While the SA steel production industry appears at odds with itself over tariffs, duties and scrap metal policy, a formidable threat is emerging just over the border in Zimbabwe.

News24

South Africa

News24 | Mammoth Zim steel plant emerges as new threat to SA producers

Media Bias/Fact Check

24.com

A worker walks by steel rolls at a steel plant in Changshou, Chongqing, China, on August 6, 2018. —ReutersISLAMABAD: In a major blow to foreign investment in Pakistan, Century Steel Group — one of the largest Chinese giants — has warned that it will close down its operation and...

The News

Jang Media Group

Pakistan

Chinese steel giant threatens to withdraw investment

According to SPIEGEL information, the Thyssenkrupp Group has promised its steel subsidiary financing - at least for two years. Nevertheless, much remains uncertain for the approximately 27,000 employees.

Der Thyssenkrupp-Konzern gibt seiner Stahltochter nach SPIEGEL-Informationen ein Finanzierungsversprechen – zumindest für zwei Jahre. Trotzdem bleibt für die rund 27.000 Beschäftigten vieles im Ungewissen.

Thyssenkrupp Steel: Gutachten sieht »positive Fortführungsprognose«

Spiegel

Germany

Thyssenkrupp Steel: Report sees "positive forecast for continued operation"

Pakistani media reported that in a significant setback for foreign investment in Pakistan, the Century Steel Group, a leading Chinese corporation, has announced its intention to cease operations and withdraw its investments. This decision highlights the challenges faced by foreign investors in the country. The News reported on Saturday, November 23, that the Century Steel Group’s CEO, Li Chunjian, sent a letter to Prime Minister Shehbaz Sharif, …

Khaama Press

Khushnood Nabizada

Kabul

Afghanistan

Chinese Steel Group threatens to exit Pakistan over unresolved issues - Khaama Press

In a significant blow to foreign investment in Pakistan, Century Steel Group, one of China’s largest steel manufacturers, has issued a stern warning to the government, threatening to cease operations and withdraw its investment from Pakistan. The threat was made through a letter sent by Century Steel Group’s CEO, Li Chunjian, to Prime Minister Shehbaz Sharif. The company stated that it would dismantle its plant at the Rashakai Special Economic Z…

The Financial Daily

Chinese Steel Giant Threatens to Withdraw Investment - The Financial Daily

The port of Rosario received, after a period of inactivity, the first ship coming from Brazil of approximately 5,500 tons of different steel materials, including billet, double steel T profiles, from which the new agreed safety protocols were activated that seek to guarantee the protection of workers. Changes in security measures... Source

El Puerto de Rosario recibió, luego de un período de inactividad, el primer buque proveniente de Brasil de unas 5.500 toneladas de distintos materiales siderúrgicos, entre ellos palanquilla, perfiles doble T de acero, a partir del cual se activaron los nuevos protocolos de seguridad acordados que buscan garantizar la protección de los trabajadores. Los cambios en las medidas de seguridad… Source

El sector siderúrgico del Puerto de Rosario volvió a operar con nuevas medidas de seguridad

RedBoing

The steel sector of the Puerto de Rosario has re-operated with new security measures

A worker walks by steel rolls at a steel plant in Changshou, Chongqing, China, on August 6, 2018. —Reuters  
This will be our last notice to Govt of Pakistan, says Chunjian. PM has formed committee to address company’s complaints. Taxes on steel industry adding insult to injury, says company.   ISLAMABAD: A Chinese steel giant, Century Steel Group has threatened to withdraw its investment and shut down operation in Pakistan, if its demands were …

Pakistan Live News

China's Century Steel Group Warns To Dismantle Plant, Withdraw Investment - Pakistan Live News

A significant development has emerged regarding the operations of Century Steel Group, a prominent Chinese steel manufacturer, in Pakistan. ...

indiandefensenews.in

Chinese Steel Giant Sends 'Last Notice' To Pakistan To Address Concerns, Threatens To Shut Down Operations

ISLAMABAD: Century Steel Group, a major Chinese investor, has issued a final warning to shut down its operations and pull out its investment from Pakistan if the government fails to address its grievances. In a letter to Prime Minister Shehbaz Sharif, the company’s CEO, Li Chunjian, expressed frustration over prolonged delays and unresolved issues at the Rashakai Special Economic Zone (RSEZ) in Khyber Pakhtunkhwa, according to a report published…

humenglish.com

Chinese steel giant threatens to exit Pakistan over unresolved issues

ISLAMABAD, NOV 23: A Chinese steel giant, Century Steel Group has threatened to withdraw its investment and shut down operation in Pakistan, if its demands were not met. The steel group relayed this in a letter to Prime Minister Shehbaz Sharif. In the letter, Century Steel Group CEO Li Chunjian stated the company had reached the decision to wrap up its business and withdraw investment from the country as the government departments, responsible f…

News24 | Mammoth Zim steel plant emerges as new threat to SA producers

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics