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Steel Producers

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  • Big River Steel gets extension in suit over mill Wednesday, 10 Sep 2014 | 11:26 AM ET

    Nucor, which operates its own steel mill in Mississippi County, had opposed the request for an extension, saying any delay in the case will make it more difficult to stop the project. "With each passing day, more resources are poured into the construction of the facility," attorneys for Nucor wrote in a court filing.

  • METALS-Copper edges up, dollar, China worries limit gains Wednesday, 10 Sep 2014 | 8:30 AM ET

    LONDON, Sept 10- Copper prices rose on Wednesday but remained near a one-month low due to concerns about growth in top consumer China and a strong dollar, while nickel slipped as supply worries eased.

  • METALS-Copper steadies as dollar's rally eases Wednesday, 10 Sep 2014 | 6:57 AM ET

    LONDON, Sept 10- Copper prices steadied on Wednesday near a one-month low, after hefty falls in the previous session, as the dollar's surge against a basket of currencies stabilized, while nickel slipped as supply worries eased.

  • MOSCOW, Sept 10- Russian indebted coal-to-steel group Mechel is considering selling its core assets and hopes to earn between $2 billion and $3 billion over two or three years, its chief executive Oleg Korzhov told Vedomosti newspaper.

  • LONDON, Sept 9- Nickel shed over 5 percent on Tuesday after worries faded about a squeeze on supply from the Philippines, and other metals were knocked by a robust dollar that hit a 14- month high. Three month nickel on the London Metal Exchange ended at $18,925 a tonne, down 5.04 percent and making for the biggest one day price fall since May 15.

  • LONDON, Sept 9- Nickel shed 2 percent on Tuesday after worries faded about a squeeze on supply from the Philippines and other metals were knocked by a robust dollar that hit a 14- month high. Three month nickel on the London Metal Exchange slipped 1.8 percent to $19,580 a tonne by 0951 GMT, having hit its highest since July 3 at $19,940 on Monday.

  • SYDNEY, Sept 9- London nickel slipped from near two-month highs on Tuesday as the dollar rose, sparking profit-taking across metals, but gains were underpinned by prospects of an ore export ban from the Philippines.

  • LONDON, Sept 8- Everyone knew this was going to be a difficult year in the iron ore market. Expansions by existing producers such as Rio Tinto and BHP Billiton and ramp-ups by newer players in Australia and West Africa were widely expected to generate a wall of supply in the sea-borne market.

  • *Copper shipments steady, crude oil imports rise. *China steel mills have been slashing output. China's economy has had a bumpy ride this year.

  • BEIJING, Sept 8- China's import growth unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year and stoking speculation about whether authorities should loosen policy further to revive domestic demand.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 8- If you were trying to distil China's commodity imports for August into a single word, that word may be cautious.

  • *China steel mills have been slashing output. SHANGHAI, Sept 8- China, the world's top buyer of iron ore, coal and soybeans, saw imports of those commodities fall sharply in August from the previous month amid slackening demand and abundant supply, while rapidly falling prices also kept buyers on the sidelines.

  • STOCKHOLM, Sept 7- For many Swedish businesses and prosperous households, years of falling taxes and reforms that put maids in middle class homes and fed a consumer boom in luxury cars and holidays in Asia may be drawing to a close.

  • LONDON, Sept 5- Copper edged up on Friday after lower-than-expected U.S. jobs data reassured investors that the Federal Reserve would not speed up plans to increase interest rates, though gains were capped by growing supplies.

  • LONDON, Sept 5- Copper prices were little changed on Friday as investors weighed weak U.S. jobs data and growing metal supplies versus speculation the European Central Bank's move to cut interest rates would help spur an economic revival in Europe.

  • LONDON, Sept 5- Copper prices edged higher on Friday, boosted by speculation the European Central Bank's move to cut interest rates would help spur an economic revival in Europe, but gains were kept in check by concerns about growing copper supplies.

  • METALS-Copper climbs as ECB rate cut supports metals Thursday, 4 Sep 2014 | 10:43 PM ET

    SYDNEY, Sept 5- London copper climbed on Friday after the European Central Bank cut interest rates, freeing up capital for industry and investors, but was set to close the week with small losses as mine shipments snake into markets.

  • Ragtag volunteers line up to defend Ukrainian city Thursday, 4 Sep 2014 | 2:03 PM ET

    *Russia denies it has sent arms, troops to Ukraine. MARIUPOL, Ukraine, Sept 4- In the backyard of a former school, masked volunteers snap to attention to mark the creation of a new fighting unit in the port city of Mariupol in southeastern Ukraine.

  • The proposed halt is similar to a ban introduced by Indonesia that led to a sharp spike in nickel prices and cut other ore exports from January. The ban in Indonesia has led stainless steel makers in China and in Japan to source more ore from the Philippines.

  • *Nisshin Steel sinks on share offering. Still, many large-cap shares were listless as geopolitical concerns added to an already shaky outlook for Japan's economy, due to soft domestic consumption and lacklustre exports. Kajima Corp rose 0.9 percent while Kumagai Gumi jumped 5.7 percent to hit an eight-year high.