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Top News In நிலக்கரி தரநிலை சர்வதேச வர்த்தகம் வகைப்பாடு Today - Breaking & Trending Today

China ferrous prices drop as steel hub Tangshan cautions mills on irregularities

By Reuters Staff
2 Min Read
BEIJING, May 14 (Reuters) - Chinese ferrous futures extended losses on Friday, with steel prices plunging after top producer Tangshan city warned mills to maintain market order, while iron ore is set to give up a weekly gain.
The local government said it would look into illegal behaviours and suspend business at mills found manipulating market prices, spreading rumours or storing up goods to make a good bargain, as the growth in steel prices has outpaced the rise in costs. (bit.ly/33FXWV0)
The most-traded steel rebar on the Shanghai Futures Exchange , for October delivery, fell 6.0% to 5,640 yuan ($875.03) a tonne as of 0330 GMT. ....

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Cop26 summit 'last hope' to limit global warming, says Alok Sharma

Cop26 summit last hope to limit global warming, says Alok Sharma
President-delegate wants countries to end coal power generation
The November climate change summit will seek a global pledge to reduce emissions
Credit: Getty Images
The international climate change summit Cop26 is the last hope to limit global warming to 1.5C, its president-designate will say on Friday.
Alok Sharma will call for countries to follow in the UK’s path by ending their coal power generation during a speech in Glasgow, where the UN summit is due to take place in six months.
He will say that the summit “is our last hope of keeping 1.5 degrees alive. Our best chance of building a brighter future.” ....

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Column: Rising U.S. gas prices will encourage more coal burning: Kemp

4 Min Read
LONDON (Reuters) - U.S. natural gas prices have surged after last year’s slump, which will limit gas consumption over the summer by electricity generators and encourage a switch to more coal combustion.
FILE PHOTO: A leaf sits on top of a pile of coal in Youngstown, Ohio, U.S., September 30, 2020. REUTERS/Shannon Stapleton//File Photo
Compared with a year ago, front-month futures prices for gas delivered at Henry Hub have risen to $3.00 per million British thermal units, an increase of almost 80%.
Gas has again become more expensive than coal, after adjusting for efficiency differences, encouraging power producers to run gas-fired units for fewer hours and leave more of the market for coal-fired alternatives. ....

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How big is Bitcoin's carbon footprint? - The Globe and Mail

How big is Bitcoin's carbon footprint? - The Globe and Mail
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Column: China will have to do more if it wants to cool iron ore surge - Russell

If China wants to temper the red-hot iron ore and steel sectors it's likely going to have to do more than just talk and tinker around the margins. ....

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