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The senior economist serving the steel committee of the Organisation for Economic Cooperation & Development (OECD) has told Steel First that he is pessimistic about whether the global steel sector can reduce over-capacity.

“The prospects for excess capacity are quite bleak.…

The European Commission has granted a key element of EU merger approval for the creation of a new United Arab Emirates (UAE) aluminium company called Emirates Global Aluminium. This will be a joint venture incorporating the businesses of Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).…

a nervous Afghanistan ponders its future after 2014, when NATO forces are scheduled to withdraw, its banking authorities have started to overhaul the country’s anti-money laundering (AML) and combating the financing of terrorism (CFT) laws to align them with Financial Action Task Force (FATF) recommendations and best international standards.…

WHERE European Union (EU) legislation is concerned, it’s been one step forward and one step back for the European oleochemicals sector so far in 2013, though Chantal De Cooman, secretary-general of the European Oleochemicals and Allied Products Group (APAG), was in breezy mood when speaking to Oils & Fats International last month (July).…

THE INDONESIAN Textile Association (API – or Asosiasi Pertekstilan Indonesia) has told WTiN that the Indonesian government is considering revamping its policy programme designed to boost investment in the sector. He added that the industry is also looking to improve its own competitiveness by focusing increasingly on higher value products.…

newly elected government, led by Prime Minister Nawaz Sharif, is considering abolishing and merging a number of ministries, including the Ministry of Textile Industry.  This was one of the first policy reforms presented to officials for assessment by the Pakistan Muslim League-Nawaz (PML-N) after winning the May 11 general.…

A leading industry body representing Turkish textile and apparel manufacturers has told WTiN that the country’s textile and garment sector has been unaffected by the anti-government protests and strike action that have hit the country over the past two weeks. The demonstrations entered their 15th day on Friday (June 14), and a two-day strike by thousands of trade union members took place in Turkey’s major cities last week.…

POPULAR models in the Brazilian car market are likely to vanish from the streets in Latin America’s largest nation as new safety standards come into play. Brazilian automotive experts have said that the upcoming car safety law, which will be enforced from the start of 2014, will make popular models such as the Volkswagen Kombi, still commonly driven in Brazil, unfit for driving and too costly to upgrade.…

TROUBLED Turkey’s textile sector is to get a shot in the arm with the launch of a major Chinese-owned yarn manufacturing plant in Balıkesir, west Turkey, south of Istanbul. Shanghai-based Texhong plans to invest about USD180 million in the factory complex, which will supply more than 16,000 tonnes of core-spun cotton yarn and blended yarn to the European Union (EU) market annually, Qiu Ming, general manager at Texhong Turkey told WTiN.com.…

The United States will express concerns about foreign government subsidies that fuel excess steelmaking capacity worldwide at Monday and Tuesday’s (July1-2) Organisation for Economic Co-operation & Development’s (OECD) steel committee. The US and other key steel-making countries are scheduled to meet in Paris for two days of talks.…