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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Empowering LG to name aldermen can destabilise MCD: SCNEW DELHI: The Supreme Court on Wednesday reserved its verdict on the AAP government's petition challenging the LG's power to nominate 10 aldermen to the Municipal Corporation of Delhi on his own. The court said: 'Giving such power to the LG could destabilise a democratically elected MCD body'. A bench of CJI DY Chandrachud and Justices P S Narasimha and J B Pardiwala asked additional solicitor general Sanjay Jain, 'Is the nomination of aldermen to the local body of so much concern to the Centre that it wants to do it through the LG without the aid and advice of the elected (Delhi) government?' Jain laboured to explain the four sources of power in the MCD Act - the Centre, Delhi government, LG and MCD. He said both the local body law and GNCTD Act doesn't diminish the power of the LG to act unilaterally in several aspects, including nominating the aldermen. Govt cites tradition in aldermen row For the AAP government, senior advocate A M Singhvi countered by saying, 'A series of judgments of the SC, culminating with the recent five-judge bench decision on 'services', have laid down the principle that the governor and the LG are bound by the aid and advice of the elected government. 'Moreover, the constitutional philosophy behind elected local bodies was for decentralisation of power. By attempting to nominate aldermen to MCD, the Centre is trying to negate the constitutional principle.' He added that for the last 30 years, every LG had nominated aldermen on the aid and advice of the elected government. Read Also Row over nomination of MCD members: LG should act on aid & advice of government, says Supreme Court The top court, which was hearing a petition filed by the AAP government challenging the nominations to the Municipal Corporation of Delhi (MCD), meanwhile, permitted the counsel for the office of the lieutenant governor to withdraw the earlier reply in the wake of the SC's judgement holding that the The bench told Jain, 'We understand your argument that the LG's powers as administrator to nominate aldermen to the MCD has not been diminished by the principle of 'aid and advice' applicable to the governance of Delhi. But the flip side is that by giving such power to the LG, it could destabilise a democratically elected MCD body.' When Jain said aldermen have no voting rights and could not destabilise MCD's elected body, Singhvi carried forward the bench's reasoning and said, 'The aldermen have voting powers in ward committees which elect members of the crucial standing committee.' Read Also LG not approving officer's transfer: AAP govt to SC After getting legislative and executive rights over 'services' through a constitution bench judgment, the AAP government told the Supreme Court on Friday that the lieutenant governor was acting in contempt of Thursday's verdict by not approving the transfer of Delhi's 'services' secretary. ### Response: NO

NO

Empowering LG to name aldermen can destabilise MCD: SCNEW DELHI: The Supreme Court on Wednesday reserved its verdict on the AAP government's petition challenging the LG's power to nominate 10 aldermen to the Municipal Corporation of Delhi on his own. The court said: 'Giving such power to the LG could destabilise a democratically elected MCD body'. A bench of CJI DY Chandrachud and Justices P S Narasimha and J B Pardiwala asked additional solicitor general Sanjay Jain, 'Is the nomination of aldermen to the local body of so much concern to the Centre that it wants to do it through the LG without the aid and advice of the elected (Delhi) government?' Jain laboured to explain the four sources of power in the MCD Act - the Centre, Delhi government, LG and MCD. He said both the local body law and GNCTD Act doesn't diminish the power of the LG to act unilaterally in several aspects, including nominating the aldermen. Govt cites tradition in aldermen row For the AAP government, senior advocate A M Singhvi countered by saying, 'A series of judgments of the SC, culminating with the recent five-judge bench decision on 'services', have laid down the principle that the governor and the LG are bound by the aid and advice of the elected government. 'Moreover, the constitutional philosophy behind elected local bodies was for decentralisation of power. By attempting to nominate aldermen to MCD, the Centre is trying to negate the constitutional principle.' He added that for the last 30 years, every LG had nominated aldermen on the aid and advice of the elected government. Read Also Row over nomination of MCD members: LG should act on aid & advice of government, says Supreme Court The top court, which was hearing a petition filed by the AAP government challenging the nominations to the Municipal Corporation of Delhi (MCD), meanwhile, permitted the counsel for the office of the lieutenant governor to withdraw the earlier reply in the wake of the SC's judgement holding that the The bench told Jain, 'We understand your argument that the LG's powers as administrator to nominate aldermen to the MCD has not been diminished by the principle of 'aid and advice' applicable to the governance of Delhi. But the flip side is that by giving such power to the LG, it could destabilise a democratically elected MCD body.' When Jain said aldermen have no voting rights and could not destabilise MCD's elected body, Singhvi carried forward the bench's reasoning and said, 'The aldermen have voting powers in ward committees which elect members of the crucial standing committee.' Read Also LG not approving officer's transfer: AAP govt to SC After getting legislative and executive rights over 'services' through a constitution bench judgment, the AAP government told the Supreme Court on Friday that the lieutenant governor was acting in contempt of Thursday's verdict by not approving the transfer of Delhi's 'services' secretary.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Why Islamic State failed to make inroads into India ### Response: NO

NO

Why Islamic State failed to make inroads into India

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Live: ‘Siddaramaiah to be K'taka CM, DKS to be his deputy’ ### Response: NO

NO

Live: ‘Siddaramaiah to be K'taka CM, DKS to be his deputy’

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Next 5 years could be hottest ever globally, warns UN weather agencyNEW DELHI: Global temperatures are likely to surge in the next five years, making 2023-27 the warmest five-year period ever recorded, and there is a 98% chance of at least one of these years beating the temperature record set in 2016 and temporarily breaching the 1.5 degree C mark above the pre-industrial (1850-1900) average, the World Meteorological Organisation said Wednesday. It noted that the temperature surge will be fuelled by heat-trapping greenhouse gases (GHGs) and a naturally occurring El Nino (unusual warming of waters in eastern Pacific Ocean). Typically, El Nino increases global temperatures in the year after it develops - in this case, it's likely to be 2024. In its state of climate update, released in Geneva, WMO said there is a 66% chance of average temperatures in one or more years between 2023 and 2027 to 'temporarily' go higher than 1.5 degree C above pre-industrial levels. Prepare for a warming El Nino: WMO The World Meteorological Organisation on Wednesday warned the global community to get ready for the 'upcoming challenges' of a warming El Nino, which is expected to develop in the coming months, combining with human-induced climate change to push global temperatures into 'uncharted territory'. 'This will have far-reaching repercussions for health, food security, water management and environment. We need to be prepared,' said WMO secretary general Petteri Taalas while releasing the UN body's new state of the climate report. The report underlined that the annual mean global near-surface temperature for each year between 2023 and 2027 is predicted to be between 1.1 degree C and 1.8 degree C higher than the 1850-1900 average. 'This report does not mean that we will permanently exceed the 1.5 degree C level specified in the Paris Agreement which refers to long-term warming over many years. However, WMO is sounding the alarm that we will breach the 1.5 degree C level on a temporary basis with increasing frequency,' Taalas said. The Paris Agreement sets long-term goals to guide all nations to substantially reduce GHG emissions to limit the global temperature increase in this century to 2 degree C while pursuing efforts to limit the increase even further at 1.5 degree C, to avoid or reduce adverse impact and related losses and damages. Besides increasing global temperatures, human-induced GHGs also lead to more ocean heating and acidification, sea ice and glacier melt, sea level rise and more extreme weather. 01:48 Delhi Air Quality: Rising mercury and dipping air quality cause concerns ### Response: NO

NO

Next 5 years could be hottest ever globally, warns UN weather agencyNEW DELHI: Global temperatures are likely to surge in the next five years, making 2023-27 the warmest five-year period ever recorded, and there is a 98% chance of at least one of these years beating the temperature record set in 2016 and temporarily breaching the 1.5 degree C mark above the pre-industrial (1850-1900) average, the World Meteorological Organisation said Wednesday. It noted that the temperature surge will be fuelled by heat-trapping greenhouse gases (GHGs) and a naturally occurring El Nino (unusual warming of waters in eastern Pacific Ocean). Typically, El Nino increases global temperatures in the year after it develops - in this case, it's likely to be 2024. In its state of climate update, released in Geneva, WMO said there is a 66% chance of average temperatures in one or more years between 2023 and 2027 to 'temporarily' go higher than 1.5 degree C above pre-industrial levels. Prepare for a warming El Nino: WMO The World Meteorological Organisation on Wednesday warned the global community to get ready for the 'upcoming challenges' of a warming El Nino, which is expected to develop in the coming months, combining with human-induced climate change to push global temperatures into 'uncharted territory'. 'This will have far-reaching repercussions for health, food security, water management and environment. We need to be prepared,' said WMO secretary general Petteri Taalas while releasing the UN body's new state of the climate report. The report underlined that the annual mean global near-surface temperature for each year between 2023 and 2027 is predicted to be between 1.1 degree C and 1.8 degree C higher than the 1850-1900 average. 'This report does not mean that we will permanently exceed the 1.5 degree C level specified in the Paris Agreement which refers to long-term warming over many years. However, WMO is sounding the alarm that we will breach the 1.5 degree C level on a temporary basis with increasing frequency,' Taalas said. The Paris Agreement sets long-term goals to guide all nations to substantially reduce GHG emissions to limit the global temperature increase in this century to 2 degree C while pursuing efforts to limit the increase even further at 1.5 degree C, to avoid or reduce adverse impact and related losses and damages. Besides increasing global temperatures, human-induced GHGs also lead to more ocean heating and acidification, sea ice and glacier melt, sea level rise and more extreme weather. 01:48 Delhi Air Quality: Rising mercury and dipping air quality cause concerns

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: ITC Q4FY23 results preview: Likely to witness growth in cigarette and FMCG businesses Diversified conglomerate ITC Ltd is set to announce financial results for the fourth quarter ended March 31, 2023 on May 18. The company’s board is also likely to consider and recommend final dividend for FY23. “……the meeting of the Board of Directors of the company is scheduled on 18/05/2023, inter alia, to consider and approve the audited standalone and consolidated financial results and consider and recommend final dividend for the financial year ended 31st March, 2023,” the company said in a notification to BSE recently.According to industry experts, the company is likely to post a double digit growth in revenues in cigarette and FMCG businesses. Hotels business is also likely to witness a growth on the back of demand revival post Covid. However, the agri business division may witness a drop in sales. In its preview note, HDFC Securities said it expects close to a 17 per cent year-on-year (YoY) growth in cigarette revenue, with a volume growth of 16 per cent YoY (5 per cent 4-year compound annual growth rate or CAGR). The non-cigarette business is expected to grow by 5 per cent YoY, although it may be impacted by agribusiness.“We model 17 per cent YoY growth in FMCG. We expect cigarette EBIT to grow by 16 per cent YoY. We model FMCG EBIT margin at 7.3 per cent vs. 5.7 per cent YoY. EBITDA to grow by 20 per cent YoY,” it said in the note.Continued improvement in cigarette volume and mix, FMCG business EBIT margin, a positive paper cycle, and the outlook on agri and hotel businesses are some of the key factors to monitor. ICICI Securities has estimated over six per cent revenue growth for ITC, led by strong 16 per cent growth in cigarettes business. It estimated nearly 13 per cent volume growth in cigarettes. It also said that the FMCG business is expected to see over 19 per cent sales growth led by strong traction in foods, discretionary and stationary categories.Hotels segment is estimated to grow 78 per cent led by post-Covid pent up demand. “The growth in paperboard segment is expected to moderate given RM prices have declined and companies are taking price cuts accordingly. The segment is likely to grow 7.6 per cent in Q4. Agri business is likely to see 25.4 per cent sales decline on account of export restriction on wheat. We expect 340 basis points gross margin improvement and similar expansion in operating margins to 35.3 per cent. Net profit is expected to grow 17.2 per cent to ₹4,911.8 crore,” it said. Axis Securities also expects the cigarette business to grow 16 per cent YoY (13 per cent volume) and FMCG to grow at 14 per cent (mid volume growth) primarily led by price growth. It expects a continued strong momentum in the hotels business. However, agri business is likely to decline on a higher base.EBITDA margin is expected to expand 450 basis points on account of gross margin expansion, better mix, operating leverage and cost savings, it added.The company’s scrip closed at ₹427.65, up by 0.87 per cent on the BSE on Wednesday. Comments ### Response: NO

NO

ITC Q4FY23 results preview: Likely to witness growth in cigarette and FMCG businesses Diversified conglomerate ITC Ltd is set to announce financial results for the fourth quarter ended March 31, 2023 on May 18. The company’s board is also likely to consider and recommend final dividend for FY23. “……the meeting of the Board of Directors of the company is scheduled on 18/05/2023, inter alia, to consider and approve the audited standalone and consolidated financial results and consider and recommend final dividend for the financial year ended 31st March, 2023,” the company said in a notification to BSE recently.According to industry experts, the company is likely to post a double digit growth in revenues in cigarette and FMCG businesses. Hotels business is also likely to witness a growth on the back of demand revival post Covid. However, the agri business division may witness a drop in sales. In its preview note, HDFC Securities said it expects close to a 17 per cent year-on-year (YoY) growth in cigarette revenue, with a volume growth of 16 per cent YoY (5 per cent 4-year compound annual growth rate or CAGR). The non-cigarette business is expected to grow by 5 per cent YoY, although it may be impacted by agribusiness.“We model 17 per cent YoY growth in FMCG. We expect cigarette EBIT to grow by 16 per cent YoY. We model FMCG EBIT margin at 7.3 per cent vs. 5.7 per cent YoY. EBITDA to grow by 20 per cent YoY,” it said in the note.Continued improvement in cigarette volume and mix, FMCG business EBIT margin, a positive paper cycle, and the outlook on agri and hotel businesses are some of the key factors to monitor. ICICI Securities has estimated over six per cent revenue growth for ITC, led by strong 16 per cent growth in cigarettes business. It estimated nearly 13 per cent volume growth in cigarettes. It also said that the FMCG business is expected to see over 19 per cent sales growth led by strong traction in foods, discretionary and stationary categories.Hotels segment is estimated to grow 78 per cent led by post-Covid pent up demand. “The growth in paperboard segment is expected to moderate given RM prices have declined and companies are taking price cuts accordingly. The segment is likely to grow 7.6 per cent in Q4. Agri business is likely to see 25.4 per cent sales decline on account of export restriction on wheat. We expect 340 basis points gross margin improvement and similar expansion in operating margins to 35.3 per cent. Net profit is expected to grow 17.2 per cent to ₹4,911.8 crore,” it said. Axis Securities also expects the cigarette business to grow 16 per cent YoY (13 per cent volume) and FMCG to grow at 14 per cent (mid volume growth) primarily led by price growth. It expects a continued strong momentum in the hotels business. However, agri business is likely to decline on a higher base.EBITDA margin is expected to expand 450 basis points on account of gross margin expansion, better mix, operating leverage and cost savings, it added.The company’s scrip closed at ₹427.65, up by 0.87 per cent on the BSE on Wednesday. Comments

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: JK Tyre Q4 net profit jumps multifold to ₹111.56 croreTyre Industry major, JK Tyre and Industries (JK Tyre) on Wednesday reported a consolidated net profit of ₹111.56 crore for the fourth quarter ended March 31, a multifold jump year-on-year (y-o-y) as compared with ₹38.22 crore in the corresponding period last year.The total income also rose by around 10 per cent y-o-y to ₹3,645 crore during the quarter in review (₹3,319.56 crore) .The board has recommended a dividend at 100 per cent (₹2 per share having face value of ₹2 each), the company said.MRF's profit soars on cooling rubber prices, higher demandFor the financial year 2022-23 (FY23), the company recorded a net profit of ₹263 crore (₹201 crore), a jump of 31 per cent compared to previous year.Similarly, the total income grew by 22 per cent to ₹14,681.46 crore (₹12,019.52 crore) .“JK Tyre has achieved highest ever revenues of ₹14,681 crore during FY 2023, registering a growth of 22 per cent. This is on account of growth in domestic demand witnessed in key segments, viz., commercial and passenger vehicle tyres. Exports have also performed well, despite global headwinds,” Raghupati Singhania, Chairman and Managing Director, said.Operating margins improved sequentially in the fourth quarter of the financial year 2023, aided by softening in input costs, he said.“We remain optimistic on tyre industry growth path in coming year, buoyed by uptick in economic activities and the big push in infrastructure growth,” he added. Comments ### Response: NO

NO

JK Tyre Q4 net profit jumps multifold to ₹111.56 croreTyre Industry major, JK Tyre and Industries (JK Tyre) on Wednesday reported a consolidated net profit of ₹111.56 crore for the fourth quarter ended March 31, a multifold jump year-on-year (y-o-y) as compared with ₹38.22 crore in the corresponding period last year.The total income also rose by around 10 per cent y-o-y to ₹3,645 crore during the quarter in review (₹3,319.56 crore) .The board has recommended a dividend at 100 per cent (₹2 per share having face value of ₹2 each), the company said.MRF's profit soars on cooling rubber prices, higher demandFor the financial year 2022-23 (FY23), the company recorded a net profit of ₹263 crore (₹201 crore), a jump of 31 per cent compared to previous year.Similarly, the total income grew by 22 per cent to ₹14,681.46 crore (₹12,019.52 crore) .“JK Tyre has achieved highest ever revenues of ₹14,681 crore during FY 2023, registering a growth of 22 per cent. This is on account of growth in domestic demand witnessed in key segments, viz., commercial and passenger vehicle tyres. Exports have also performed well, despite global headwinds,” Raghupati Singhania, Chairman and Managing Director, said.Operating margins improved sequentially in the fourth quarter of the financial year 2023, aided by softening in input costs, he said.“We remain optimistic on tyre industry growth path in coming year, buoyed by uptick in economic activities and the big push in infrastructure growth,” he added. Comments

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: REC Q4 net profit up 33% to ₹3,065 crore State-run REC on Wednesday reported a healthy 33 per cent growth in its consolidated net profit at ₹3,065 crore for the March quarter in FY23 aided by improving asset quality and resolution of stressed assets On a sequential basis, the company’s net profit rose by 5 per cent from ₹2,915 crore in Q4 FY22. The Maharatna company’s consolidated total income rose by 6 per cent to ₹10,255 crore during the January-March quarter. On a Q-o-Q basis, income rose by 4.5 per cent. For the entire FY23, REC’s consolidated net profit rose by 11 per cent to ₹11,167 crore. Its consolidated total income grew marginally to ₹39,520 crore during the year. “Owing to the improving asset quality and resolution of stressed assets, REC is able to record the highest ever quarterly and yearly profit at ₹3,001 crore and ₹11,055 crore (Standalone), respectively,” REC said. The company’s Earnings Per Share (EPS) for FY23 stands at ₹41.86 (₹38.02). Aided by growth in profits, the CPSUs net worth has grown to ₹57,680 crore as on March 31, 2023, an increase of 13 per cent Y-o-Y, it added. REC said that its loan book has maintained the growth trajectory and has increased by 13 per cent to ₹4.35 lakh crore at the end of FY23 as against ₹3.85 lakh crore in the year-ago period. “Signifying improving asset quality, the net credit-impaired assets have reduced to 1.01 per cent with Provision Coverage Ratio of 70.64 per cent on NPA assets, as on March 31, 2023,” it added. The Capital Adequacy Ratio stands at a comfortable 25.78 per cent as on March 31, 2023 implying ample opportunity to support the future growth. Comments ### Response: NO

NO

REC Q4 net profit up 33% to ₹3,065 crore State-run REC on Wednesday reported a healthy 33 per cent growth in its consolidated net profit at ₹3,065 crore for the March quarter in FY23 aided by improving asset quality and resolution of stressed assets On a sequential basis, the company’s net profit rose by 5 per cent from ₹2,915 crore in Q4 FY22. The Maharatna company’s consolidated total income rose by 6 per cent to ₹10,255 crore during the January-March quarter. On a Q-o-Q basis, income rose by 4.5 per cent. For the entire FY23, REC’s consolidated net profit rose by 11 per cent to ₹11,167 crore. Its consolidated total income grew marginally to ₹39,520 crore during the year. “Owing to the improving asset quality and resolution of stressed assets, REC is able to record the highest ever quarterly and yearly profit at ₹3,001 crore and ₹11,055 crore (Standalone), respectively,” REC said. The company’s Earnings Per Share (EPS) for FY23 stands at ₹41.86 (₹38.02). Aided by growth in profits, the CPSUs net worth has grown to ₹57,680 crore as on March 31, 2023, an increase of 13 per cent Y-o-Y, it added. REC said that its loan book has maintained the growth trajectory and has increased by 13 per cent to ₹4.35 lakh crore at the end of FY23 as against ₹3.85 lakh crore in the year-ago period. “Signifying improving asset quality, the net credit-impaired assets have reduced to 1.01 per cent with Provision Coverage Ratio of 70.64 per cent on NPA assets, as on March 31, 2023,” it added. The Capital Adequacy Ratio stands at a comfortable 25.78 per cent as on March 31, 2023 implying ample opportunity to support the future growth. Comments

