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Steel Producers

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  • BEIJING, May 8- China has raised its target to close outdated steel smelting capacity to 28.7 million tonnes in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries.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

  • May 7- When the steel industry goes to Washington, it usually talks about trade, tariffs and taxes. "One of the biggest obstacles has been the belief that canned food is not nutritious," said Rich Tavoletti, executive director of the Canned Food Alliance. "

  • LONDON, May 7- Nickel prices climbed towards 15- month highs on Wednesday on worries about tightening supplies from Indonesia following an export ban on unprocessed ores and on concerns that political tension could restrict supply from Russia.

  • *China nickel pig iron producers have run down their ore stocks. SYDNEY, May 7- London nickel hovered close to 15- month highs on Wednesday, supported by rising prices for nickel ore as Chinese nickel pig iron producers run down their stockpiles after Indonesia banned exports in January.

  • BEIJING, May 6- China shares ended flat on Tuesday, surrendering gains of the morning session as investor sentiment cooled on worries about rapidly slowing demand in the key real estate sector. China Vanke Co Ltd was up 0.7 percent, while Beijing Urban Construction and Investment Co Ltd gained 1.2 percent.

  • China shares up on railway sector, property mixed Tuesday, 6 May 2014 | 12:44 AM ET

    BEIJING, May 6- China shares steadied on Tuesday, with gains limited by weakness in the property sector as investors braced for any signs of financial distress among developers as the market cools.

  • LAUNCESTON, Australia, May 6- Baosteel Resources' motivation for a hostile $1 billion takeover of Australia's Aquila Resources is to jumpstart a stalled iron ore project. Baosteel is seeking to gain control of Aquila in order to get the junior company's half-share of the $7 billion West Pilbara Iron Ore Project, located in the north of Western Australia state.

  • *Aurizon sees West Pilbara Iron Ore producing from 2017-18. Monday's unsolicited A $1.14 billion offer to take over Aquila Resources Ltd could open up a new Australian iron ore export region to supply Asian steelmakers, by jumpstarting the $7 billion West Pilbara Iron Ore project, half-owned by Aquila.

  • NEW YORK, May 3- When American investor Warren Buffett addresses Berkshire Hathaway's shareholders at the conglomerate's annual meeting on Saturday, he is sure to laud the impressive growth of BNSF Railroad, his company's largest-ever acquisition.

  • HARRISBURG, Pennsylvania, May 2- Shamokin, Pennsylvania, tucked away in the coal country about 120 miles northwest of Philadelphia, has $800,000 of unpaid bills and can't get a loan from a bank. The law was passed in a bid to help Pennsylvania cities battered by the decline of the American steel industry in the 1970 s and' 80 s.

  • *Inflation has come down a bit, economy emerging from recession. DUBAI, May 1- A sharp drop in the rial currency reveals heavy pressure on Iran's economy as President Hassan Rouhani struggles to deliver higher living standards and shore up domestic political support for a nuclear deal with world powers.

  • SEOUL, May 1- South Korean exports grew the most in 15 months in April as demand from the United States firmed, reinforcing recent signs that a recovery in global consumption was gathering pace although China remained a worry.

  • *Its facilities could be sold for a symbolic 1 euro- Italian media. NEW DELHI/ LONDON, April 30- India's billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for.

  • SHANGHAI, April 30- A stress test by China's central bank showed the banking system can weather big increases in bad debts or a sharp economic slowdown, but some analysts were sceptical about the findings aimed at shoring up investor confidence.

  • Venezuela to crush cars, bikes to build houses Tuesday, 29 Apr 2014 | 5:44 PM ET

    CARACAS, April 29- Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.

  • PARIS, April 28- France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.