U.S. • 17th December 2019

Chocolate makers hobble Ivory Coast, Ghana cocoa premium with discounts

By Ange Aboa and Maytaal Angel ABIDJAN/LONDON, Dec 17 (Reuters) - Ivory Coast and Ghana’s move to combat farmer poverty with a living income premium for their cocoa sales is being undermined by chocolate makers scaling down purchases and negotiating discounts on other parts of the price, sources said.

U.S. • 10th December 2019

Nestle invests $45 million a year in cocoa sustainability

By Maytaal Angel LONDON, Dec 10 (Reuters) - Nestlé (NESN.S) is spending 45 million Swiss francs (£35.17 million) a year on efforts to source cocoa sustainably, the food company said, also citing progress in reducing child labour in its West African supply chain.

U.S. • 5th December 2019

Quality coffee shortage trips up funds to send prices soaring

By Maytaal Angel and Marcelo Teixeira LONDON/SAO PAULO, Dec 5 (Reuters) - A shortage of high quality arabica coffees has boosted spot prices in Central America, Colombia and Brazil, catching speculators who bet on falling futures prices by surprise.

U.S. • 15th October 2019

Chocolate makers face ethical branding dilemma

By Ange Aboa and Maytaal Angel ABIDJAN/LONDON (Reuters), Oct 15 - Ivory Coast and Ghana’s threat to possibly halt the cocoa industry’s ethical branding schemes poses a major risk to chocolate makers operating in Western markets where consumer demand for sustainably sourced products is rising.

U.S. • 14th October 2019

ANALYSIS-China's crackdown on sugar smuggling leaves global storage headache

By Maytaal Angel and Hallie Gu LONDON/BEIJING, Oct 14 (Reuters) - A crackdown on sugar smuggling into China has left abundantly supplied markets in elsewhere Asia struggling to absorb excess supplies, causing a wider storage problem for global markets.

U.S. • 13th September 2019

Ivory Coast, Ghana strike first cocoa deals with living income premium

By Maytaal Angel, Ange Aboa and Nigel Hunt LONDON/ABIDJAN, Sept 13 (Reuters) - Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is priced, industry sources and a government source told Reuters.

U.S. • 10th September 2019

Ivory Coast, Ghana looking to regulate cocoa industry's sustainability schemes: sources

By Ange Aboa and Maytaal Angel ABIDJAN/LONDON (Reuters), Sept 10 - Ivory Coast and Ghana will meet major chocolate makers and grinders in Abidjan on Wednesday to make plans to regulate the industry’s efforts to source cocoa sustainably, multiple trade and government sources told Reuters.

U.S. • 29th July 2019

Brazil high quality coffee suffers, burning some traders

By Maytaal Angel and Marcelo Teixeira LONDON/SAO PAULO, July 29 (Reuters) - Brazil is producing less top quality coffee this year despite a bumper crop overall because of unusual pre-harvest weather, burning some traders counting on the beans, said industry sources.

U.S. • 28th June 2019

Quality cocoa shortage sends European premiums to near 10-year high

By Maytaal Angel LONDON, June 28 (Reuters) - Buyers in Europe’s physical cocoa market are having to pay top dollar for quality beans from leading global producers Ivory Coast and Ghana to compete with stronger U.S. prices, raising cost fears for grinders and chocolate makers.

U.S. • 22nd May 2019

British Steel collapses after failing to secure extra funding

By Maytaal Angel and Costas Pitas LONDON, May 22 (Reuters) - British Steel, the country’s second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain’s Official Receiver said on Wednesday.

U.S. • 7th March 2019

Exclusive: Thyssen, Tata on collision course with Europe over JV - sources

By Maytaal Angel, Christoph Steitz and Tom Kackenhoff, March 7 LONDON/FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp and Tata Steel will not go very far in concessions to gain approval for a planned steel venture, four people familiar with the matter said, adding their offer might not be enough to satisfy the European Commission.

U.S. • 28th January 2019

Exclusive: JSW Steel, Duferco in talks on landmark steel pre-payment deal

By Julia Payne and Maytaal Angel LONDON, Jan 28 (Reuters) - Indian conglomerate JSW Steel and global trading firm Duferco are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said, in a rare move for the industry.

U.S. • 17th January 2019

EU takes aim at Turkish steel sector already buckling under Trump tariffs

By Maytaal Angel and Ceyda Caglayan LONDON/ANKARA, Jan 17 (Reuters) - The European Commission’s move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight of U.S. tariffs, to cut production further or in some cases close down, sources said.

Reuters • 26th October 2018

ANALYSIS: Steel capacity set to expand just as demand growth ebbs

By Maytaal Angel and Yuka Obayashi LONDON/TOKYO, Oct 26 (Reuters) - Spurred by a steel-price rally, firms are pouring money into new plants that are set to start producing just as growth in demand for the construction material shrinks, industry executives say, challenging the market’s prevailing bull narrative.

U.K. • 12th October 2018

Tsingshan to offer fixed-price stainless contracts with no...

By Maytaal Angel LONDON, Oct 12 (Reuters) - Chinese-owned Tsingshan, the world’s top stainless steelmaker, is prepared to offer fixed-priced long-term contracts that have no alloy surcharge - a move that could change the way the metal is priced globally, an industry veteran told Reuters.

U.S. • 8th August 2018

ANALYSIS: U.S. steel tariffs a boon for some European producers

By Maytaal Angel LONDON, Aug 8 (Reuters) - Washington’s tariffs on steel imports have prompted warnings of an earnings hit for European producers, but for companies such as ArcelorMittal with operations in increasingly protected markets, levies are expected to yield a profit bonanza.

IN • 4th July 2018

Thyssenkrupp, Tata Steel may need asset sales to get EU nod for JV

By Christoph Steitz, Tom Käckenhoff and Maytaal Angel FRANKFURT/DUESSELDORF/LONDON, July 4 (Reuters) - Top managers at Thyssenkrupp and Tata Steel have reached out to the European Commission to seek approval for a landmark joint venture deal, with legal experts and analysts saying they might have to sell assets to get it.

Mail Online • 27th June 2018

EXCLUSIVE-Thyssenkrupp nears JV compromise deal with Tata Steel -sources

By Tom Kaeckenhoff, Arno Schuetze, Christoph Steitz and Maytaal Angel DUESSELDORF/FRANKFURT/LONDON, June 27 (Reuters) - Thyssenkrupp and Tata Steel are nearing a 15 billion euro ($17.4 billion) deal this week to combine their European assets into a global steel giant, sources familiar with the talks told Reuters.

IN • 21st June 2018

EXCLUSIVE: JSW Steel plans bid for ArcelorMittal's Romanian plant

By Maytaal Angel, Clara Denina and Promit Mukherjee LONDON/MUMBAI, June 21 (Reuters) - India’s biggest steelmaker JSW Steel (JSTL.NS) is expected to make a bid for ArcelorMittal’s (MT.AS) Galati plant in Romania, three sources told Reuters, potentially competing against Ukraine’s Metinvest and Italy’s Marcegaglia.

U.S. • 11th June 2018

Tata Steel Europe workers question rationale of...

By Maytaal Angel, Christoph Steitz and Tom Käckenhoff LONDON/FRANKFURT/DUESSELDORF, June 11 (Reuters) - Tata Steel’s European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form.