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  • Usiminas is controlled through a shareholder pact between Luxembourg- based Ternium SA and Japan's Nippon Steel& Sumitomo Metal Corp but the two have been at loggerheads for six months over the departure of Usiminas' former CEO, leading to a number of court cases and appeals to the regulator. Last October, Ternium increased its stake with a 616.7 million reais...

  • LONDON, April 14- Copper hit a near four-week low on Tuesday as investors eyed a strong dollar and concern grew over demand in top consumer China a day before the country gives an update on its economic growth. China, which consumes some 45 percent of the world's copper, will report gross domestic product for the first quarter on Wednesday and traders say there are...

  • *LME tin breaks below $16,000 T for first time since June 2010. MELBOURNE, April 14- London copper prices snapped key support on Tuesday to fall to a four-week low as souring sentiment over China's economic growth sapped expectations for demand. People are now probably looking to see if Chinese authorities are going to take any more significant measures to...

  • *China copper premiums jump $10 to $75- Shmet. MELBOURNE, April 14- London copper prices steadied on Tuesday as investors bet that Beijing would take fresh measures to shore up its economy after surprisingly weak trade data. "The overall picture isn't particularly inspiring in China at the minute, so people are now probably looking to see if Chinese authorities...

  • MELBOURNE, April 14- London zinc and lead fell on Tuesday, after a chart-based rally was cut short against a backdrop of growing doubts over the outlook for demand in top user China, which also dragged on London copper prices. *Benchmark zinc and lead on the London Metal Exchange dropped 1 percent, after failing to break their 200- day moving averages during London...

  • HOUSTON, April 12- More than 400 striking hourly workers represented by the United Steelworkers union at Lyondell Basell Industries' Houston refinery are scheduled to vote on the company's last, best and final offer on Monday and Tuesday, a local union official said on Sunday. USW Local 13 -227' s executive committee recommended on Sunday that the union's...

  • Prices of the steel-making ingredient for immediate delivery have slumped 60 percent over the past year as demand particularly from China slowed rapidly. A combination of factors brought about the recent capitulation in forward prices, most notably news that China plans to subsidize its iron ore sector to protect its flagging steel industry.

  • Iron ore in fresh crisis as forward prices crumble Thursday, 9 Apr 2015 | 5:00 PM ET

    Prices of the steel-making ingredient for immediate delivery have slumped 60 percent over the past year as demand particularly from China slowed rapidly. A combination of factors brought about the recent capitulation in forward prices, most notably news that China plans to subsidise its iron ore sector to protect its flagging steel industry.

  • LONDON, April 8- The iron ore casualties are piling up as the price plumbs ever new depths. The price of benchmark 62 percent ore as assessed by The Steel Index is now trading below $50 per tonne, which is the lowest level since TSI started compiling spot market prices in 2008.. Just in the last week Canada's Labrador Iron Mines has initiated a court-supervised...

  • *Seeks debt repayment holiday until January 2016. MOSCOW, April 8- Left with barely any cash as a result of Ukraine's economic and political turmoil, the country's largest steel company, Metinvest, has asked creditors for a timeout on repayments. Falling output, collapsed domestic demand and weaker prices on the global market have forced Metinvest-- owned by one of...

  • MELBOURNE, April 8- Shanghai nickel slid more than 3 percent on Wednesday, echoing losses in London, on concerns that China's struggling construction sector would corrode demand. *The most-traded nickel contract on the Shanghai Futures Exchange had dropped 3 percent to 93,880 yuan a tonne by 0145 GMT, following similar losses in London. *The most-traded June...

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 7- Coking coal prices are yet to show signs of bottoming with bearish signals from both contract talks between Australian producers and Japanese buyers as well as Chinese demand. Hard coking coal for second quarter delivery was settled at $109.50 a tonne free-on-board between producer BHP...

  • SINGAPORE, April 7- Chinese steelmakers are unwittingly helping the world's biggest iron ore miners tighten their grip on global production by demanding to pay for shipments of the raw material based closely on depressed spot prices. The three largest and most profitable iron ore producers- Australia's Rio Tinto and BHP Billiton, along with Brazil's Vale-...

  • Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years, the Ministry of Economy, Trade and Industry said on Thursday. The fall would mark the latest in a series of signs of economic slowdown, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy and...

  • RIO DE JANEIRO, March 30- Nippon Steel& Sumitomo Metal Corp said on Monday it had reported Ternium SA to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The Japanese steelmaker said Ternium's move was an attempt to influence the vote for a new...

  • SYDNEY, April 1- A half-decade after insulating Australia from the worst of the global financial crisis, the mining state of Western Australia is for the first time being forced to defer much-needed royalties as iron ore prices plummet. Western Australia- five times the size of Texas- counts on royalties from mining companies for tens of thousands of jobs and...

  • *China official PMI edges up to 50.1 in March. *China bonded nickel premiums jump $15 on bargain-hunting. MELBOURNE, April 1- London copper prices steadied on Wednesday after Chinese factory activity performed a fraction better than expected, while nickel plumbed new six-year lows as China nickel pig iron producers sold stocks to raise cash.

  • Nippon Steel says sought injunction against Ternium Tuesday, 31 Mar 2015 | 8:20 PM ET

    RIO DE JANEIRO, March 31- Nippon Steel& Sumitomo Metal Corp said on Tuesday it was seeking an injunction against Ternium SA in Brazil for transferring shares in steelmaker Usiminas, which they jointly control, to third parties. The injunction sought from a court in Minas Gerais state on Monday comes after the Japanese steelmaker reported Ternium to Brazil's CVM...

  • RIO DE JANEIRO, March 30- Nippon Steel& Sumitomo Metal Corp said on Monday it had reported Ternium to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The Japanese steelmaker said Ternium's move was an attempt to influence the vote for a new...

  • LONDON, March 30- Nickel hit its lowest in nearly six years on Monday, as faltering demand for stainless steel and worries that a new tax in Malaysia might push metal into the market dented sentiment. In Malaysia, which stores almost half of the LME's nickel inventories at around 210,000 tonnes, a new government tax may force owners to sell metal rather than bear the...