alexandra Alper WASHINGTON (Reuters) – Nippon Steel Corp.’s proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt steel supplies needed for vital transportation, construction and agricultural projects, the United States said in a letter to the companies seen by Reuters. The…
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Blow for farmers as cane prices dip further on market glut
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The national average price of sugarcane delivered to various mills fell further this month, cutting into farmers’ profits but giving relief to consumers through lower retail prices. The Sugarcane Pricing Committee – an independent panel comprising the Agriculture and Food Authority, the Ministry of Agriculture, farmers, millers and sugar producing…