A Chinese private firm, among others, invested in Indonesia in 2009 to secure nickel, crucial for stainless steel and advanced battery production, fostering deeper economic ties between China and Indonesia.
New U.S. Ambassador to South Korea Michelle Steel emphasized the expansion of the US-South Korea alliance into shipbuilding cooperation, citing Seoul's $150 billion investment and specific Korean company projects. She stated strengthening the alliance is her top priority.
New U.S. Ambassador to South Korea Michelle Steel announced her departure for Seoul next week, prioritizing the strengthening of the Seoul-Washington alliance. She will fill a post vacant since January last year and is the second Korean American to serve in the role.
Russia's steel production declined by 3.4% year-on-year to 5.6 million metric tons in June 2026, according to the World Steel Association. Globally, steel output increased by 1.7% to 155.7 million metric tons, with China, India, Japan, and the US showing growth, while the Middle East and South America experienced declines.
A video released by the PLA-affiliated China Military Bugle showcases PHL-191-launched airburst rockets, designed to attack personnel and lightly protected equipment. Analysts suggest this indicates Beijing's potential strategy to disrupt Taiwan's detection, communication, and response capabilities in a conflict before larger operations begin.
MMK Group reported stable steel production at 5.19 million metric tons in H1 2026, matching H1 2025 levels. Pig iron production rose by 2% to 4.6 million tons, and steel product sales increased by 2.1% to 5.02 million tons, driven by semi-finished, long steel, and premium products.
Despite Donald Trump's push to revive US manufacturing, companies like Zion Foodtrucks in Colorado face increased costs from steel and aluminum tariffs and higher fuel prices due to the Iran war, leading to decreased business and tougher competition from Mexican manufacturers.
Fenway Sports Group is negotiating to sell a 30% minority stake in Liverpool FC to a consortium led by Amit Bhatia, backed by Lakshmi Mittal, for an estimated £1.35bn, valuing the club at £4.5bn.
Fenway Sports Group, owner of Liverpool FC, is in negotiations to sell a 30% minority stake to a consortium led by Amit Bhatia and backed by Lakshmi Mittal, with an offer of £1.35bn valuing the club at £4.5bn.
The Trump administration's new tariff threat aims to pressure Canadian provinces to end boycotts of US alcohol. Ontario Premier Doug Ford refuses to lift the ban without US removal of car and steel tariffs, while PM Mark Carney links provincial decisions to an overall trade deal.
Fenway Sports Group, owner of Liverpool FC, is negotiating to sell a significant minority stake in the club to a consortium led by Amit Bhatia and backed by billionaire Lakshmi Mittal, valuing the club at approximately £4.5bn.
As trade tensions with China escalate, EU officials are engaging Beijing to de-escalate while simultaneously preparing for a potential trade war to protect its industries from deindustrialisation. Brussels aims to acquire retaliatory tools to counter coercive trade practices.
Die britische Regierung hat das Primärstahlwerk von British Steel verstaatlicht, das zuvor dem chinesischen Konzern Jingye Steel gehörte. Jingye und die chinesische Regierung kritisieren das Vorgehen scharf, drohen mit rechtlichen Schritten und fordern Entschädigung für Investmentverluste.
Nach der Verstaatlichung des britischen Stahlwerks British Steel durch die Regierung droht der chinesische Ex-Eigentümer Jingye Steel mit rechtlichen Schritten und fordert Entschädigung. Peking kritisiert das Vorgehen als schädlich für das Investitionsklima.
Chinese firm Jingye Group is demanding compensation from the UK government for investment losses following the nationalisation of British Steel, stating the move damaged credibility and international investment rules. Jingye has initiated negotiation procedures and reserves the right to international arbitration.
China condemned the UK's nationalization of British Steel, expressing strong dissatisfaction and warning it damaged Chinese companies' investment confidence. The UK government took operational control of the Scunthorpe plant to protect jobs and national capability after owner Jingye considered closing blast furnaces.
New Zealander Ryan Fox won the British Open at Royal Birkdale, securing the Claret Jug by one shot over American Cameron Young with a dramatic 12-foot birdie putt on the final hole. His victory came as rivals faltered, marking his first major title.
The UK government nationalized British Steel, previously owned by China's Jingye Group, 15 months after intervening to prevent its closure. China's Ministry of Commerce expressed strong dissatisfaction, stating the move severely undermines Chinese companies' confidence in UK investment and threatens legal action.
China's commerce ministry expressed strong dissatisfaction with the UK government's nationalisation of British Steel, calling it an infringement on Jingye Group's rights and a breach of the China-UK Bilateral Investment Treaty. The UK cited job protection, national capability, and taxpayer value for the move.
British Steel's Scunthorpe plant, employing 2,700 people, has been taken into public ownership by the UK government after years of financial losses and a threat of closure by China's Jingye Group. The move aims to protect jobs and the UK's virgin steel production capability, despite China's opposition and Jingye seeking compensation.
Jingye Group demands compensation from the UK government, calling the nationalization of its subsidiary, British Steel, "outright robbery" and threatening legal action. The UK government took control citing national security, strategic steel supplies, and job protection, with an independent valuer now assessing compensation.
China's Jingye Group, former owner of British Steel, announced it will pursue full compensation from the UK government through legal means after the Scunthorpe steelworks was fully nationalised. The move has strained UK-China relations, with Beijing expressing strong dissatisfaction.
The UK government has nationalised British Steel to protect 2,700 jobs in Scunthorpe and maintain the UK's last primary steel production capability, amid significant daily losses and uncertainty over its future.
China's Ministry of Foreign Affairs will closely monitor the UK's nationalisation of British Steel, previously owned by China's Jingye Steel, citing concerns over investor confidence and compensation.
