*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.» Read More
NEW DELHI, March 26- JSW Steel, India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/ 15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.
WASHINGTON, March 25- U.S. trade officials should slap duties on super-cheap imports of steel products from South Korea and Turkey, steel industry executives, unions and pro-steel lawmakers said on Tuesday.
*Copper follows shares higher as markets rebound. LONDON, March 25- Copper rose to its highest level in two weeks on Tuesday, supported by prospects that big commodities consumer China will act to support its slowing economy and by improved risk appetite in wider markets.
WASHINGTON, March 25- The U.S. Commerce Department should reverse three preliminary decisions against steelmakers with operations in the United States, the chairman of the Congressional Steel Caucus said on Tuesday.
*Copper follows shares, oil higher as markets rebound. LONDON, March 25- Copper rose to its highest level in nearly a week on Tuesday, supported in part by prospects that big commodities consumer China will act to support its slowing economy, and ahead of key U.S. data later in the session.
*China focus shifts to market forces from direct govt interference. BEIJING, March 25- China has dropped a long-standing target to bring 60 percent of its steel sector under the control of its 10 biggest enterprises by 2015, a goal that has been criticised by companies such as Baosteel for causing a build-up of unprofitable capacity.
BEIJING, March 25- China's policymakers have again promised to make it easier for steel mills to merge and consolidate, but they appear to have ditched a long-standing target to bring 60 percent of the sector under the control of its 10 biggest enterprises by 2015..
RIO DE JANEIRO, March 24- Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its hydroelectric dams.
March 21- AK Steel Holding Corp forecast a bigger loss for the first quarter as an unplanned blast furnace outage in its Kentucky plant hurt shipments and drove up costs. AK Steel estimated a net loss of 44 cents to 49 cents per share for the first quarter. AKS shares were up about 3 percent at $6.89 on the New York Stock Exchange.
March 21- U.S. steelmaker AK Steel Holding Corp forecast a loss in the first quarter, blaming higher costs related to the cold weather and blast furnace outages. The company forecast a loss of 44 cents to 49 cents per share for the first quarter. Analysts on average were expecting a profit of 5 cents, according to Thomson Reuters I/B/E/S.
TOKYO, March 20- Japanese companies are concerned about Prime Minister Shinzo Abe's forceful diplomacy with neighbours like China, at a time when demand from Asia's giant appears to be ebbing, a Reuters survey showed. More than half the executives in the Reuters Corporate Survey said demand from China is peaking or declining.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel. Coal output is also concentrated in the north and east of India, while power demand growth is more toward the south and west.
*2/ 3 of Japan firms see BOJ easing further in H1 2014- poll. TOKYO, Dec 10- Almost two-thirds of Japanese firms expect the Bank of Japan will increase its stimulus in the first six months of 2014, a Reuters poll showed, underscoring the pressure on the central bank to remain the engine of growth under Abenomics.
*Alisher Usmanov's Mail.Ru buys 12 pct stake in VKontakte. His Internet holding group Mail.Ru said it had increased its stake in VKontakte, Russia's answer to Facebook, to around 52 percent by buying 12 percent of VKontakte shares from Megafon Chief Executive Officer Ivan Tavrin.
YOUNGSTOWN, Ohio/ WASHINGTON, March 18- Along the banks of the Mahoning River in the struggling Ohio steel town of Youngstown sits a once-abandoned furniture warehouse that has been converted into a sleek new laboratory.
PARIS, March 17- European stocks rose on Monday, bouncing back from a three-week slide, helped by robust U.S. manufacturing data and after Crimea's vote to join Russia passed without violence.
TOKYO, March 17- Tokyo Steel Manufacturing Co will maintain current product prices for delivery in April as customer stockpiles grow after a winter freeze and labour shortages curbed construction projects, said the country's top electric furnace steelmaker.
*Mechel should repay $1 bln of debt this year. MOSCOW, March 14- Russia may again have to step in to help coal and steel group Mechel after the country's largest private bank asked for the early repayment of a $150 million loan.
*Mechel shares down 14 pct in Moscow, underperforming index. MOSCOW, March 14- Indebted Russian coal miner and steelmaker Mechel is in talks with lenders on refinancing and early debt repayment, the company said on Friday.
MOSCOW, March 14- Russian coal miner and steelmaker Mechel is in talks with Alfa Bank, Russia's largest private bank, on paying off a $150 million debt early, Mechel said on Friday. The company's press-service said in an emailed comment that Alfa Bank had asked for the early repayment and the two sides were in discussions.