Wuhan contract to build Brazilian steel mill lapsed, LLX says

RIO DE JANEIRO Thu Nov 8, 2012 10:49am EST

RIO DE JANEIRO Nov 8 (Reuters) - China's Wuhan Iron & Steel Co Ltd no longer has a contract to build a 5 million tonne a year steel mill at the Port of Açu northeast of Rio de Janeiro, LLX Logistica SA the port's owner, told Reuters on Thursday.

Wuhan, China's No. 4 steelmaker, let the contract lapse several months ago, Rio de Janerio-based LLX said. LLX is controlled by Brazilian billionaire Eike Batista.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.