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Jubilant FoodWorks consolidated Q4 net profit down 70%Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit to ₹28.54 crore in the March quarter due to elevated raw material costs amid inflationary pressures.The company, which operates Domino’s Pizza restaurants in India and neighbouring markets, had posted net profit of ₹96 crore in the corresponding period previous fiscal. Consolidated revenue from operations in Q4 was up 8 per cent to ₹1,269.85 crore.For the whole of FY23, consolidated net profit was down 15.56 per cent to ₹353.03 crore (₹418.09 crore). Consolidated revenue from operations was up 17.3 per cent to ₹5,158.25 crore in FY23.On an earnings call, Sameer Khetarpal , CEO & MD, said, “While we continue to operate in a dynamic business environment, we will continue to focus on driving like-for-like growth along with identifying white spaces. We are targeting to add 200-225 restaurants in this fiscal for Domino’s along with 30-35 Popeyes stores.”In FY23, the company added 249 net Domino’s stores and entered 56 new cities to expand the total Domino’s network to 1,816 stores across 393 cities.“We are accelerating efforts to execute and deliver on the plans we’ve put into action to revert to high topline growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order-led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions,”  he added.The company said high inflation impacted ticket prices which affected growth in the second half of FY23. Jubilant FoodWorks’ Chairman, Shyam S Bhartia, and co-chairman, Hari S Bhartia, said the company has achieved ₹5,000-crore turnover in FY23.“There are near-term concerns around historic high inflation and slowing market growth, but we are confident in our unique ecosystem’s ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth,” they added in the statement.The company is the exclusive master franchise for Domino’s Pizza  in India, Sri Lanka, Bangladesh and Nepal, besides having exclusive rights to develop and operate Dunkin’ restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and Bhutan. Comments ### Response: NO

NO

Jubilant FoodWorks consolidated Q4 net profit down 70%Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit to ₹28.54 crore in the March quarter due to elevated raw material costs amid inflationary pressures.The company, which operates Domino’s Pizza restaurants in India and neighbouring markets, had posted net profit of ₹96 crore in the corresponding period previous fiscal. Consolidated revenue from operations in Q4 was up 8 per cent to ₹1,269.85 crore.For the whole of FY23, consolidated net profit was down 15.56 per cent to ₹353.03 crore (₹418.09 crore). Consolidated revenue from operations was up 17.3 per cent to ₹5,158.25 crore in FY23.On an earnings call, Sameer Khetarpal , CEO & MD, said, “While we continue to operate in a dynamic business environment, we will continue to focus on driving like-for-like growth along with identifying white spaces. We are targeting to add 200-225 restaurants in this fiscal for Domino’s along with 30-35 Popeyes stores.”In FY23, the company added 249 net Domino’s stores and entered 56 new cities to expand the total Domino’s network to 1,816 stores across 393 cities.“We are accelerating efforts to execute and deliver on the plans we’ve put into action to revert to high topline growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order-led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions,”  he added.The company said high inflation impacted ticket prices which affected growth in the second half of FY23. Jubilant FoodWorks’ Chairman, Shyam S Bhartia, and co-chairman, Hari S Bhartia, said the company has achieved ₹5,000-crore turnover in FY23.“There are near-term concerns around historic high inflation and slowing market growth, but we are confident in our unique ecosystem’s ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth,” they added in the statement.The company is the exclusive master franchise for Domino’s Pizza  in India, Sri Lanka, Bangladesh and Nepal, besides having exclusive rights to develop and operate Dunkin’ restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and Bhutan. Comments

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Skoda dealer Stellar Skoda appoints Kapil Dev as brand icon for GujaratSkoda India’s dealer Stellar Skoda, on Wednesday, announced legendary cricketer Kapil Dev as its brand icon for Stellar Skoda in Gujarat.The company aims to leverage the iconic association with the cricketing legend and celebrate 40 years of India’s landmark world cup win and expects to drive brand growth in the Gujarat market.It will be the first time a dealer will launch a brand icon & thereby making history in the automobile dealership sector, an official statement said here.Customers are now ready to pay premium when it comes to safety: Škoda AutoStellar Skoda has outlets across seven cities in Gujarat namely Ahmedabad, Vadodara, Surat, Bhavnagar, Bharuch, Mehsana, and Anand.Present on the occassion in Ahmedabad, Kapil Dev said, “I am thrilled to be associated with Stellar Skoda, a brand known for its stellar services, innovation, performance, and exceptional customer experience with India’s safest car like Kushaq and Slavia. Skoda cars have always been my favourite, and I am excited to be a part of the brand’s journey. I look forward to working closely with the Stellar Skoda team and helping them achieve their goals in the Gujarat market.”Abhimanyu Tripathi, CEO of Stellar Group said, “Kapil Dev’s stellar passion, commitment, and performance to the game are qualities that we at Stellar Skoda deeply resonate with. We are confident that his association with our brand will help us connect with our customers at a deeper level and drive our growth in the Gujarat market.”As part of the association, Kapil Dev will feature in a new brand campaign ‘What Drives The Legend’ for Stellar Skoda, showcasing his personality and his association with Stellar Skoda cars, thereby highlighting the connection of India’s safest car with Indian consumers.In addition to the brand campaign, the cricket legend will be involved in various brand promotions, events, both online and offline. The company plans to leverage its popularity and fan following to drive engagement with its consumers and create a strong brand recall in Gujarat, the statement said. Comments ### Response: NO

