Steel | featured news

A World Trade Organisation panel on Friday ruled in favor of the United States in a case against import duties imposed by China on a specialty steel product used in power transformers.

Venezuela's President Hugo Chavez ordered the nationalization of local steel company Sidetur on Sunday in the latest of a several recent government takeovers in South America's top oil producer.

Taylor Lautner has agreed to join Universal Pictures and Hasbro's big screen incarnation of "Stretch Armstrong."

The World Trade Organization's top arbitrators upheld a ruling that China is illegally restricting imports of U.S. music, films and books, and Washington pushed forward with a new case accusing China of manipulating the prices for key ingredients in steel and aluminum production.

The government of Prime Minister Kevin Rudd has been walking a political tightrope since the detention last week of an Australian mining executive who is accused of stealing state secrets.

India-owned Corus - Europe's second-largest steelmaker - is to axe 3,500 jobs worldwide, the BBC learns.