Newsletter May 2021
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May 30, 2021
Egyptian Iron and Steel announces the schedule for completing the liquidation works
The Egyptian Iron and Steel Company announced the schedule for appointing the liquidator or liquidators for the company, and the date for the completion of the liquidation works. The company said in a statement to the Egyptian Stock Exchange that the liquidator is expected to be appointed immediately on Monday, May 31, 2021, and the …
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Covid Outbreak Partly Closes One of China’s Busiest Ports
An outbreak of Covid-19 has partly closed one of the world’s busiest ports, a shutdown that may add to the already record cost of shipping goods out of China. Yantian Port in the export and industrial hub of Shenzhen in southern China will not accept any containers for export until Sunday May 30, according to …
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China’s steel industry is seeking to reduce carbon emissions despite increased production
Forging ahead toward a greener future, China is ever more committed to transforming the steel industry into a low carbon-emitting one amid its long-term green pledges. As China has promised to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, the steel industry remains the largest emitter among all manufacturing sectors in …