NO

Skoda dealer Stellar Skoda appoints Kapil Dev as brand icon for GujaratSkoda India’s dealer Stellar Skoda, on Wednesday, announced legendary cricketer Kapil Dev as its brand icon for Stellar Skoda in Gujarat.The company aims to leverage the iconic association with the cricketing legend and celebrate 40 years of India’s landmark world cup win and expects to drive brand growth in the Gujarat market.It will be the first time a dealer will launch a brand icon & thereby making history in the automobile dealership sector, an official statement said here.Customers are now ready to pay premium when it comes to safety: Škoda AutoStellar Skoda has outlets across seven cities in Gujarat namely Ahmedabad, Vadodara, Surat, Bhavnagar, Bharuch, Mehsana, and Anand.Present on the occassion in Ahmedabad, Kapil Dev said, “I am thrilled to be associated with Stellar Skoda, a brand known for its stellar services, innovation, performance, and exceptional customer experience with India’s safest car like Kushaq and Slavia. Skoda cars have always been my favourite, and I am excited to be a part of the brand’s journey. I look forward to working closely with the Stellar Skoda team and helping them achieve their goals in the Gujarat market.”Abhimanyu Tripathi, CEO of Stellar Group said, “Kapil Dev’s stellar passion, commitment, and performance to the game are qualities that we at Stellar Skoda deeply resonate with. We are confident that his association with our brand will help us connect with our customers at a deeper level and drive our growth in the Gujarat market.”As part of the association, Kapil Dev will feature in a new brand campaign ‘What Drives The Legend’ for Stellar Skoda, showcasing his personality and his association with Stellar Skoda cars, thereby highlighting the connection of India’s safest car with Indian consumers.In addition to the brand campaign, the cricket legend will be involved in various brand promotions, events, both online and offline. The company plans to leverage its popularity and fan following to drive engagement with its consumers and create a strong brand recall in Gujarat, the statement said. Comments

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Gerdau halts steel production at Araucaria plantBrazil’s Gerdau group is reportedly suspending crude steel production at its Araucaria plant, located in the southern state of Paraná. According to the local press, the decision reflects the company focusing on more profitable assets, and is not linked to a reduced demand for its products, considered as stable from last year. The Araucária plant has a steel production capacity of 420,000 mt per year and will be able to return to operation at short notice. The stoppage is scheduled for May. The same plant was idled in 2014 due to a shortage of demand, returning to operation in September 2021. ### Response: NO

NO

Gerdau halts steel production at Araucaria plantBrazil’s Gerdau group is reportedly suspending crude steel production at its Araucaria plant, located in the southern state of Paraná. According to the local press, the decision reflects the company focusing on more profitable assets, and is not linked to a reduced demand for its products, considered as stable from last year. The Araucária plant has a steel production capacity of 420,000 mt per year and will be able to return to operation at short notice. The stoppage is scheduled for May. The same plant was idled in 2014 due to a shortage of demand, returning to operation in September 2021.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: US mechanical tubing imports up 21.8 percent in MarchAccording to final census data from the US Department of Commerce, US imports of mechanical tubing totaled 53,757 mt in March 2023, up 21.8 percent from February and up 8.2 percent from March 2022 levels. By value, mechanical tubing imports totaled $100.3 million in March 2023, compared to $85.3 million in February and $111.9 million in March 2022. The US imported the most mechanical tubing from Mexico in March, with 16,519 mt, compared to 17,233 mt in February and 15,775 mt in March 2022. Other top sources of imported mechanical tubing in March include Canada, with 11,327 mt; China, with 6,631 mt; Germany, with 5,377 mt; and Romania, with 3,387 mt. ### Response: NO

NO

US mechanical tubing imports up 21.8 percent in MarchAccording to final census data from the US Department of Commerce, US imports of mechanical tubing totaled 53,757 mt in March 2023, up 21.8 percent from February and up 8.2 percent from March 2022 levels. By value, mechanical tubing imports totaled $100.3 million in March 2023, compared to $85.3 million in February and $111.9 million in March 2022. The US imported the most mechanical tubing from Mexico in March, with 16,519 mt, compared to 17,233 mt in February and 15,775 mt in March 2022. Other top sources of imported mechanical tubing in March include Canada, with 11,327 mt; China, with 6,631 mt; Germany, with 5,377 mt; and Romania, with 3,387 mt.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Government of Mexico offers to restructure AHMSA's debtPresident Andres Manuel Lopez Obrador said this week that he proposed to the paralyzed steel company Altos Hornos de México (AHMSA) to restructure the debt with the federal government that exceeds $170 million. “If there is participation of new investors and they need time to pay us, we can make a plan. Schedule these payments and regularize this situation with the government (...) We are waiting for the response (from AHMSA), thinking about the workers so that they are not fired,” the president said yesterday in his morning conference from the National Palace in Mexico City. The productive paralysis of AHMSA, on which 10,000 families depend economically, a figure that rises to 70,000 considering indirect jobs. In the Monclova region, where the steel company is installed, the region's economy is reportedly “semi-paralyzed.” López Obrador's words were made after his cousin, the Minister of the Interior, Adan Augusto Lopez, was in Monclova on Saturday and confirmed the social crisis that is being experienced due to the lack of payment of wages and salaries. AHMSA has been the target of attacks since the current federal government began (December 2018) for the alleged financing of the political party that was in power in the previous six-year term and currently governs Coahuila. In May 2019, the fifth month of the Lopez Obrador government, the main shareholder of AHMSA, Alonso Ancira, was arrested in Spain accused of patrimonial damage to the state oil company Pemex in 2014 for the sale of a fertilizer plant. To get out of jail, Ancira signed an agreement for AHMSA to compensate Pemex with $216.7 million, a payment divided into three installments. The first payment was in November 2021 for $50 million, the second payment was in November 2022 for $54.2 million. Those payments for $104.2 million generated a liquidity crisis in AHMSA and it defaulted on payments for electricity and gas consumption. Thus, the CFE and Pemex suspended the supply of energy and at the beginning of 2023, the steel company was paralyzed and stopped producing steel. A month later, in February 2023, Ancira agreed to sell control of AHMSA to the American Argentem Creek Partners, a company that will inject $200 million in working capital to reactivate production. Argentem requested among the requirements to complete the purchase of AHMSA, that the federal government agree to defer for nine months the third payment of compensation to Pemex for $112.5 million to be paid in August 2024. The restructuring of the debt to the federal government that the president announced yesterday was proposed by Argentem since March, for which some market specialists believe that with these positions, AHMSA will restart operations. AHMSA, the president said: 'It has a great future for the North American market' (USMCA), for which it publicly agreed to restructure 'the debt ranges between MXN 3000 million and MXN 5000 million' (about $170 million and $280 million) with the federal government for taxes, consumption of electricity, gas, social security contributions, among others. If the federal government fulfills his promise, Argentem Creek Partners may have international financing for AHMSA for the steel company, which has an annual production capacity of 5.5 million metric tons of steel. AHMSA, like state oil company Pemex, is technically bankrupt because their liabilities exceed the value of all their assets. As of September 2022 (the most recent public data), total assets (at today's exchange rates) were $2.40 billion and total liabilities $3.10 billion. The technical bankruptcy is $702 million. ### Response: NO

