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Steel Producers

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  • MOSCOW, Sept 29- Evraz North America, the U.S. unit of Russian steelmaker Evraz, wants to raise about $400 million from an initial public offering of between 25 percent and 35 percent of its shares, two banking sources in Moscow said on Monday.

  • MOSCOW, Sept 29- Evraz North America, the U.S. unit of Russian steelmaker Evraz, wants to raise about $400 million from an initial public offering of between 25 percent and 35 percent of its shares, two banking sources in Moscow said on Monday.

  • UNIT OF RUSSIAN STEELMAKER EVRAZ WANTS TO RAISE ABOUT $400 MLN FROM IPO OF 25-30 PCT OF ITS SHARES- BANKING SOURCES IN MOSCOW.

  • LONDON, Sept 29- Copper prices fell to their lowest level in almost three months on Monday, weighed down by a sharp rise in the dollar and uncertainty about the outlook for growth in China, its top consumer.

  • SYDNEY, Sept 29- London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.

  • SYDNEY, Sept 29- London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.

  • UPDATE 1-Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 1:05 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares.

  • Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 12:29 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares. Citigroup and Goldman Sachs& Co were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus on Friday.

  • RIO DE JANEIRO, Sept 26- Brazilian steelmaker Usiminas said on Friday its board had dismissed Chief Executive Julian Eguren in a divided vote, as two controlling stakeholders clashed over the appointment of senior managers in the firm.

  • DALIAN, China Sept 25- China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.

  • -Clyde Russell is a Reuters columnist. Again, that price level hasn't been clearly spelt out, but I would imagine the big three have a number in mind somewhere above $90 a tonne, with $110 likely viewed as a ceiling.

  • A toxic combination of bountiful supply and slower demand growth in top importer China have hammered iron ore prices to five-year lows, the hardest hit among industrial commodities this year.

  • New dawn for Mexican steel puts Brazil in the shade Tuesday, 23 Sep 2014 | 11:23 AM ET

    MEXICO CITY/ RIO DE JANEIRO, Sept 23- Mexico is emerging as the preferred choice for investors in Latin American steel making as a landmark energy reform and exposure to a U.S. recovery help outshine regional rival Brazil, where the gloom of recession has taken hold.

  • LONDON, Sept 23- It's now a full eight months since Indonesia turned off the supply of nickel ore to China's giant nickel pig iron sector. China's trade figures for August showed imports of just 39,000 tonnes, very much in line with the previous three months.

  • Construction starting at new factory in Buffalo Tuesday, 23 Sep 2014 | 7:15 AM ET

    BUFFALO, N.Y.— The head of a solar power company and New York's governor have broken ground for a new factory at the site of a former steel mill in Buffalo. Lyndon Rive, chief executive of San Mateo, California- based SolarCity, says it can exponentially increase output capacity.

  • MOSCOW, Sept 23- Gazprom Energoholding, the utility unit of Russia's top natural gas producer Gazprom, is planning an initial public offering of its shares in 2016, when foreign capital markets may become more open to Russian firms, its director general said.

  • Groundbreaking held for new Arkansas steel mill Monday, 22 Sep 2014 | 7:03 AM ET

    OSCEOLA, Ark.— Officials broke ground Monday on a $1.3 billion steel mill in northeast Arkansas that's being touted as a boon to the economically struggling Delta region and the largest single private investment in Arkansas' history.

  • BRASILIA/ SAO PAULO, Sept 19- Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration.

  • MOSCOW, Sept 19- Russian bank VTB will have to take legal action to recover debts from Mechel after other attempts to help the struggling steelmaker failed, RIA news agency quoted VTB's chief executive as saying on Friday. Mechel wants its main creditor banks, which besides VTB include Sberbank and Gazprombank, to restructure its debt.

  • MOSCOW, Sept 19- Russia's VTB bank sees applying to court as the only way to solve steelmaker Mechel's debt problems, RIA news agency quoted Andrei Kostin, the bank's chief executive, as saying on Friday.