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Steel Producers

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  • TOKYO, May 13- Sumitomo Metal Mining Co Ltd, Japan's biggest nickel smelter, said there was an increasing risk it could cut production of key stainless steel ingredient ferronickel, amid growing concerns about ore shortages.

  • Europe shares rise on upbeat earnings, Bundesbank talk Tuesday, 13 May 2014 | 7:15 AM ET

    PARIS, May 13- European stocks rose on Tuesday, with a number of benchmarks hitting multi-year highs, boosted by upbeat company results and a report saying Germany's central bank is ready to back new stimulus measures from the European Central Bank.

  • SHANGHAI, May 13- China's crude oil runs, oil demand and total base metals production unexpectedly fell in April from the preceding month, with slackening power generation also fanning concerns that the world's second-largest economy is not yet on a stable footing.

  • European shares extend rally; Airbus surges Tuesday, 13 May 2014 | 4:08 AM ET

    *Airbus surges after better-than-expected results. Airbus Group surged 5 percent in a relief rally after it reported better-than-expected profits and said its latest jetliner, the A350, was "progressing towards certification" in time for first delivery by the end of the year. "Airbus Group results are a decent beat...

  • LONDON, May 13- European shares rose on Tuesday, with a key regional index making fresh six-year highs, as a rally in U.S. shares and upbeat updates from blue-chips such as steelmaker ThyssenKrupp supported risk appetite. Britain's FTSE was up 0.2 percent after briefly hitting its highest point in roughly a year.

  • --Clyde Russell is a Reuters columnist. Global iron ore miners are boosting seaborne supplies of the steelmaking ingredient by about 20 percent over the next two years and believe China will buy most of the extra cargoes. As CISA points out, however, China will still have significant surplus capacity even as outdated and polluting plants are shut down or idled.

  • BEIJING, May 13- China's campaign against pollution and greenhouse gases is hitting early resistance in Guangdong province, where more than 60 manufacturers are holding back from a carbon market launched last year, saying the scheme is unfair and too costly.

  • BEIJING, May 13- As relations between China and Japan plumb a new low, the descendants of hundreds of of Chinese men forced to work in wartime Japan are taking big, modern-day Japanese corporates to court. Japan invaded China in 1937 and ruled parts of it with a brutal hand for the next eight years.

  • MOSCOW, May 12- Russian steelmaker Severstal has received bids from potential buyers for its North American operations, a Russian source familiar with the matter said on Monday. Severstal's operations in the United States consist of steel plants in Dearborn, Michigan and Columbus, Mississippi.

  • SYDNEY, May 12- London nickel jumped by nearly 5 percent on Monday, extending a winning streak that has fuelled gains of more than 12 percent in May alone as investors and consumers stock up on prospects of a worsening supply shortfall later in the year.

  • Nickel prices have soared by nearly 50 percent since January due to a ban on ore shipments from top exporter Indonesia that has triggered hoarding, while speculation sanctions against Russia may hit top nickel producer Norilsk Nickel have poured fuel on the bullish sentiment.

  • *New Japanese processing plants coming up in China, Indonesia. Executives at steelmakers such as Nippon Steel& Sumitomo Metal Corp and JFE Holdings are faced with little choice but to accelerate their push abroad as the effects of the stimulus led by Prime Minister Shinzo Abe wane and spending on autos falls after a sales tax hike from April.

  • *Vale says suspends nickel operations in New Caledonia. *China domestic copper market remains tight.

  • *Likely gainers: Kalyani Steels and JSW Steel. *Likely losers: Sesa Sterlite and Essel Mining. NEW DELHI, May 9- When Indian prime ministerial hopeful Narendra Modi asked at an election rally if anyone knew of a country that exported wheat but imported bread, steelmakers joined his followers to cheer.

  • BRUSSELS, May 9- ArcelorMittal, the world's largest steelmaker, trimmed its forecast for global steel use on Friday due to a more pronounced slowdown in China and a decline in Russia, though it retained optimism about its core European and U.S. markets.

  • SYDNEY, May 9- London nickel prices surged beyond $20,000 per tonne for the first time in more than two years on Friday, climbing 4 percent as a flurry of supply concerns fuelled heavy buying of the stainless steel material. "NPI producers in China are facing a real problem in access to feed stock.

  • SHANGHAI, May 8- China's imports of major commodities rose strongly in April, although a rise in crude oil and copper imports was attributed to stockpiling as a rebound in manufacturing in the world's second-biggest economy remained modest.

  • China, Japan scramble for nickel after Indonesian ban Thursday, 8 May 2014 | 3:59 AM ET

    *Seasonal demand, state buying to support China imports. HONG KONG/ TOKYO, May 8- Nickel buyers in China and Japan are scrambling to secure supplies as soaring prices and a fear of shortages boosts demand for both refined metal and long-term ore contracts.

  • BEIJING, May 8- China has raised its target to close outdated steel smelting capacity to 28.7 million tonnes in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, May 8- How long can strength in China's commodity imports co-exist with weakness in other key indicators, such as manufacturing?