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Steel Producers

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  • GENEVA, July 14- The World Trade Organization on Monday backed some key claims by India against U.S. countervailing duties on certain steel products, but rejected others. The WTO panel, ruling on the April 2012 case, said that the United States had acted wrongly in claiming some Indian subsidy programs had given Tata unfair advantage.

  • SYDNEY, July 14- Australian miner Sirius Resources NL is in late-stage negotiations with a trio of major nickel smelters to supply up to 26,000 tonnes of nickel concentrate annually, its managing director said.

  • WASHINGTON, July 11- The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S. producers and lawmakers.

  • The move was an about face for Commerce, which confirmed in its final determination that duties would also be set on oil country tubular goods from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey and Vietnam.

  • WASHINGTON, July 10- U.S. steel producers on Thursday accused Russia of flooding the market with cheap flat-rolled steel, challenging a 15- year trade deal and potentially reigniting a decades-old dispute over imports amid heightened tensions between Washington and Moscow.

  • OAKLAND, Calif., July 10- A California businessman was sentenced to 15 years in prison on Thursday for stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products.

  • WASHINGTON, July 10- U.S. steel producers on Thursday called for the Department of Commerce to scrap a trade deal with Russia that excuses hot-rolled steel shipments from import duties.

  • WASHINGTON, July 10- U.S. steel producers on Thursday called for the Department of Commerce to scrap a trade deal with Russia which excuses hot-rolled steel shipments from import duties. In a submission to the department, Nucor, U.S.

  • OAKLAND, Calif., July 10- A U.S. judge sentenced a California businessman to 15 years in prison on Thursday for stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products.

  • RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.

  • *Chongqing Iron& Steel falls after it clarifies Posco partnership. HONG KONG, July 7- Hong Kong shares fell on Monday with Macau casinos under selling pressure after last week's strong rebound, while China markets were also weaker as investors await major economic data later this week.

  • TOKYO, July 2- Japan's crude steel output is expected to rise 0.9 percent in July-September from a year earlier on solid demand from shipbuilders and infrastructure projects, the government said on Wednesday.

  • JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.

  • --Clyde Russell is a Reuters columnist. Spot Asian iron ore ended last week at $94.90 a tonne, a gain of 3 percent from the prior week, with prices bolstered by an improvement in the outlook for manufacturing in China following the June HSBC flash Purchasing Managers' Index showing expansion for the first time in six months.

  • SEOUL, July 1- South Korean steelmaker POSCO said in a statement on Tuesday it has slashed its monthly stainless steel prices for July by 200,000 Korean won a tonne to reflect easing nickel prices, swinging back to price levels from a month earlier.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • SEOUL, June 27- South Korea's industrial output shrank the most in over five years in May, adding to signs the economic recovery is losing momentum and lending credence to the growing view the central bank would delay the start of rate hikes to support growth.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • UPDATE 2-Alcoa to buy aerospace company Firth Rixson Thursday, 26 Jun 2014 | 9:34 AM ET

    June 26- Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium.

  • BRUSSELS, June 26- The European Commission has launched an investigation into Chinese and Taiwanese stainless steel makers after a complaint from European rivals who say they are exporting at unfairly low prices.