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Steel Producers

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  • *Current account surplus $0.22 bln in Jan vs $2.53 bln surplus in Dec. BANGKOK, Feb 28- Thailand reported a fresh set of weak indicators on Friday, producing more evidence that the country's political crisis is hurting the economy and adding to pressure on the central bank to cut interest rates.

  • UPDATE 1-Thai factory output falls 6.4 pct y/y in Jan Thursday, 27 Feb 2014 | 10:21 PM ET

    BANGKOK, Feb 28- Thai factory output declined slightly less than expected in January, but the 10th consecutive month of reduced activity is the latest indicator of declining domestic demand during the country's protracted political crisis. Data from the Bank of Thailand on private consumption and investment for January is due later on Friday.

  • RIO DE JANEIRO/ SAO PAULO Feb 27- Vale SA, the world's largest iron ore producer, will continue reining in costs this year even as the outlook for prices and sales volumes is improving, its chief executive officer said on Thursday.

  • Gold: A timeless insurance policy?     Thursday, 27 Feb 2014 | 5:45 PM ET

    Greg Smith, Group CEO at Global Commodities makes a case for investing in gold even as yellow metal trade relatively lower from its lofty highs.

  • *Initially valued at $500- 600 mln, but the value has fallen. LONDON, Feb 25- Brazilian mining firm B&A Mineração has pulled out of talks to buy BHP Billiton's stake in the Mount Nimba iron ore deposit in Guinea, bank and industry sources said, in the latest sign that projects in riskier countries have become a tough sell.

  • BANGKOK, Feb 25- Thai exports fell in January and imports slumped, reflecting the deepening toll prolonged political unrest is taking on the economy and increasing pressure on the central bank to cut already-low interest rates.

  • MOSCOW/ LONDON, Feb 20- Ukrainian steel, grain and other commodity export deals have virtually ground to a halt as violence in Kiev that has killed dozens this week triggered fears of port closures and defaults, driving up risk premiums on prices for future shipments.

  • LONDON, Feb 19- "Cripplingly high power costs are forcing some of Britain's heavy manufacturers to shut down their entire operation at peak times, with furnaces cooling and workers shivering in cold, darkened offices," according to an article in Wednesday's Financial Times.

  • *Underlying profit of $7.76 bln v $6.9 bln consensus. *Shares in Australia hit one-year high, outpace market. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite giving a cautious outlook on Chinese growth.

  • RIO DE JANEIRO/ LONDON, Feb 18- Violence between Ukrainian demonstrators and riot police spooked emerging markets investors on Tuesday, driving the hryvnia back toward five-year lows and weighing on the country's bonds. The bond had risen on Monday after Russia said it would buy a $2 billion bond from Ukraine by the end of the week.

  • *China is tightening credit to sectors with overcapacity including steel.

  • *Underlying profit of $7.76 bln v $6.9 bln consensus. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite a cautious outlook on Chinese growth.

  • BEIJING, Feb 17- The big debate about how fast China's economy will grow this year can find some answers in the real world, where signs suggest the growth giant is slowly but surely losing its fizz.

  • TORONTO, Feb 14- Canada's Labrador Iron Mines Holdings warned on Friday it needs new investment to continue mining operations in 2014, underscoring the challenges facing some of the small and established iron ore miners in Canada and overseas.

  • European shares creep higher after firmer GDP data Friday, 14 Feb 2014 | 4:19 AM ET

    *ThyssenKrupp, Anglo American boosted by robust results. LONDON, Feb 14- European stocks advanced on Friday, notching their seventh rise in eight sessions, as firmer economic growth in Germany and France fuelled expectations of a rebound in corporate profits in Europe this year.

  • FRANKFURT, Feb 14- German industrial group ThyssenKrupp posted better than expected quarterly operating profit as it reined in losses at its steel mill in Brazil, suggesting turnaround efforts are starting to bear fruit.

  • LONDON, Feb 13- European steel lobby Eurofer plans to file anti-dumping cases this year with the European Commission against exports of cold rolled stainless sheet from China and Taiwan and of electrical steel sheet from Russia.

  • HELSINKI, Feb 13- Finnish stainless steel firm Outokumpu reported a smaller than expected fourth-quarter loss on Thursday and forecast an improvement in the current quarter after cost cuts helped to limit the impact of weaker prices.

  • Finland's Outokumpu trims loss on cost cuts Thursday, 13 Feb 2014 | 2:20 AM ET

    HELSINKI, Feb 13- Stainless steelmaker Outokumpu reported a smaller-than-expected underlying loss for the fourth quarter and forecast an improvement in the current quarter after cost cuts helped to limit the impact of weaker stainless steel prices.

  • US Steel will continue to slide: Analyst     Tuesday, 11 Feb 2014 | 2:15 PM ET

    David Lipschitz, CLSA senior metals and mining Analyst, breaks down U.S. Steel and explains why he is selling.