NO

Government of Mexico offers to restructure AHMSA's debtPresident Andres Manuel Lopez Obrador said this week that he proposed to the paralyzed steel company Altos Hornos de México (AHMSA) to restructure the debt with the federal government that exceeds $170 million. “If there is participation of new investors and they need time to pay us, we can make a plan. Schedule these payments and regularize this situation with the government (...) We are waiting for the response (from AHMSA), thinking about the workers so that they are not fired,” the president said yesterday in his morning conference from the National Palace in Mexico City. The productive paralysis of AHMSA, on which 10,000 families depend economically, a figure that rises to 70,000 considering indirect jobs. In the Monclova region, where the steel company is installed, the region's economy is reportedly “semi-paralyzed.” López Obrador's words were made after his cousin, the Minister of the Interior, Adan Augusto Lopez, was in Monclova on Saturday and confirmed the social crisis that is being experienced due to the lack of payment of wages and salaries. AHMSA has been the target of attacks since the current federal government began (December 2018) for the alleged financing of the political party that was in power in the previous six-year term and currently governs Coahuila. In May 2019, the fifth month of the Lopez Obrador government, the main shareholder of AHMSA, Alonso Ancira, was arrested in Spain accused of patrimonial damage to the state oil company Pemex in 2014 for the sale of a fertilizer plant. To get out of jail, Ancira signed an agreement for AHMSA to compensate Pemex with $216.7 million, a payment divided into three installments. The first payment was in November 2021 for $50 million, the second payment was in November 2022 for $54.2 million. Those payments for $104.2 million generated a liquidity crisis in AHMSA and it defaulted on payments for electricity and gas consumption. Thus, the CFE and Pemex suspended the supply of energy and at the beginning of 2023, the steel company was paralyzed and stopped producing steel. A month later, in February 2023, Ancira agreed to sell control of AHMSA to the American Argentem Creek Partners, a company that will inject $200 million in working capital to reactivate production. Argentem requested among the requirements to complete the purchase of AHMSA, that the federal government agree to defer for nine months the third payment of compensation to Pemex for $112.5 million to be paid in August 2024. The restructuring of the debt to the federal government that the president announced yesterday was proposed by Argentem since March, for which some market specialists believe that with these positions, AHMSA will restart operations. AHMSA, the president said: 'It has a great future for the North American market' (USMCA), for which it publicly agreed to restructure 'the debt ranges between MXN 3000 million and MXN 5000 million' (about $170 million and $280 million) with the federal government for taxes, consumption of electricity, gas, social security contributions, among others. If the federal government fulfills his promise, Argentem Creek Partners may have international financing for AHMSA for the steel company, which has an annual production capacity of 5.5 million metric tons of steel. AHMSA, like state oil company Pemex, is technically bankrupt because their liabilities exceed the value of all their assets. As of September 2022 (the most recent public data), total assets (at today's exchange rates) were $2.40 billion and total liabilities $3.10 billion. The technical bankruptcy is $702 million.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Italy-based Brembo completes $207 million expansion to auto parts plant in MexicoItalian auto parts manufacturer Brembo, producing braking systems for automobiles and motorcycles, inaugurated the expansion of its factory in the city of Escobedo, Nuevo Leon, where it invested $207 million and created 500 new jobs, informed the state governor, Samuel García. Now with 1,600 workers, Brembo will increase its market share in the USMCA region in the original and aftermarket. The new plant has an extension of 30 thousand square meters. Brembo is a multinational corporation that operates in 15 countries, plus a total of 8 research laboratories, 30 production and business sites through which it sells its own products in over 70 countries worldwide. Its brands are Brembo, Breco, ByBre and Marchesini, and it also operates through the AP Racing brand. ### Response: NO

NO

Italy-based Brembo completes $207 million expansion to auto parts plant in MexicoItalian auto parts manufacturer Brembo, producing braking systems for automobiles and motorcycles, inaugurated the expansion of its factory in the city of Escobedo, Nuevo Leon, where it invested $207 million and created 500 new jobs, informed the state governor, Samuel García. Now with 1,600 workers, Brembo will increase its market share in the USMCA region in the original and aftermarket. The new plant has an extension of 30 thousand square meters. Brembo is a multinational corporation that operates in 15 countries, plus a total of 8 research laboratories, 30 production and business sites through which it sells its own products in over 70 countries worldwide. Its brands are Brembo, Breco, ByBre and Marchesini, and it also operates through the AP Racing brand.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Investment in Canadian building construction down 1.3 percent in MarchAccording to Statistics Canada, investment in building construction declined 1.3 percent to $20.3 billion in March. The residential sector fell 2.1 percent to $14.6 billion, while the non-residential sector went up by 0.9 percent to $5.7 billion. Investment in single family homes was down 1.8 percent to $7.9 billion for March, with seven provinces posting declines. On the other hand, Nova Scotia (+14.1 percent; +$40.4 million) continued to post significant gains in single family investment after a strong February. Multi-unit construction fell 2.4 percent to $6.7 billion in March. Ontario (-4.7 percent; -$135.6 million) played the largest role in the decline, more than offsetting notable gains in Quebec (+4.8 percent; +$58.9 million) and Saskatchewan (+28.6 percent; +$22.8 million). Industrial construction investment increased for the 16th consecutive month, up 3.4 percent to $1.2 billion in March. Overall, eight provinces posted gains, led by Ontario (+5.0 percent; +$27.4 million). Institutional construction investment was up 0.7 percent to $1.4 billion in March. British Columbia continued to increase (+2.6 percent; +$5.4 million), with the construction of a new expansion at Cariboo Memorial Hospital in Williams Lake contributing to the growth. Commercial construction investment was relatively stable for March, edging up 0.1 percent to $3.1 billion. The construction of a new recreational center in Spruce Grove, Alberta contributed to the monthly growth that was recorded. ### Response: NO

NO

Investment in Canadian building construction down 1.3 percent in MarchAccording to Statistics Canada, investment in building construction declined 1.3 percent to $20.3 billion in March. The residential sector fell 2.1 percent to $14.6 billion, while the non-residential sector went up by 0.9 percent to $5.7 billion. Investment in single family homes was down 1.8 percent to $7.9 billion for March, with seven provinces posting declines. On the other hand, Nova Scotia (+14.1 percent; +$40.4 million) continued to post significant gains in single family investment after a strong February. Multi-unit construction fell 2.4 percent to $6.7 billion in March. Ontario (-4.7 percent; -$135.6 million) played the largest role in the decline, more than offsetting notable gains in Quebec (+4.8 percent; +$58.9 million) and Saskatchewan (+28.6 percent; +$22.8 million). Industrial construction investment increased for the 16th consecutive month, up 3.4 percent to $1.2 billion in March. Overall, eight provinces posted gains, led by Ontario (+5.0 percent; +$27.4 million). Institutional construction investment was up 0.7 percent to $1.4 billion in March. British Columbia continued to increase (+2.6 percent; +$5.4 million), with the construction of a new expansion at Cariboo Memorial Hospital in Williams Lake contributing to the growth. Commercial construction investment was relatively stable for March, edging up 0.1 percent to $3.1 billion. The construction of a new recreational center in Spruce Grove, Alberta contributed to the monthly growth that was recorded.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Canadian new vehicle sales up 37.5 percent in MarchAccording to Statistics Canada, new motor vehicle sales in March 2023 totaled 150,956 units, reflecting an increase of 37.5 percent month-on-month and an increase of 2.7 percent year-on-year. By value, Canadian vehicle sales in March totaled $8.28 billion, compared to $6.10 billion in February and $7.28 billion in March 2022. Canadian sales of vehicles manufactured in North America totaled 109,890 units in March at a value of $6.21 billion, while sales of vehicles manufactured overseas totaled 41,066 units at a value of $2.07 billion. ### Response: NO

