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Steel Producers

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  • LAUNCESTON, Australia, March 13- Conventional thinking is that iron ore prices have plunged this year because of concerns about China's economic growth outlook, but it's possible the reverse is the case.

  • Australia's iron ore miners hang tough as prices fall Wednesday, 12 Mar 2014 | 5:00 PM ET

    PERTH, March 13- If Australian miners are worried about the dramatic decline in iron ore prices, it doesn't show. "Iron ore mining isn't tennis, it's a contact sport," said David Flanagan, chairman of Atlas Iron Ltd. "Sometimes it hurts a bit, like you copped it in the stomach.

  • *No disruption from political tension in Ukraine. LONDON, March 12- Ukraine- focused iron ore miner Ferrexpo announced its second special dividend in as many years after it posted increased annual profit and said it is on track to boost production this year.

  • *Copper prices melting as Shanghai futures hit lowest since 2009. SYDNEY, March 12- Asian stock markets swung lower on Wednesday as economic uncertainty in China and the United States combined with political tensions in Ukraine to keep investors cautious and commodities under a dark cloud.

  • China concerns take toll on copper, stirs talk of policy easing. turn lower on Wednesday as economic uncertainty in China and. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent.

  • SunCoke said it would initially transfer a 33 percent interest in its Haverhill and Middletown cokemaking facilities in Ohio to SunCoke Energy Partners LP. Apart from the two coke plants to be initially transferred to the MLP, the company has plants in Virginia, Indiana and Illinois as well as in Brazil and India.

  • LONDON, March 11- The recent history of copper and iron ore has been all about China. These price swoons have been triggered by the same fears about the China growth story. Both copper and iron ore markets are reacting to a bearish one-two combination of news out of China.

  • *Unexpected fall in China's exports has increased worries on economy. SINGAPORE/ BEIJING, March 11- China's biggest-listed steel maker Baosteel said a slump in iron ore was' inevitable' and prices had further to fall, as traders said some buyers in the world's top consumer of the raw material were trying to delay shipments after panic selling.

  • European shares mark time, Portugal outperforms Tuesday, 11 Mar 2014 | 5:38 AM ET

    *Portugal leads risers as sovereign yields fall to 4- year lows. LONDON, March 11- European shares steadied after a two-day slide on Tuesday, with concerns over the Ukraine crisis sapping appetite for risk, although Portuguese stocks outperformed on mounting bets for a turnaround in the country's finances.

  • *Baosteel says iron ore prices still too high at above $100/ T. BEIJING, March 11- The recent slide in iron ore prices was "inevitable", with a price above $100 a tonne still too high, the head of China's biggest-listed steel maker Baoshan Iron& Steel said on Tuesday.

  • SINGAPORE, March 11- Chinese steel mills and traders holding iron ore as collateral for financing are rushing to sell to repay loans, traders said, piling more pressure on the steel-making raw material that has lost over a fifth of its value this year.

  • --Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, March 11- The reaction of commodities to the Chinese trade data show that sentiment and fundamentals are diverging, with the fear trade winning so far.

  • Nucor CEO John Ferriola discusses the impact of the natural gas revolution on U.S. manufacturing, and how using high quality DRI pellets, or direct reduced iron, lowers its costs and energy consumption while increasing its productivity.

  • China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.

  • *FTSEurofirst 300 down 0.4, Germany's DAX down 0.9 pct. LONDON, March 10- European shares fell for the second straight session on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world's second-largest economy, China.

  • China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.

  • *FTSEurofirst 300 down 0.5, Germany's DAX down 0.9 pct. LONDON, March 10- European shares fell for the second session running on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world's second-largest economy, China.

  • Speak up, top French advisor tells women in business Friday, 7 Mar 2014 | 12:25 PM ET

    LONDON, March 7- The first time Anne Meaux met Indian billionaire Lakshmi Mittal he laughed at her. The incident was an early example of an ability to tell unpalatable truths to powerful people that has since propelled Meaux to the position of France's top PR advisor.

  • LONDON, March 5- Ukraine's steel exporters are trying to push into new markets such as in North Africa as a weak currency, battered by political upheaval and tensions with Russia, has pushed rebar prices to 3 1/ 2- year lows.

  • *Copper has lost some 7 pct in 2013 on China demand woes. LONDON, March 7- Copper fell to its lowest level in over seven months on Friday as China's first domestic bond default added to growing concerns this week about slower economic growth in the world's top copper consumer. It was at $6,823 per tonne at 1502 GMT, from a close of $7,055 on Thursday.