Steel Producers
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*Lack of transparency in iron ore trading draws China's ire. SINGAPORE, June 6- A major European probe into the manipulation of global oil prices has raised concerns that could equally resonate across opaque cash markets for a host of raw materials ranging from iron ore to fertilizer.
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*China could cut coal consumption in Beijing, Hebei by 100 mln T. BEIJING, June 6- China is considering plans to cut coal consumption in some major industrial regions, people familiar with the policy said, as part of measures to reduce air pollution- an issue that has triggered a surge in public protests.
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BOLOGNA, Italy, June 5- Europe's squeezed utility firms say they cannot cut prices to stop their big industrial clients moving to the United States, where fuel costs around a quarter as much.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, June 5- It's probably too early for iron ore producers to get excited about the rebound in prices this week, but there are signs that the current three-month slump may be easing.
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TOKYO, June 4- Nippon Steel& Sumitomo Metal Corp said on Tuesday it will seek an almost 20 percent price rise on the products it sells to Japanese manufacturers between April and September, to pass on higher material costs due to the yen's fall.
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*Rio has 5-6 name shortlist for Iron Ore of Canada stake. SYDNEY/ LONDON, June 3- Mining group Rio Tinto Plc has drawn up a shortlist of half a dozen suitors for its majority stake in Canada's largest iron ore producer, sources with knowledge of the situation said on Monday.
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LAUNCESTON, Australia, June 3- The HSBC and official purchasing managers' indexes may look like they are telling different stories about China's economic health, but in reality they are confirming what is largely already known.
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Vice President Joe Biden encouraged Brazil on Wednesday to open its economy further to keep up with free trade trends worldwide as he started a visit aimed at boosting business between the two largest economies in the Americas.
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OSLO, May 29- Norway's $740- billion sovereign wealth fund, the world's largest, is examining labour conditions in the mining industry and may sell out of firms that violate workers' rights, the head of the fund's ethics council said. "Working conditions, slave-like working conditions,... is a very important priority," said Ola Mestad. "
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The ABC report, which did not name sources, said Chinese hackers had targeted Australia- based companies more aggressively than previously thought, including steel-manufacturer Bluescope Steel, and military and civilian communications manufacturer Codan Ltd..
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MUMBAI, May 27- As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India's biggest business group stood silently on the sidelines.
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*Iran is 4th- largest iron ore supplier to China. SHANGHAI/ LONDON, May 21- Iran's government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in sales to China, aiming to replace revenue from oil and other sources eroded by sanctions.
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CHICAGO, May 20- Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery.
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*Japan's reflationary policy helps domestic demand. TOKYO, May 20- Nippon Steel and Sumitomo Metal Corp expects its domestic crude steel output to rise 2 percent in the April-June quarter, as Japan's reflationary policy drives the yen lower and makes the country's goods more competitive.
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"You want to be in sectors that sell to the people who benefit from wage inflation: consumers," said John Lomax, head of emerging equity strategy at HSBC. Russian supermarket chain Magnit saw profits jump 28 percent in the first quarter and its shares have returned 190 percent since April 2010, according to Morgan Stanley.
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*More low-cost nickel-pig-iron capacity to weigh on prices. HONG KONG, May 16- China's producers of nickel-pig-iron are racing to upgrade their facilities as reduced demand from stainless steel mills and weaker nickel prices drive them to cut costs.
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*China expected to spend less on steel. LONDON, May 15- Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.
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FRANKFURT, May 15- German steelmaker ThyssenKrupp took another writedown on the value its Steel Americas business, driving it to an unexpected quarterly loss but raising hopes it is closer to selling the troubled asset. At 0820 GMT, ThyssenKrupp shares were up 4 percent at 15.715 euros, among the biggest rises by a European blue-chip stock.
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*Banca Monte dei Paschi di Siena rises after results. PARIS, May 15- European shares were mixed in early trade on Wednesday, taking a breather from a sharp rally started in mid-April, with lower-than-expected growth data for Germany and France denting investor appetite.
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KABUL, May 15- U.S. forces in Afghanistan are hoping that a small steel industry can be born from the mammoth task of withdrawing equipment by the end of next year, jump-starting a scrap trade and injecting cash into local businesses.
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