NO

Canadian new vehicle sales up 37.5 percent in MarchAccording to Statistics Canada, new motor vehicle sales in March 2023 totaled 150,956 units, reflecting an increase of 37.5 percent month-on-month and an increase of 2.7 percent year-on-year. By value, Canadian vehicle sales in March totaled $8.28 billion, compared to $6.10 billion in February and $7.28 billion in March 2022. Canadian sales of vehicles manufactured in North America totaled 109,890 units in March at a value of $6.21 billion, while sales of vehicles manufactured overseas totaled 41,066 units at a value of $2.07 billion.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: SMM Evening Comments (May 17): Shanghai Nonferrous Metals Closed Mixed amid Worry about Economic Recession and a Possible Fed Rate HikeSHANGHAI, May 17 (SMM) - Shanghai nonferrous metals closed mixed gains in day trading. The US dollar index closed up slightly. Some US Fed officials made hawkish remarks, expressing their hope to reduce inflation and support for a further rate hike if necessary. Data released by the US Census Bureau yesterday showed that retail sales in the US rose by 0.4% month-on-month in April, lower than market expectations of 0.8%. While US consumption is supported by a buoyant labour market, concerns about an economic downturn remain.   ### Response: NO

NO

SMM Evening Comments (May 17): Shanghai Nonferrous Metals Closed Mixed amid Worry about Economic Recession and a Possible Fed Rate HikeSHANGHAI, May 17 (SMM) - Shanghai nonferrous metals closed mixed gains in day trading. The US dollar index closed up slightly. Some US Fed officials made hawkish remarks, expressing their hope to reduce inflation and support for a further rate hike if necessary. Data released by the US Census Bureau yesterday showed that retail sales in the US rose by 0.4% month-on-month in April, lower than market expectations of 0.8%. While US consumption is supported by a buoyant labour market, concerns about an economic downturn remain.  

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: United Nations Raises Economic Growth Forecast for China, US and EU, Unveils Latest World Economic Forecast for 2023-2024According to the Interim World Economic Situation and Prospects for Mid-2023 report issued by the United Nations, which shows that the prospects for a strong recovery of the global economy remain bleak amid rising inflation, interest rates and heightened uncertainty. ### Response: NO

NO

United Nations Raises Economic Growth Forecast for China, US and EU, Unveils Latest World Economic Forecast for 2023-2024According to the Interim World Economic Situation and Prospects for Mid-2023 report issued by the United Nations, which shows that the prospects for a strong recovery of the global economy remain bleak amid rising inflation, interest rates and heightened uncertainty.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: Chile Gives Green Light to Mining Tax ReformChile's lower house of parliament finally approved a long-awaited mining tax reform on Wednesday that now only needs to be signed by leftist President Boric, who has publicly supported the reform, to become law. ### Response: NO

NO

Chile Gives Green Light to Mining Tax ReformChile's lower house of parliament finally approved a long-awaited mining tax reform on Wednesday that now only needs to be signed by leftist President Boric, who has publicly supported the reform, to become law.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: US power grids vulnerable to extreme heat conditions this summer, NERC saysMay 17 (Reuters) - Large parts of the United States and some areas in Canada, home to around 165 million people, could face energy shortfalls during periods of extreme heat this summer, a group that sets reliability standards for North American electric grids warned.In its summer outlook released on Wednesday, the North American Electric Reliability Corp (NERC) put the U.S. West, Midwest, Texas, Southeast, and New England, along with Ontario in Canada, at elevated risk of 'insufficient operating reserves in above-normal conditions.'NERC said extreme heat events put the U.S. West at risk of an energy supply shortfall as it relies on regional energy transfers to meet demand at peak or when solar output is diminished.'Wildfire risks to the transmission network, which often accompany these wide-area heat events, can limit electricity transfers and result in localized load shedding,' NERC said.In the U.S. Midwest, NERC said the Midcontinent ISO could face challenges in meeting above-normal peak demand if wind generator energy output is lower than expected.In Texas, NERC said resources are adequate for peak demand of the average summer as the state has added over 4 gigawatt of new solar capacity to its grid since last year.But the group warned that 'dispatchable generation may not be sufficient to meet reserves during an extreme heat-wave that is accompanied by low winds.'NERC said New England and Ontario may need to rely on non-firm imports during extreme demand or low resource conditions, while the Southeast is vulnerable due to flat growth in generating resources.Limited operation of coal-fired power plants due to new environmental regulations, low water levels on major reservoirs, unexpected tripping of wind and solar resources, and curtailed transfers to areas in need also posed reliability concerns, NERC added.NERC has become more assertive in warning about reliability concerns in recent years after power grid operators were forced to impose rotating outages in California in August 2020 and in Texas in February 2021.Our Standards: The Thomson Reuters Trust Principles. ### Response: NO

NO

US power grids vulnerable to extreme heat conditions this summer, NERC saysMay 17 (Reuters) - Large parts of the United States and some areas in Canada, home to around 165 million people, could face energy shortfalls during periods of extreme heat this summer, a group that sets reliability standards for North American electric grids warned.In its summer outlook released on Wednesday, the North American Electric Reliability Corp (NERC) put the U.S. West, Midwest, Texas, Southeast, and New England, along with Ontario in Canada, at elevated risk of 'insufficient operating reserves in above-normal conditions.'NERC said extreme heat events put the U.S. West at risk of an energy supply shortfall as it relies on regional energy transfers to meet demand at peak or when solar output is diminished.'Wildfire risks to the transmission network, which often accompany these wide-area heat events, can limit electricity transfers and result in localized load shedding,' NERC said.In the U.S. Midwest, NERC said the Midcontinent ISO could face challenges in meeting above-normal peak demand if wind generator energy output is lower than expected.In Texas, NERC said resources are adequate for peak demand of the average summer as the state has added over 4 gigawatt of new solar capacity to its grid since last year.But the group warned that 'dispatchable generation may not be sufficient to meet reserves during an extreme heat-wave that is accompanied by low winds.'NERC said New England and Ontario may need to rely on non-firm imports during extreme demand or low resource conditions, while the Southeast is vulnerable due to flat growth in generating resources.Limited operation of coal-fired power plants due to new environmental regulations, low water levels on major reservoirs, unexpected tripping of wind and solar resources, and curtailed transfers to areas in need also posed reliability concerns, NERC added.NERC has become more assertive in warning about reliability concerns in recent years after power grid operators were forced to impose rotating outages in California in August 2020 and in Texas in February 2021.Our Standards: The Thomson Reuters Trust Principles.

