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  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, May 11- China's efforts to re-energise its economy through interest rate cuts are probably not enough to give much of a boost to commodity import demand, but oddly enough may act to boost some commodity exports. However, for China's commodity demand to rise in any meaningful way, it's likely that fiscal...

  • Strong U.S. dollar pressures jobs at exporters Friday, 8 May 2015 | 10:28 AM ET

    The appreciation in the currency weighed on first quarter profits across corporate America, including at soft drink giant PepsiCo Inc and toothpaste producer Colgate-Palmolive. Steel, the rise in the value of the dollar reduced profits from its sales to Europe, while also making steel from South Korea more competitive abroad, helping to force layoffs of...

  • LAUNCESTON, Australia, May 8- If the state of China's economy was to be judged solely on the strength of imports of major commodities, it would be a reasonable conclusion that things were pretty much fine. But look a little further into the figures and concerns start to arise, perhaps not to the extent that China's economy is in deep trouble, but enough to suggest...

  • METALS-London copper drifts ahead of U.S. jobs report Thursday, 7 May 2015 | 8:58 PM ET

    MELBOURNE, May 8- London copper slipped on Friday, weighed by a stronger dollar and worries over consumption in top metals consumer China, and as traders took risk off the table ahead of a major U.S. jobs report. *The most-traded July copper contract on the Shanghai Futures Exchange eased 0.1 percent to 45830 yuan a tonne. *Century Aluminum rejected a...

  • *Rio defies critics of its China steel demand forecast. "With iron ore now trading around $60 a tonne delivered into China, we have more to do to ensure that we maintain the margin between ourselves and other producers," Chief Executive Sam Walsh said at the global miner's Australian annual meeting. Rio Tinto and rivals Vale and BHP have ramped up output over the past...

  • Trade has to be done under rule of law: US Steel CEO Wednesday, 6 May 2015 | 6:52 AM ET
    Trade has to be done under rule of law: US Steel CEO

    Mario Longhi, U.S. Steel CEO, discusses his company's growth strategy, despite energy, and strong U.S. dollar headwinds, and foreign "dumping," Also Longhi discusses US Steel's "Carnegie way" transformation plan.

  • U.S. steel companies want Russian trade deal axed Tuesday, 5 May 2015 | 10:42 PM ET

    WASHINGTON, May 5- U.S. steel producers on Tuesday demanded the Department of Commerce scrap a trade deal sparing Russian producers of carbon steel plate from import duties. Nucor Corp, SSAB Enterprises LLC and Arcelor Mittal USA said a flood of cheap cut-to-length carbon steel plate was hurting the local industry. Last week, Nucor and SSAB Enterprises launched...

  • NEWCASTLE, South Africa, May 5- ArcelorMittal's South African unit will cut second-quarter production by 6 percent at its Newcastle plant due to slack demand from its domestic market, it said on Tuesday. The plant is ArcelorMittal's third-largest in South Africa by output. President Jacob Zuma's government announced plans three years ago to invest $95...

  • BRASILIA, May 4- Industrial output in Brazil probably fell in March for a second straight month on falling auto and steel production, increasing expectations that Latin America's largest economy will tumble into a recession. Brazil's economy, hurt by a combination of high inflation, rising interest rates and tighter government spending, is expected to shrink...

  • MELBOURNE, April 30- London nickel rallied 3 percent on Thursday, echoing gains in Shanghai, as buyers rushed into the contract on pent up supply worries, forcing a flurry of short-covering ahead of a long weekend. London nickel has defied long held expectations of a deficit, slumping to six-year lows mid-month, as China's vast stainless steel industry has bought...

  • Don't buy U.S. Steel: Trader Tuesday, 28 Apr 2015 | 5:30 PM ET
    Don't buy U.S. Steel: Trader

    "Fast Money" trader Brian Kelly thinks investors should get out of U.S. Steel after the company cut its 2015 guidance.

  • LONDON, April 28- A jump in stainless steel output in top producer China drove global production to another record high last year, outstripping demand growth and weighing on prices, an industry report showed on Tuesday. China, which produces about half the world's stainless steel, saw output jump 14 percent year-on-year to 21.7 million tonnes, while the Americas...

  • LAUNCESTON, Australia, April 28- China's import volumes of iron ore and coking coal are looking increasingly disconnected despite the price of both steel-making ingredients tumbling. Chinese iron ore miners are struggling to compete with imports in the wake of collapse in the spot Asian price from above $190 a tonne in February 2011 to a record low of $46.70 on...

  • HOUSTON, April 27- The United Steelworkers union filed a charge with the U.S. National Labor Relations Board against Lyondell Basell Industries for declaring an impasse in negotiations with striking Houston refinery workers, the union said on Monday. Lyondell declared the impasse on April 14 following the rejection of its "last, best and final" contract offer...

  • MOSCOW, April 27- Russian steelmaker Severstal said on Monday its chief executive, Alexey Mordashov, would step down from his position and seek election as chairman of the company's board of directors. Mordashov, who joined Severstal 27 years ago and is estimated by Forbes to have a net worth of $13 billion, said he was stepping down to focus on other business...

  • MELBOURNE, April 27- London nickel extended gains by two percent to hit a one-month high on Monday, fanning a rally in Shanghai on prospects a looming deficit this year will cut feed used by China's stainless steel makers. *Three-month copper on the London Metal Exchange firmed by 0.3 percent to $6,047 a tonne, while the most traded June contract on the Shanghai...

  • Big China steel thrives, stoking export fears Sunday, 26 Apr 2015 | 12:01 AM ET

    SHANGHAI, April 26- Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. That doesn't bode well for struggling steelmakers elsewhere in the world, which have been hoping for a shake-out of the...

  • Steelmaker Nucor's profit falls 39 pct Thursday, 23 Apr 2015 | 9:27 AM ET

    April 23- Nucor Corp, the No. 1 U.S. steelmaker by market value, reported a 39 percent drop in quarterly profit, hurt by lower selling prices. Net income attributable to Nucor fell to $67.8 mln, or 21 cents per share, in the first quarter ended April 4, from $111.0 million, or 35 cents per share, a year earlier. Net sales fell nearly 14 percent to $4.40 billion.

  • HELSINKI, April 23- Shares in Outokumpu tumbled on Thursday after the stainless steel manufacturer cut its sales forecast for its Americas operation because of exports from Asia and weak demand from distributors. However, Outokumpu said it has been hit by increasing steel imports from Asia into the Americas while demand from regional distributors has been...

  • MOSCOW, April 23- Russian steelmaker Severstal reported on Thursday its highest core earnings margin in the first quarter of 2015, helped by a weakened rouble which lowered costs and increased profitability. Severstal, Russia's second largest steel producer, and other exporters have benefited from a 50- percent decline in the rouble against the dollar...