Steel Producers


  • 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.

  • *Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.

  • LONDON, Aug 27- The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 percent iron ore as assessed by the Steel Index has just fallen below the $89 per tonne level for the first time since September 2012.

  • Steelmakers lead as euro zone shares extend ECB rally Tuesday, 26 Aug 2014 | 11:04 AM ET

    *Euro STOXX 50 up 0.7 pct. LONDON, Aug 26- Euro zone blue chips were on track to record their best two-day gain this year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank and by strong gains for some steelmakers.

  • TOKYO, Aug 26- Japan's government lobbied hard for a global pact that limits mercury use and to name the resulting treaty after Minamata, the site of a homegrown industrial disaster from the 1950 s when the toxic metal poured into a river, poisoning thousands.

  • LAUNCESTON, Australia, Aug 25- Something doesn't quite add up with China's rising steel production, but falling coal output and imports so far this year. China's raw steel output was 480.76 million tonnes in the first seven months of 2014, up 2.7 percent from the same period a year earlier, according to data from the National Bureau of Statistics.

  • WASHINGTON, Aug 22- The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry.

  • WASHINGTON, Aug 22- The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from seven countries, exempting two, handing a victory to domestic producers who had complained that the cheap imports were undercutting their prices.

  • SAO PAULO, Aug 15- Whichever way Brazil's steel industry looks it sees pain. "Only a crazy person would invest in Brazil right now," CSN Chief Executive Benjamin Steinbruch told a conference in Sao Paulo this week.

  • Euro zone growth scare weighs on European shares Thursday, 14 Aug 2014 | 3:27 AM ET

    *Germany's DAX down 0.3 pct, France's CAC down 0.5 pct. By 0712 GMT, the pan-European FTSEurofirst 300 index was 0.3 percent lower at 1,322.09 points, Germany's DAX also fell 0.3 percent and France's CAC dropped 0.5 percent.

  • NEW DELHI/ LONDON, Aug 13- Italy's claims that a sale of parts of insolvent Italian steelmaker Lucchini to India's JSW Steel will be concluded within days are premature, a top JSW executive said on Wednesday.

  • SHANGHAI, Aug 13- Chinese power generation grew 3.3 percent in July from a year earlier, but the rate of increase eased from the month before as a slowing economy hit production in power-intensive sectors such as steel, autos and machinery.

  • BEIJING, Aug 13- China produced 68.32 million tonnes of crude steel in July, down 1.4 percent from the month before as mills began cutting output during the off-season.

  • SAO PAULO, Aug 12- The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port.

  • Nikkei extends rebound, but investors remain cautious Monday, 11 Aug 2014 | 10:42 PM ET

    *Investors remain concerned about Ukraine, Middle East. The Nikkei rose 0.4 percent to 15,192.13, extending its rebound from a low of 14,753 hit on Friday due to the concerns that conflicts in Ukraine and the Middle East could hamper world growth.

  • *BCI launches friendly $237 mln offer for Iron Ore Holdings. SYDNEY, Aug 11- BC Iron Ltd has launched a friendly cash and share offer worth around A $256 million for smaller rival Iron Ore Holdings Ltd, the second takeover in a month aimed at beefing up production in Australia's main iron ore region.

  • SYDNEY, Aug 11- Australia's BC Iron Ltd on Monday launched a friendly cash and share offer worth around A $256 million for smaller rival Iron Ore Holdings Ltd aimed at beefing up production in Australia's premier iron ore region.

  • Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.