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Indian graphite maker sees more gain on China skies

Bloomberg The world’s most profitable graphite electrode maker expects China’s push for blue skies to fuel higher margins as it bolsters demand for the steelmaking ingredient. India’s HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent as demand remains strong because of environmental curbs in China, according to Chief Executive ...

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Mexico, Canada diverge in metal tariff relief hopes

Bloomberg Fresh off signing their trade deal with the US, the governments of Canada and Mexico are diverging on the continent’s other trade fight over metals tariffs — with Mexico setting hopes for a deal sooner than Canada. The three countries signed their new deal in Buenos Aires to replace the North American Free Trade Agreement (Nafta) despite US tariffs on ...

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Euro-area factories hit as demand drops

Bloomberg Euro-area manufacturers saw activity slow further as concern over trade wars and political instability hit demand for machines and other investment goods. IHS Markit’s Purchasing Manager’s Index for factories fell to 51.8 in November from 52 in October. While the reading exceeded a prior flash estimate of 51.5, it marked the weakest growth in more than two years. “Production ...

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