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Steel Producers

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  • POSCO Q1 profit falls 11 pct as steel demand stagnates Thursday, 24 Apr 2014 | 2:43 AM ET

    SEOUL, April 24- South Korean steelmaker POSCO reported an 11 percent drop in quarterly operating profit on Thursday, missing estimates, as China's slowing economy curbed demand for steel.

  • *Physical copper premiums in China rising sharply. SINGAPORE, April 24- London copper futures rose to near two-week highs on Thursday, underpinned by strong seasonal demand in top consumer China that has lifted domestic premiums, while worries over tight supply pushed nickel to a fresh peak in more than 14 months.

  • *Copper was up 0.2 percent at $6,683.50 a tonne after ending flat on Wednesday. *The most-traded July copper contract on the Shanghai Futures Exchange rose half a percent to 46,860 yuan a tonne.

  • LAUNCESTON, Australia, April 22- It's hard to find any bullish predictions for iron ore prices, with the consensus being that it will drop to below $100 a tonne. The latest bearish signal for iron ore is the decision by an Indian court to allow the mining of 20 million tonnes per annum in the state of Goa, most of which will end up on the export markets.

  • SINGAPORE, April 22- Copper futures on the London Metal Exchange slipped on Tuesday as the bourse reopened after a long holiday weekend, still pressured by worries over Chinese demand amid a slowdown in the world's top user of the industrial metal.

  • China's plan for iron ore giants hard to make the grade Wednesday, 16 Apr 2014 | 5:06 AM ET

    *China plans 6-8 big iron ore miners to rely less on imports. SHANGHAI, April 16- China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore.

  • SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.

  • DAKAR/ JOHANNESBURG, April 11- For centuries, colonial era merchants tussled for access to Africa's raw materials, and huge swathes of Africa's geography became synonymous with the main commodity they exported: Gold Coast, Ivory Coast, the Spice Island of Zanzibar.

  • LONDON, April 11- Nickel hit a 13- month high on Friday as Indonesia's ban on ore exports kept market supplies tight, though risks are rising that lofty prices will encourage buyers to look for cheaper sources of supply.

  • SYDNEY, April 11- London nickel reached its highest in 13 months on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • SYDNEY, April 11- London nickel held near a more than one-year top on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices touched their highest in more than a year on Thursday as speculators continued to buy up futures on concerns about shortages following a ban on ore exports from Indonesia.

  • LONDON, April 10- China Kingho Energy Group, one of China's largest privately owned energy groups, said it has more than ten interested parties for its $6 billion- plus investment in infrastructure, energy and iron ore mining in Sierra Leone.

  • *Copper, iron ore see double-digit month-on-month growth in March. SHANGHAI, April 10- China's imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world's top metals consumer, though crude oil shipments dropped after three months of high inbound volumes.

  • METALS-Nickel hits one-year high on shortage concerns Thursday, 10 Apr 2014 | 6:13 AM ET

    *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices rose to their highest level in more than a year on Thursday on concerns about shortages following a ban on ore exports from Indonesia.

  • *China copper imports jump 10.8 pct in March on month to 420,000 T. *China exports unexpectedly fall in March; imports weak. "NPI prices are going up in China and that's because of cost pressures the producers are facing with higher costs for their feeds," said Matt Fusarelli at AME Group in Hong Kong, referring to nickel pig iron, a cheaper substitute for refined nickel.

  • *China copper imports jump 10.8 pct in March on month to 420,000 T. SYDNEY, April 10- London nickel extended gains to a fresh one year high on Thursday as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from top ore exporter Indonesia.

  • METALS-London copper edges up after Fed minutes Wednesday, 9 Apr 2014 | 9:26 PM ET

    SYDNEY, April 10- London copper edged up on Thursday, supported by the prospect U.S. interest rates may not rise as soon as previously thought, while investors were awaiting Chinese trade data to shed fresh light on demand in the world's top consumer.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.