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  • WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. Duties will apply beginning Dec. 16, according to the letter from Ronald K. Lorentzen, the Commerce Department's deputy assistant secretary for enforcement and...

  • U.S. says to scrap trade deal on Russian steel duties Tuesday, 21 Oct 2014 | 9:26 AM ET

    WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year old deal sheltering Russian flat-rolled steel producers from potential steep duties, it said in a letter to Russian authorities published on Monday.

  • BEIJING, Oct 21- China's daily crude steel runs rose 1.3 percent in September to the highest level in three months, data from the country's statistics agency showed, suggesting mills were still close to full capacity despite weak demand and a steep slump in prices. China produced 67.54 million tonnes of crude steel in September, down 2 percent from the previous...

  • Steel Dynamics misses 3Q profit forecasts Monday, 20 Oct 2014 | 6:13 PM ET

    FORT WAYNE, Ind. _ Steel Dynamics Inc. on Monday reported third-quarter profit of $91.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $2.12 billion, according to Zacks.

  • *Gulf of Oman port bids to become transhipment centre for region. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. The cheeky advertisement has been posted by Sohar Port and Freezone, an ambitious facility on Oman's northern coast about 200 kilometres to the southeast of Dubai.

  • BRASILIA/ RIO DE JANEIRO, Oct 16- An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, the company that made the petition, holds nearly all the significant...

  • BEIJING/ SHANGHAI, Oct 16- Chinese companies are on a pace to cut capital spending by around 7 percent this year, the biggest annual reduction since the global financial crisis, deepening an economic chill. The cutbacks could persist, indicating that China's economy, which has relied heavily on investment, will need to speed up rebalancing to feed growth.

  • MUMBAI/ LONDON, Oct 15- India's Tata Steel Ltd is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva- based Klesch Group, as it battles weak prices and tentative economic recovery. Tata, Europe's second-largest steel producer, said in a statement it had agreed to negotiate with Klesch over its Long...

  • BEIJING, Oct 15- China's consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast unless governments take bolder measures to shore up their economies. Facing mounting risks to growth and rising risks of deflation, Beijing is widely expected to continue rolling out a steady stream...

  • INTERNATIONAL TRADE COMMISSION SAYS STEEL INDUSTRY IS AT RISK FROM STEEL REBAR IMPORTS FROM MEXICO, TURKEY, CLEARING WAY FOR DUTIES.

  • LONDON, Oct 14- Copper prices rose to a two-week high on Tuesday, buoyed by confidence about the outlook for demand from top consumer China following its plans to step-up infrastructure projects. The outlook for copper, which is mainly used in the power and construction industries, brightened after a senior official at China's economic planner said the...

  • METALS-LME copper hits 2-wk peak on China outlook Tuesday, 14 Oct 2014 | 4:01 AM ET

    SYDNEY, Oct 14- London copper climbed to fresh two-week peaks on Tuesday, boosted by technical buying after China reaffirmed plans to step up infrastructure projects to support growth, following robust September trade data. China's investment growth should pick up in the coming months as authorities hasten construction of water conservation projects and...

  • MANILA, Oct 14- Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and stoking a shortfall in the global supply of ore. But, with a ban on raw metal shipments by former top exporter Indonesia, the seasonal decline in the Philippines' output could force China's vast stainless steel...

  • MELBOURNE, Oct 10- Australia must hold urgent talks with China to exempt coal producers from new tariffs in a free trade agreement due to be completed this year, an industry body said, following Beijing's move to reintroduce coal tariffs after nearly a decade. The tariffs would hit Australian producers hardest as its main coal export rival, Indonesia, is exempt...

  • MELBOURNE, Oct 10- Australia must hold urgent talks with China to exempt coal producers from new tariffs in a free trade agreement due to be completed this year, an industry body said, following Beijing's move to reintroduce coal tariffs after nearly a decade. China took nearly a quarter of Australia's metallurgical coal exports in the year to June 2014, buying A...

  • Ukraine pins economic hopes on conflict-hit industry Tuesday, 7 Oct 2014 | 11:00 AM ET

    *Ukraine pins recovery on regions hit by rebellion. KIEV/ MOSCOW, Oct 7- The main hope for Ukraine's shattered economy lies buried beneath the rubble left by months of fighting in two eastern regions which are home to much of its crippled industrial power. We're existing only on hope, "said Yuri, a worker at Zhdanovskaya- Ukraine's fourth-largest colliery with coal...

  • Dennis Gartman

    Investors should stay away from Brazil amid its presidential election, Dennis Gartman says.

  • UPDATE 1-China to cut steel exports in 2015 - CISA Monday, 6 Oct 2014 | 10:14 AM ET

    MOSCOW, Oct 6- China will likely decrease steel exports in 2015 following the cancellation this year of export incentives such as tax rebates, a China Iron Ore and Steel Association official told Reuters on Monday. Next year we forecast that the Chinese exports will decrease compared with this year, "Chi Jingdong, deputy secretary general of CISA told Reuters at...

  • LONDON/ MELBOURNE, Oct 6- BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tonnes from its mines as it aims to overtake rival Rio Tinto as the world's cheapest producer, the world's largest miner said on Monday. The focus of mining companies has shifted towards cost cutting as iron ore prices have dropped from about $190...

  • *Iran steel exports surge to 1.26 mln T from Jan- July 2014. *Foreign firms line up to tap Iran steel sector- Tehran. LONDON/ MOSCOW, Oct 5- Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade and replace at least a small part of the massive revenue it loses due to sanctions on its oil sales.