Steel Producers


  • WASHINGTON, July 10- U.S. steel producers on Thursday called for the Department of Commerce to scrap a trade deal with Russia which excuses hot-rolled steel shipments from import duties. In a submission to the department, Nucor, U.S.

  • OAKLAND, Calif., July 10- A U.S. judge sentenced a California businessman to 15 years in prison on Thursday for stealing DuPont trade secrets to help a state-owned Chinese company develop a white pigment used in a wide range of products.

  • RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.

  • *Chongqing Iron& Steel falls after it clarifies Posco partnership. HONG KONG, July 7- Hong Kong shares fell on Monday with Macau casinos under selling pressure after last week's strong rebound, while China markets were also weaker as investors await major economic data later this week.

  • TOKYO, July 2- Japan's crude steel output is expected to rise 0.9 percent in July-September from a year earlier on solid demand from shipbuilders and infrastructure projects, the government said on Wednesday.

  • JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.

  • --Clyde Russell is a Reuters columnist. Spot Asian iron ore ended last week at $94.90 a tonne, a gain of 3 percent from the prior week, with prices bolstered by an improvement in the outlook for manufacturing in China following the June HSBC flash Purchasing Managers' Index showing expansion for the first time in six months.

  • SEOUL, July 1- South Korean steelmaker POSCO said in a statement on Tuesday it has slashed its monthly stainless steel prices for July by 200,000 Korean won a tonne to reflect easing nickel prices, swinging back to price levels from a month earlier.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • SEOUL, June 27- South Korea's industrial output shrank the most in over five years in May, adding to signs the economic recovery is losing momentum and lending credence to the growing view the central bank would delay the start of rate hikes to support growth.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • UPDATE 2-Alcoa to buy aerospace company Firth Rixson Thursday, 26 Jun 2014 | 9:34 AM ET

    June 26- Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium.

  • BRUSSELS, June 26- The European Commission has launched an investigation into Chinese and Taiwanese stainless steel makers after a complaint from European rivals who say they are exporting at unfairly low prices.

  • *Growing supply may help China gain upper hand in pricing. SHANGHAI, June 26- Brazil's Vale, the world's biggest iron ore miner, is starting to offer discounts on shipments of the steelmaking raw material to top consumer China, joining Australian rivals in cutting prices following a global surge in production.

  • SYDNEY, June 24- BHP Billiton is looking at more job cuts at its flagship Australian iron ore division as a way to reduce costs, as ore prices slump and pressure mounts to rein in spending.

  • SYDNEY, June 24- BHP Billiton is planning to cut more jobs at its flagship Australian iron ore division as it seeks to reduce costs, following a slump in iron prices. A BHP spokeswoman said it was not possible to put a number on how many jobs would be targeted, and declined to confirm an Australian Broadcasting Corp radio report that the number could reach 3,000..

  • LAUNCESTON, Australia, June 23- The brouhaha over suspected metal financing fraud at China's Qingdao port is likely to cause short-term angst, but longer-term gains.

  • Nucor forecast earnings between 35 cents and 40 cents a share, up from 27 cents a share a year earlier. The plant started production in December, and volume has been better than expected but yield needs work, Nucor said. Made from iron ore, direct reduced iron is a raw material used to make steel, and a substitute for scrap, Nucor's traditional feedstock.

  • LONDON, June 20- Global crude steel production rose at an annual 2.2 percent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.

  • *Hyundai swaps aluminium hood with steel for new Genesis. SEOUL, June 20- About four years ago, Hyundai Motor considered shifting from steel to aluminium body parts for its Genesis sedan to make it lighter, more fuel-efficient and more competitive with German luxury marques, two people familiar with the matter said.