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Steel Producers

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  • SYDNEY, April 11- London nickel reached its highest in 13 months on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • SYDNEY, April 11- London nickel held near a more than one-year top on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices touched their highest in more than a year on Thursday as speculators continued to buy up futures on concerns about shortages following a ban on ore exports from Indonesia.

  • LONDON, April 10- China Kingho Energy Group, one of China's largest privately owned energy groups, said it has more than ten interested parties for its $6 billion- plus investment in infrastructure, energy and iron ore mining in Sierra Leone.

  • *Copper, iron ore see double-digit month-on-month growth in March. SHANGHAI, April 10- China's imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world's top metals consumer, though crude oil shipments dropped after three months of high inbound volumes.

  • METALS-Nickel hits one-year high on shortage concerns Thursday, 10 Apr 2014 | 6:13 AM ET

    *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices rose to their highest level in more than a year on Thursday on concerns about shortages following a ban on ore exports from Indonesia.

  • *China copper imports jump 10.8 pct in March on month to 420,000 T. *China exports unexpectedly fall in March; imports weak. "NPI prices are going up in China and that's because of cost pressures the producers are facing with higher costs for their feeds," said Matt Fusarelli at AME Group in Hong Kong, referring to nickel pig iron, a cheaper substitute for refined nickel.

  • *China copper imports jump 10.8 pct in March on month to 420,000 T. SYDNEY, April 10- London nickel extended gains to a fresh one year high on Thursday as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from top ore exporter Indonesia.

  • METALS-London copper edges up after Fed minutes Wednesday, 9 Apr 2014 | 9:26 PM ET

    SYDNEY, April 10- London copper edged up on Thursday, supported by the prospect U.S. interest rates may not rise as soon as previously thought, while investors were awaiting Chinese trade data to shed fresh light on demand in the world's top consumer.

  • US senators urge full enforcement on steel imports Wednesday, 9 Apr 2014 | 6:13 PM ET

    WASHINGTON— A group of senators seeking to protect jobs is calling on President Barack Obama's administration to fully enforce trade laws in deciding whether imported steel reinforcing bar from Turkey and Mexico unfairly undercuts U.S. prices.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.

  • *Prices for stocks at China ports up more than 15 pct. HONG KONG, April 9- Producers of an alternative to refined nickel in China are expected to cut output as prices for ore imports have nearly doubled since end-February in the wake of a ban on shipments by top exporter Indonesia.

  • MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.

  • Correction: US Steel-Icy Shutdown story Tuesday, 8 Apr 2014 | 11:48 AM ET

    INDIANAPOLIS— In an April 7 story about ice on the Great Lakes interfering with steel production, The Associated Press reported erroneously that production at U.S. Crews work to clear Great Lakes shipping pathways.

  • Crews work to clear Great Lakes shipping pathways Monday, 7 Apr 2014 | 1:11 PM ET

    INDIANAPOLIS— U.S. and Canadian Coast Guard crews kept up their battle Monday to clear pathways for vessels hauling vital raw materials on the ice-clogged Great Lakes, where a shipping logjam forced a weeklong shutdown of the nation's largest steel factory.

  • LONDON, April 7- Britain's second largest steelmaker SSI UK said it expects to record its first ever profit this year and to add much needed jobs in England's north east, but added market conditions were tough and that its future was not yet secure.

  • US Steel idles Indiana mill due to lack of ore Saturday, 5 Apr 2014 | 5:19 PM ET

    Steel has temporarily halted steelmaking at its massive northwestern Indiana mill because the ice-covered Great Lakes have cut off its access to vital iron ore and other raw materials.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

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