Maytaal Angel

A Reuters commodities reporter with experience working on high profile stories in a fast paced, real time news environment
Reuters UK

Brexit makes government fix to Tata steel pension plan elusive

By Maytaal Angel and Barbara Lewis LONDON/BRUSSELS, June 29 (Reuters) A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets – is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said. Pension trustees said they were in talks to assess the impact of last week's decision, which sources s

Gaming the system: China steel exporters look for tax advantage

By Manolo Serapio and Maytaal Angel MANILA/LONDON, Dec 9 (Reuters) - Chinese steel exporters are gaming the nation's tax system to pump ever greater amounts of surplus steel into world markets, crafting slightly different alloys to ensure their products sidestep Beijing's cutbacks to trade subsidies. Steel exporters claimed up to $2.4 billion in tax rebates in the first eight months of this year, on track to surpass the 2014 total despite government moves to tighten the kinds of shipments eligible for such refunds, Reuters calculations showed.
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