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  • METALS-Copper edges lower, ECB policy meeting in focus Wednesday, 21 Jan 2015 | 5:48 AM ET

    *Copper down 10 pct in year-to-date. LONDON, Jan 21- Copper prices dipped on Wednesday, under pressure from the uncertain outlook for demand from top consumer China, with investors also eyeing the outcome of this week's European Central Bank policy meeting for signs of stimulus measures. The European economy is "on the brink of deflating" and urgently needs more...

  • *Bonded China nickel premiums up $10 to $85, highest since June. MELBOURNE, Jan 21- London copper edged down on Wednesday, but was still above last week's 5-1/ 2- year low, with trade seen quiet until the outcome of this week's European Central Bank policy meeting on Thursday. China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and...

  • SHANGHAI, Jan 20- China's steel production grew at it slowest rate in more than two decades in 2014 as a cooling economy in the world's largest producer curbed demand and the government moved to tackle overcapacity and pollution. The low growth rate suggests China's authorities have had some success in efforts to lower production and close polluting plants,...

  • LAUNCESTON, Australia, Jan 20- The important thing from China's economic deluge isn't that fourth quarter growth was slightly higher than expected, or even that growth over the whole of 2014 was the weakest in 24 years. What really matters is that 2014 provided the template for what China's economy is going to look like in the next decade. There will be those who...

  • SHANGHAI, Jan 20- China's December crude steel output rose from the previous month, government data showed on Tuesday, as steel mills resumed production after enforced cuts in northern regions. Steel output in the world's largest producer jumped 7.6 percent to 68.09 million tonnes, the highest since August, and climbed 1.5 percent from a year ago, data from the...

  • SHANGHAI, Jan 20- China's December crude steel output rose 7.6 percent to 68.09 million tonnes from the previous month, government data showed on Tuesday, as steel mills resumed production after enforced cuts in northern regions. Steel output in the world's largest producer also climbed 1.5 percent from a year ago, data from the National Bureau of Statistics...

  • *China seeks to move to services to create employment, reduce pollution. *China needs to climb value chain to avoid middle income trap. "It's too early for China to give up manufacturing," said Zhu Baoliang, chief economist at the State Information Centre, a top government think tank in Beijing.

  • LAUNCESTON, Australia, Jan 14- China's record imports of iron ore in December capped a year of strong growth, while also proving that the strategy of the big miners is at least partially working. China brought in 86.85 million tonnes of the steel-making ingredient in December, bringing the total for 2014 to 932.5 million tonnes, a gain of 13.8 percent over the...

  • Barclays, Deutsche and Credit Suisse have left the arena over the last 12 months, both symptom and cause of slower trading growth. As Western banks leave, their places are being taken by Chinese players such as GF Financial, Bank of China and, as of Jan. 26, China Merchant Securities. And metals trading in China itself is booming, with the Shanghai Futures Exchange...

  • BEIJING, Jan 13- China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home. "The surge in imports was largely due to the sharp drop in prices, which encouraged opportunistic restocking," said Nelson Wang, an energy analyst at CLSA...

  • BEIJING, Jan 13- China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home. "The surge in imports was largely due to the sharp drop in prices, which encouraged opportunistic restocking," said Nelson Wang, an energy analyst at CLSA...

  • Stocks of steel?  Wednesday, 7 Jan 2015 | 1:18 PM ET

    KeyBanc analyst Phil Gibbs expects U.S. steel consumption to increase just 2 percent this year versus 5 percent in 2014. CNBC's Morgan Brennan reports the slowdown is oil related.

  • *Cabinet okays new rules to make firing easier, extend benefits. ROME, Dec 24- Italy's government on Wednesday began drawing up the details of a reform that Prime Minister Matteo Renzi said will "revolutionise" the country's labour market when it takes effect some time next year. At the end of a three-hour Cabinet meeting, Renzi told reporters the measures were a "...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes, over $100 million annually, put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...

  • LONDON, Dec 22- Russia has complained that a U.S. move to scrap a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules. As a result, Russian steelmaker Severstal now faces anti-dumping duties of 73.59 percent, while other producers like Novolipetsk Steel and...

  • South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes- over $100 million annually- put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...

  • Moving target: How China steel data masks scale of glut Thursday, 18 Dec 2014 | 4:00 PM ET

    SINGAPORE/ BEIJING, Dec 19- China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40 million tonnes below a key industry estimate- an amount equivalent to Germany's entire annual production. "It is not satisfactory to have doubts about the accuracy of steel production statistics,...

  • UPDATE 1-China Nov iron ore output down 7.5 pct on yr Monday, 15 Dec 2014 | 11:35 PM ET

    BEIJING, Dec 16- China's iron ore output plunged 7.5 percent in November from a year ago to 128.18 million tonnes, data from the statistics bureau showed on Tuesday, largely as a result of mandatory industry closures in northern China during the month. China ordered hundreds of steel mills and mining operations across northern China to suspend operations in...

  • *ArcelorMittal booked block of iron ore trades in Sept. LONDON, Dec 12- Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said...