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Steel Producers

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  • *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.

  • 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.