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Steel Producers

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  • 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.

  • NEW DELHI, Feb 10- The weak rupee cut India's imports of coal, the fuel that provides almost 60 percent of its electricity, by 33 percent in January from the same month last year, data from leading research group OreTeam showed on Monday. Struggling domestic coal output has meant that India has jumped to the number three global importer, behind China and Japan.

  • *Investors shrug off disappointing jobs report, citing weather impact. NEW YORK, Feb 7- Global equity markets surged on Friday as investors set aside any fear of economic softness in a weak U.S. jobs report, but bond yields and the dollar fell as the data showed employers hired far fewer workers than expected in January.

  • Euro STOXX 50 rises 0.9 pct to 3,038.49 points. LONDON, Feb 7- European shares extended their rebound on Friday from last month's losses, helped by mining stocks, as long-term investors bet equities would continue to benefit from the region's gradual economic recovery.

  • NEW YORK, Feb 7- Global equity markets rallied on Friday as investors pegged a poor U.S. jobs report on bad weather, but bond yields and the dollar fell as the data showed employers hired far fewer workers than expected in January, suggesting economic softness.

  • Arcelor helps European shares rise for second day Friday, 7 Feb 2014 | 10:01 AM ET

    LONDON, Feb 7- European shares rose for a second straight day on Friday, helped by gains at steelmaker Arcelor, as long-term investors bet equities would continue to benefit from the region's gradual economic rebound.

  • *Skanska drags after orders lag. LONDON, Feb 7- European shares rose for a second straight day on Friday, supported by hopes that jobs data later in the session would reveal a brightening picture for the U.S. economy.

  • BRUSSELS, Feb 7- ArcelorMittal, the world's largest steelmaker, forecast higher profits this year, driven by higher steel sales and margins, and an increase in iron ore production as Europe ended two years of decline.

  • *Skanska drags after orders lag. But peer SSAB fell 1.7 percent after reporting its sixth straight quarterly loss with slowing growth in China, though it said the hard-hit European steel market had bottomed out.

  • Steel: Why you should favor ArcelorMittal     Friday, 7 Feb 2014 | 4:00 AM ET

    Yannick Naud, portfolio manager at Sturgeon Capital, explains that ArcelorMittal is his top pick in the steel sector because it should benefit the most from "a rebound in developed markets."

  • LONDON, Feb 7- European shares edged up on Friday as heavyweight steelmaker ArcelorMittal unveiled upbeat forecasts and investors anticipated further encouraging economic data from the United States. Shares in the firm were up 3.8 percent at 0803 GMT.

  • TOKYO, Feb 7- A trade union has demanded Japan's largest steelmaker, Nippon Steel& Sumitomo Metal Corp, hike basic wages for the first time in 14 years and share the profits generated by the government's "Abenomics" stimulus policies.

  • CARACAS, Feb 6- Venezuela on Thursday began buying the remaining 20 percent of shares in steelmaker Sidor from workers and retirees in a $667 million operation that will give the state full ownership of the firm, a source familiar with the situation said.

  • *VTB with partners get 55 pct, Rostelecom 45 pct. MOSCOW, Feb 6- Russian bank VTB said it would stay for at least three years as an investor in T2 RTK Holding, the country's No.4 mobile carrier being formed from the merger of Tele2 Russia and the wireless assets of Rostelecom.

  • *Sony gains on talks to sell loss-making PC business. TOKYO, Feb 5- The Nikkei average climbed more than 1 percent on Wednesday, bouncing from a four-month low hit the previous day, as investors scooped up recently battered stocks like Panasonic and Toyota Motor following strong earnings results.

  • The firm, which late last year lodged its mining license application for Marampa, joins the likes of resource firms London Mining and African Minerals in tapping into the iron ore mining boom in Sierra Leone. "We've asked for the same license agreement as London Mining and African Minerals and don't expect any difficulties.

  • RIGA, Jan 31- Latvia's new prime minister said on Friday she will stick with the tight fiscal policies that helped the country join the euro zone in January rather than loosen the purse strings ahead of elections this year.

  • Rio Tinto in talks to sell Quebec aluminum plant Monday, 27 Jan 2014 | 7:47 PM ET

    Sotrem, a company based in Saguenay, Quebec, that makes aluminum foundry alloys and deox, a type of aluminum used to remove oxygen in steel production, is leading the deal to buy the plant, said Yvon D' Anjou, who is in charge of the project. "We expect to come to a consensus in the next few months," said D' Anjou.

  • JAKARTA/ SYDNEY, Jan 27- Indonesia's ban on exports of key mineral ores- unless they are processed in the country- risks backfiring as weaker commodity prices mean it is not cost-effective to invest in expensive smelters and refineries.

  • SYDNEY, Jan 27- London copper sagged to its lowest in seven weeks on Monday as concerns over imminent cuts to the Federal Reserves's bond buying program and turmoil in emerging economies spilled across into commodities. *Three-month copper on the London Metal Exchange edged down by 0.23 percent to $7,163.75 a tonne by 0114 GMT from the previous session.