FORT WAYNE, Ind. _ Steel Dynamics Inc. on Monday reported profit of $91.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $2.12 billion, according to Zacks.» Read More
Emerge Energy Services LP, a master limited partnership that produces sand for use in hydraulic fracturing, began trading a little more than one year ago at $17 per unit. Shares of two other sand miners, U.S. Silica Holdings Inc and Hi Crush Partners LP, have more than doubled in the past year.
SYDNEY, June 18- London copper edged to its highest in nearly two weeks on Wednesday, finding comfort in a pledge by Chinese authorities to support growth as well as a shortfall in immediate supply. *The most-traded August copper contract on the Shanghai Futures Exchange climbed by 0.4 percent to 48,320 yuan a tonne.
WELLINGTON, June 18- A project to mine undersea iron ore sands deposits off the New Zealand coast has been rejected because of uncertainty about the environmental impact of the project, the country's Environmental Protection Authority said on Wednesday.
WASHINGTON/ NEW YORK, June 17- The U.S. steel industry is considering challenging a trade deal with Russia that governs imports of hot-rolled steel, potentially reviving a decades-old dispute amid mounting tensions over Russia's actions in Ukraine, two sources said.
STEEL INDUSTRY CONSIDERS CHALLENGING SUSPENSION AGREEMENT ON ANTIDUMPING DUTIES ON RUSSIAN HOT-ROLLED STEEL IMPORTS- SOURCES.
NEW YORK, June 17- The Italian government has asked ArcelorMittal SA to consider investing in or buying troubled Italian steel producer Ilva, the chief executive officer of the world's largest steelmaker said on Tuesday.
*Gold falls after hitting 3- week high in previous session. LONDON, June 17- Gold fell on Tuesday as investors withdrew money from the top bullion fund before a Federal Reserve meeting, while platinum traded flat as details had yet to emerge on a wage agreement in the South African mining sector.
*China reaffirms 7.5 pct growth target. China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier Li Keqiang said, adding the government was ready to adjust policy to ensure it does.
*Shanghai copper premiums slip by $2.50 to $65- $85. SYDNEY, June 17- London copper steadied on Tuesday after China's leaders reaffirmed a 7.5 percent economic growth target this year, with prospects of further stimulus lifting Shanghai copper to its highest in more than a week.
*Iraq tensions underpin oil, metals prices. SYDNEY, June 17- London copper was a touch firmer on Tuesday after China's leaders reaffirmed a 7.5 percent economic growth target this year, with prospects of further stimulus lifting Shanghai copper to its highest in more than a week.
LONDON, June 16- The London Metal Exchange, competing to offer a replacement for the London silver price benchmark setting process when the current system is disbanded in August, said on Monday it could offer three alternatives.
*European shares lower as Iraq, Ukraine tensions weigh. LONDON, June 16- Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq and Ukraine supported its safe-haven appeal relative to higher-risk assets like equities, while platinum gained ahead of the outcome of talks to end a strike in South African mines.
*Companies need to spend billions to expand in Chile. SANTIAGO/ LONDON, June 16- As top copper producer Chile starts to lose market share, players are betting on fledging suppliers to help feed hunger for the red metal, but no single country is likely to replicate the South American nation's boom of the last century.
SYDNEY, June 16- This year's sharp drop in iron ore prices could force China to close up to 80 million tonnes of domestic mine production, more than a fifth of its total annual output, consultancy Wood Mackenzie said on Monday.
SYDNEY, June 16- Shanghai copper rose to the highest in ten days on Monday, buoyed by prospects of further economic stimulus in China and technical buying after prices broke through a key chart level. *The most-traded August copper contract on the Shanghai Futures Exchange climbed by 1.1 percent to 48,080 yuan a tonne.
SINGAPORE, June 16- Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.
MELBOURNE/ WELLINGTON, June 16- New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea.
NEW DELHI, June 16- For a coal producer trying to navigate India's complex federal structure, size matters. That harsh lesson was learnt by S. Narsing Rao, the outgoing chairman and managing director of Coal India Ltd, the world's biggest coal miner. Even though it is India's second-biggest coal producer, it is small compared with Coal India.
Loudi, CHINA, June 15- ArcelorMittal, the world's top steelmaker, said on Sunday it would use its Chinese joint venture to tap into the country's fast-growing car market, helping offset slackening steel demand on the back of a slowing economy.
NEW YORK/ LONDON, June 13- Palladium tumbled to a one-month low on Friday, extending its biggest drop in nearly a year in the previous session, as investors awaited confirmation that South Africa's longest mining strike would end soon.