Steel Producers


  • SYDNEY, Aug 11- Australia's BC Iron Ltd on Monday launched a friendly cash and share offer worth around A $256 million for smaller rival Iron Ore Holdings Ltd aimed at beefing up production in Australia's premier iron ore region.

  • Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.

  • LONDON, Aug 8- Ukrainian companies' dollar bonds are lower than they've been for months on fears the country's worsening economy, armed rebellion and dispute with Russia will send more of them the way of agro firm Mriya, which has hinted at a debt restructuring.

  • LONDON, Aug 7- Rio Tinto indicated it would not take part in a tender for the mining rights for the northern half of the disputed Guinea iron ore deposit Simandou, saying the government would prefer other companies to invest.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Aug 7- Just how serious is China about cutting or limiting coal consumption? The latest was from the Beijing Municipal Environmental Protection Bureau, which was reported by state media as saying coal use will be banned in the six main districts of the capital by the end of 2020..

  • LAUNCESTON, Australia, Aug 5- Prices for thermal and coking coal appear poised to diverge, with the power-plant fuel remaining mired in the doldrums and the steel-making ingredient posting modest gains. The 2011 high was reached after severe flooding in Queensland state, the main coking coal producer in top exporter Australia.

  • *FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct. *Banco Espirito Santo stock sinks 19 pct. But stocks remained deep in negative territory, with a broad index trading at 3-1/ 2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.

  • *Metinvest accounts for around 40 pct of Ukraine's steel output. MOSCOW, Aug 1- Metinvest, Ukraine's largest steelmaker, said on Friday it was no longer accepting new orders from buyers due to the months-long crisis in east Ukraine which has forced it to cut production.

  • MOSCOW, Aug 1- Ukraine's largest steelmaker Metinvest said on Friday it was no longer accepting new orders from buyers due to the months-long crisis in east Ukraine which has forced it to cut production. "Until the situation becomes clear, the decision was taken to stop taking new orders and focus on fulfilling existing contracts," a company spokesman said.


  • PARIS, Aug 1- European stocks fell on Friday for the third straight session in brisk trade, with a broad index hitting a 3-1/ 2 month low as tension between Russia and the West as well as concerns around losses at Banco Espirito Santo gnawed at sentiment.

  • *Cuts outlook to more than $7 bln from about $8 bln before. *Iron ore price assumption cut to $105/ tonne from $120. BRUSSELS, Aug 1- ArcelorMittal SA, the world's largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business, sending its shares down some 6 percent.

  • *FTSEurofirst 300 down 0.4 pct, Euro STOXX 50 down 0.3 pct. *Gloomy outlook at Arcelor, Vinci also weigh. The euro zone Euro STOXX 50 index was down 0.3 percent at 3,106.17 points.

  • SYDNEY, Aug 1- London copper was underpinned on Friday by expanding factory activity in China that heralded a rosier outlook for demand, soothing nerves after an overnight rout on Wall Street.

  • *Klesch buys Milford Haven refinery from Murphy Oil. LONDON, July 31- U.S. entrepreneur Gary Klesch is buying the Milford Haven oil refinery on the coast of Wales, safeguarding around 450 jobs and betting an ailing European refining industry can only move up.

  • MOSCOW, July 31- Russian stock indexes erased early gains on Thursday, falling into the red by evening, as global markets declined and Russia waited to see details of further European Union sanctions over the conflict in Ukraine.

  • *Eramet says Norilsk would sell to Asia if targeted by West. PARIS, July 30- An embargo against Norilsk Nickel as part of Western sanctions against Russia would hurt nickel users in Europe and the United States rather than Norilsk itself, the head of French mining group Eramet said.

  • *Mozambique bets on India's growing demand for coal. LONDON, July 30- Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector.

  • China's local GDP data points to recovery, rebalancing Wednesday, 30 Jul 2014 | 2:26 AM ET

    BEIJING, July 30- China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Growth also diverged sharply between eastern and western China.

  • July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 million, or 54 cents, a year earlier.