You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.

Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request. ### Instruction: You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only. ### Input: BP unit to pay record $40 million to settle US air pollution civil chargesWASHINGTON, May 17 (Reuters) - A subsidiary of BP plc (BP.L) will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice Department said on Wednesday.The DOJ will require the oil major to make significant investments to curb benzene pollution at its 134 year old Whiting, Indiana refinery, which has a history of violating federal regulations limiting benzene in refinery wastewater streams.The settlement between BP Products North America Inc., the Justice Department and the Environmental Protection Agency will also require the company to invest approximately $197 million in new technology and other capital improvements to reduce air pollution.Those improvements are expected to reduce benzene by an estimated seven tons per year, other hazardous air pollutants (HAP) by 28 tons per year, and volatile organic compound emissions (VOC) by 372 tons per year at its Whiting Refinery in Indiana, the Justice Department said.“This settlement sends an important message to the refining industry that the United States will take decisive action against illegal benzene and VOC emissions,” Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division said in a statement.“Under the settlement, the refinery will implement controls that will greatly improve air quality and reduce health impacts on the overburdened communities that surround the facility.”BP said the capital investments agreed upon will be done in close coordination with state and federal regulators over the next several years.'As we move forward, our commitment to safe, compliant and reliable operations remains unwavering at Whiting and everywhere we operate,' spokesperson Christina Audisho said in a statement.BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery is the sixth-biggest by capacity in the United States and the company's largest in the nation, according to the U.S. Energy Information Administration.The company reported a record profit of $28 billion for 2022, joining other oil majors in blockbuster profits after energy prices surged in the wake of Russia's invasion of Ukraine.The EPA had previously uncovered benzene problems in Whiting's wastewater from 2003-2008. The BP refinery near Lake Michigan released nearly 16 times the legal limit of benzene allowed by the Clean Air Act, the EPA said in 2009.Following the EPA's investigation, BP spent about $4 billion to expand the Whiting refinery to process heavy Canadian crude. The expansion and upgrade project had drawn opposition in the Chicago area because of the increased pollution that would result.BP said at the time that the expansion included $1.4 billion in environmental improvements that would enhance the performance of the wastewater treatment plant.Many U.S. refineries also violate the Clean Air Act by releasing high levels of benzene at refinery fencelines.Nine U.S. Gulf Coast refineries exceeded the federal regulatory action level between 2018 and 2020 for pollution from benzene, according to a study by the Environmental Integrity Project (EIP) released in May of last year.The nine are among 56 U.S. refineries with high benzene levels, the study said.The latest settlement terms, filed in a proposed consent decree in the U.S. District Court for the Northern District of Indiana, will require approval from a federal judge.BP also agreed to undertake a $5 million supplemental environmental project to reduce diesel emissions in the communities surrounding the Whiting Refinery and install 10 air pollutant monitoring stations.Our Standards: The Thomson Reuters Trust Principles.Thomson ReutersSarah N. Lynch is the lead reporter for Reuters covering the U.S. Justice Department out of Washington, D.C. During her time on the beat, she has covered everything from the Mueller report and the use of federal agents to quell protesters in the wake of George Floyd’s murder, to the rampant spread of COVID-19 in prisons and the department's prosecutions following the Jan. 6 attack on the U.S. Capitol. Thomson ReutersReports on oil and energy, including refineries, markets and renewable fuels. Previously worked at Euromoney Institutional Investor and CNN. ### Response: NO

NO

BP unit to pay record $40 million to settle US air pollution civil chargesWASHINGTON, May 17 (Reuters) - A subsidiary of BP plc (BP.L) will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice Department said on Wednesday.The DOJ will require the oil major to make significant investments to curb benzene pollution at its 134 year old Whiting, Indiana refinery, which has a history of violating federal regulations limiting benzene in refinery wastewater streams.The settlement between BP Products North America Inc., the Justice Department and the Environmental Protection Agency will also require the company to invest approximately $197 million in new technology and other capital improvements to reduce air pollution.Those improvements are expected to reduce benzene by an estimated seven tons per year, other hazardous air pollutants (HAP) by 28 tons per year, and volatile organic compound emissions (VOC) by 372 tons per year at its Whiting Refinery in Indiana, the Justice Department said.“This settlement sends an important message to the refining industry that the United States will take decisive action against illegal benzene and VOC emissions,” Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division said in a statement.“Under the settlement, the refinery will implement controls that will greatly improve air quality and reduce health impacts on the overburdened communities that surround the facility.”BP said the capital investments agreed upon will be done in close coordination with state and federal regulators over the next several years.'As we move forward, our commitment to safe, compliant and reliable operations remains unwavering at Whiting and everywhere we operate,' spokesperson Christina Audisho said in a statement.BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery is the sixth-biggest by capacity in the United States and the company's largest in the nation, according to the U.S. Energy Information Administration.The company reported a record profit of $28 billion for 2022, joining other oil majors in blockbuster profits after energy prices surged in the wake of Russia's invasion of Ukraine.The EPA had previously uncovered benzene problems in Whiting's wastewater from 2003-2008. The BP refinery near Lake Michigan released nearly 16 times the legal limit of benzene allowed by the Clean Air Act, the EPA said in 2009.Following the EPA's investigation, BP spent about $4 billion to expand the Whiting refinery to process heavy Canadian crude. The expansion and upgrade project had drawn opposition in the Chicago area because of the increased pollution that would result.BP said at the time that the expansion included $1.4 billion in environmental improvements that would enhance the performance of the wastewater treatment plant.Many U.S. refineries also violate the Clean Air Act by releasing high levels of benzene at refinery fencelines.Nine U.S. Gulf Coast refineries exceeded the federal regulatory action level between 2018 and 2020 for pollution from benzene, according to a study by the Environmental Integrity Project (EIP) released in May of last year.The nine are among 56 U.S. refineries with high benzene levels, the study said.The latest settlement terms, filed in a proposed consent decree in the U.S. District Court for the Northern District of Indiana, will require approval from a federal judge.BP also agreed to undertake a $5 million supplemental environmental project to reduce diesel emissions in the communities surrounding the Whiting Refinery and install 10 air pollutant monitoring stations.Our Standards: The Thomson Reuters Trust Principles.Thomson ReutersSarah N. Lynch is the lead reporter for Reuters covering the U.S. Justice Department out of Washington, D.C. During her time on the beat, she has covered everything from the Mueller report and the use of federal agents to quell protesters in the wake of George Floyd’s murder, to the rampant spread of COVID-19 in prisons and the department's prosecutions following the Jan. 6 attack on the U.S. Capitol. Thomson ReutersReports on oil and energy, including refineries, markets and renewable fuels. Previously worked at Euromoney Institutional Investor and CNN.