Steel Producers


  • LAUNCESTON, Australia, Aug 25- Something doesn't quite add up with China's rising steel production, but falling coal output and imports so far this year. China's raw steel output was 480.76 million tonnes in the first seven months of 2014, up 2.7 percent from the same period a year earlier, according to data from the National Bureau of Statistics.

  • WASHINGTON, Aug 22- The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry.

  • WASHINGTON, Aug 22- The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from seven countries, exempting two, handing a victory to domestic producers who had complained that the cheap imports were undercutting their prices.

  • SAO PAULO, Aug 15- Whichever way Brazil's steel industry looks it sees pain. "Only a crazy person would invest in Brazil right now," CSN Chief Executive Benjamin Steinbruch told a conference in Sao Paulo this week.

  • Euro zone growth scare weighs on European shares Thursday, 14 Aug 2014 | 3:27 AM ET

    *Germany's DAX down 0.3 pct, France's CAC down 0.5 pct. By 0712 GMT, the pan-European FTSEurofirst 300 index was 0.3 percent lower at 1,322.09 points, Germany's DAX also fell 0.3 percent and France's CAC dropped 0.5 percent.

  • NEW DELHI/ LONDON, Aug 13- Italy's claims that a sale of parts of insolvent Italian steelmaker Lucchini to India's JSW Steel will be concluded within days are premature, a top JSW executive said on Wednesday.

  • SHANGHAI, Aug 13- Chinese power generation grew 3.3 percent in July from a year earlier, but the rate of increase eased from the month before as a slowing economy hit production in power-intensive sectors such as steel, autos and machinery.

  • BEIJING, Aug 13- China produced 68.32 million tonnes of crude steel in July, down 1.4 percent from the month before as mills began cutting output during the off-season.

  • SAO PAULO, Aug 12- The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port.

  • Nikkei extends rebound, but investors remain cautious Monday, 11 Aug 2014 | 10:42 PM ET

    *Investors remain concerned about Ukraine, Middle East. The Nikkei rose 0.4 percent to 15,192.13, extending its rebound from a low of 14,753 hit on Friday due to the concerns that conflicts in Ukraine and the Middle East could hamper world growth.

  • *BCI launches friendly $237 mln offer for Iron Ore Holdings. SYDNEY, Aug 11- BC Iron Ltd has launched a friendly cash and share offer worth around A $256 million for smaller rival Iron Ore Holdings Ltd, the second takeover in a month aimed at beefing up production in Australia's main iron ore region.

  • SYDNEY, Aug 11- Australia's BC Iron Ltd on Monday launched a friendly cash and share offer worth around A $256 million for smaller rival Iron Ore Holdings Ltd aimed at beefing up production in Australia's premier iron ore region.

  • Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.

  • LONDON, Aug 8- Ukrainian companies' dollar bonds are lower than they've been for months on fears the country's worsening economy, armed rebellion and dispute with Russia will send more of them the way of agro firm Mriya, which has hinted at a debt restructuring.

  • LONDON, Aug 7- Rio Tinto indicated it would not take part in a tender for the mining rights for the northern half of the disputed Guinea iron ore deposit Simandou, saying the government would prefer other companies to invest.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Aug 7- Just how serious is China about cutting or limiting coal consumption? The latest was from the Beijing Municipal Environmental Protection Bureau, which was reported by state media as saying coal use will be banned in the six main districts of the capital by the end of 2020..

  • LAUNCESTON, Australia, Aug 5- Prices for thermal and coking coal appear poised to diverge, with the power-plant fuel remaining mired in the doldrums and the steel-making ingredient posting modest gains. The 2011 high was reached after severe flooding in Queensland state, the main coking coal producer in top exporter Australia.

  • *FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct. *Banco Espirito Santo stock sinks 19 pct. But stocks remained deep in negative territory, with a broad index trading at 3-1/ 2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.

  • *Metinvest accounts for around 40 pct of Ukraine's steel output. MOSCOW, Aug 1- Metinvest, Ukraine's largest steelmaker, said on Friday it was no longer accepting new orders from buyers due to the months-long crisis in east Ukraine which has forced it to cut production.

  • MOSCOW, Aug 1- Ukraine's largest steelmaker Metinvest said on Friday it was no longer accepting new orders from buyers due to the months-long crisis in east Ukraine which has forced it to cut production. "Until the situation becomes clear, the decision was taken to stop taking new orders and focus on fulfilling existing contracts," a company spokesman said.