UK MPs pass emergency bill to rescue troubled British Steel
The bill will hand Business Secretary Jonathan Reynolds extensive powers to direct British Steel’s staff and operations.
Iron ore’s slump from a record accelerated Friday as China ramps up efforts to control prices. Benchmark iron ore futures on the Dalian Commodity Exchange, for September delivery, dived 7.5% to 1,173 yuan ($182.22) a tonne. The contract fell 4.4% this week....
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