Steel Producers


  • RIO DE JANEIRO, Nov 6- Brazil's Vale SA, the world's second-largest mining company, reported on Wednesday that its third-quarter net income more than doubled from a year earlier, beating analysts' expectations as iron ore prices and sales volumes rose.

  • DUESSELDORF/ BERLIN, Nov 6- A leading Social Democrat warned on Wednesday that the European Union planned to investigate German renewable energy discounts for industry, a move that could end up hitting a raft of companies operating in Europe's biggest economy.

  • The Austrian company missed analysts' forecasts for operating and core earnings in the quarter to end-September but said it expected a improvement in the second half thanks to growing momentum in Europe, China and North America.

  • LAUNCESTON, Australia, Nov 5- Iron ore and steel prices were buoyed by the strength of China's manufacturing indexes, but there is a risk the market is focusing on the wrong indicator. Both PMIs indicate improving conditions in China's vast manufacturing sector and this was enough to spur gains in iron ore and steel prices.

  • *Rising demand for rust-proof galvanised steel in China. SYDNEY, Nov 5- A global hunt is on to find new deposits of zinc as China buys more of the metal to rust-proof new cars and coat steel used to build bridges and skyscrapers.

  • *Rising demand for rust-proof galvanised steel in China. SYDNEY, Nov 5- A global hunt is on to find new deposits of zinc as China buys more of the metal to rust-proof new cars and coat steel used to build bridges and skyscrapers.

  • SAO PAULO, Oct 31- Gerdau SA, the largest steelmaker in the Americas, on Thursday reported a higher-than-expected quarterly profit, with rising sales volumes and cost controls in Brazil offsetting declining margins in North America, Europe and India.

  • Brazilian steelmaker Gerdau's Q3 profit tops estimates Thursday, 31 Oct 2013 | 6:59 AM ET

    SAO PAULO, Oct 31- Brazil's Gerdau SA, the largest steelmaker in the Americas, reported third-quarter net income of 642 million reais, according to a securities filing on Thursday.

  • LAUNCESTON, Australia, Oct 31- It's two weeks since China's first iron ore futures contract started trading and so far volumes and open interest are robust and prices are slightly lower.

  • TOKYO, Oct 30- Japan's big manufacturers, under pressure from Prime Minister Shinzo Abe to boost wages and create a "virtuous cycle" of growth to defeat deflation, are showing signs they are willing to raise workers' pay.

  • The decision is a blow to Hamilton, long the center of Canada's steel industry, which has been hit hard by plant closures over the last decade. "It is disappointing, very disappointing for both our workers and the community in Hamilton that has a long history of making good steel," said United Steelworkers spokesman Tony DePaulo.

  • UPDATE 2-U.S. Steel to permanently shut Ontario mill Tuesday, 29 Oct 2013 | 5:10 PM ET

    TORONTO, Oct 29- United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The company's mills in Hamilton and Nanticoke, Ontario, were the subject of a legal dispute between U.S.

  • *Says weakness in mining and India main culprits. The Columbus, Indiana- based company said sales of all its products had also contracted sharply in India in the most recent quarter as a result of declining business confidence and manufacturing activity there.

  • CHICAGO, Oct 29- Cummins Inc, the U.S. maker of engines and other vehicle components, reported lower-than-expected quarterly profit on Tuesday and cut its full-year outlook, citing weak demand in most of its markets, including mining.

  • Oct 28- United States Steel Corp swung to a third-quarter loss as the steel-maker took an after-tax goodwill impairment charge related to a writedown in the value of two of its North American units.

  • *Mitsubishi Motors up on dividend hopes after capital raising news. TOKYO, Oct 28- The Nikkei stock average bounced back on Monday, recouping some of its steep losses suffered at the end of last week, but investors remain cautious ahead of a big earnings week for Corporate Japan and concerns over tight credit conditions in China.

  • CAIRO, Oct 27- Egyptian Steel is preparing for an initial public offer of its shares in 2015 and is on track to boost its production capacity several-fold by then, chairman Ahmed Abou Hashima said.

  • FRANKFURT, Oct 25- Germany's ThyssenKrupp could seek a partner to set up steel processing in Brazil if it fails to sell its steel mill in the Latin American country, the Wall Street Journal Deutschland reported, citing sources.

  • *POSCO shares end up 0.5 pct prior to earnings announcement. SEOUL, Oct 24- South Korea's POSCO cut its 2013 sales target by 3 percent on Thursday as the world's fifth largest steelmaker struggles to win orders away from Asian rivals also scrambling in an oversupplied market.

  • *Royalty worries weigh on ARM Holdings. *Gjensidige beats forecast, announces special dividend. LONDON, Oct 22- Mixed results on a big day for corporate earnings halted European equity markets near five-year highs on Tuesday, as investors awaited delayed U.S. jobs data.

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