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Steel Producers

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  • SYDNEY, May 23- London copper was headed for a small weekly gain on Friday following a push to two-month peaks earlier this week, while nickel looked set to pocket a near 4 percent rise, building on the year's stellar advance after Indonesia curbed supply.

  • Federal Reserve's meeting that reassured investors that policy makers will continue to support the economy, but uncertainty about the health of China's economy kept a lid on gains. While China's factory sector turned in its best performance in five months in May, at 49.7 the HSBC Flash China Manufacturing PMI still pointed to a contraction.

  • SAO PAULO, May 22- Afranio Sobrinho has one of the most unpopular jobs in Brazil. Sao Paulo's main reservoir fell last week to an all-time low of 7.8 percent of capacity, raising the specter of a water shortage in a country with the world's largest fresh-water reserves.

  • LONDON, May 21- Global crude steel output rose at its second-fastest level this year in April, responding to an uptick in demand in Europe and the Middle East, though higher output in China added to oversupply and kept prices depressed.

  • High nickel stocks unlikely to bring rally to an end Wednesday, 21 May 2014 | 9:00 AM ET

    LONDON, May 21- High global stock levels of nickel, while worrying some investors, are unlikely to end a rally that started in January, because some is not available and the rest is not enough to replace lost supplies from Indonesia.

  • *China may miss trade target for third straight year. Copper dipped as persistent concerns about Chinese growth outweighed a tight physical market. Nickel, which is up more than 40 percent this year after top producer Indonesia banned unprocessed ore exports, pared its losses to trade at $19,650 by 1012 GMT, down 2.2 percent.

  • COLUMN-For investors, coal brings lumps Monday, 19 May 2014 | 12:40 PM ET

    CHICAGO, May 19- If you care about the environment, you can emulate Stanford University's move to remove coal-producing companies from its endowment portfolio by purging fossil fuel companies from your own investments, although it will take a customized strategy.

  • SEOUL, May 19- South Korean steelmaker POSCO said on Monday it may consider selling a stake in its profitable trading and resources arm Daewoo International Corp as part of a restructuring plan aimed at shoring up its finances.

  • LAUNCESTON, Australia, May 19- Narendra Modi's crushing election win has given rise to hopes for an economic revival in India, but much will depend on whether he can replicate the electricity success of his home state.

  • RIO DE JANEIRO, May 16- Brazilian mining giant Vale said on Friday it plans to close its Integra coal mine in Australia because it is losing money, the latest in company efforts to row back from non-core overseas assets. The price of thermal coal fell 40 percent in the last three years as coal supply remained robust and demand fell in Europe and China.

  • LONDON, May 16- "We expect that the price in the second half will be better than the first half. One thing is for sure, the price will not go below $110 on a sustainable basis. So said José Carlos Martins, executive officer of ferrous and strategy at Vale, the world's largest producer of iron ore, speaking on the Brazilian company's Q1 analysts call.

  • *Coming Up: U.S. Housing starts, Building permits April at 1230 GMT. Copper prices have been underpinned by tight supply and falling stocks amid the peak season for demand. "Copper prices have broken out of their recent range, but in the near term I question how much further they can go," said Tim Radford, analyst at adviser Rivkin in Sydney.

  • TANGSHAN, China, May 16- Credit controls imposed on China's debt-ridden steel sector have left many producers unable to afford upgrades needed to survive the country's war on pollution, and 80 million tonnes of capacity could shut in two years, an industry official said.

  • *Coming Up: U.S. Housing starts, Building permits April at 1230 GMT. Copper prices have been underpinned by tight supply and falling stocks amid the peak season for demand. "Copper prices have broken out of their recent range, but in the near term I question how much further they can go," said Tim Radford, analyst at adviser Rivkin in Sydney.

  • May 16- Alcoa Inc said it had reached a tentative agreement on a new five-year labor contract with the unionized workers at 10 U.S. metal plants shortly before the expiration of their previous labor contract.

  • May 15- Negotiators for Alcoa Inc and unionized workers at 10 U.S. plants were "very far part" on several key issues, including wages and healthcare premium increases, with less than 12 hours before the expiration of their labor contract, the United Steelworkers said on Thursday.

  • METALS-Nickel recoups some losses after falling 10 pct Thursday, 15 May 2014 | 12:26 PM ET

    LONDON, May 15- Nickel prices recouped some losses on Thursday, paring an earlier 10 percent fall as investors seized the opportunity to jump back into a market, where there are expectations of future gains as supply shortages become more severe.

  • LONDON, May 15- Nickel rebounded on Thursday, paring an earlier 10 percent loss as investors seized the opportunity to jump back into the market, where there are expectations of future gains as supply shortages become more severe.

  • Nickel prices reached their highest in more than two years on Tuesday with gains of more than 50 percent this year in response to an export ban by top ore supplier Indonesia in January. Nickel is expected to bounce back as long as Indonesia keeps squeezing supply and stainless steel producers can absorb higher prices.

  • Banks vie for fees as Nordic deal scene ignites Thursday, 15 May 2014 | 5:39 AM ET

    *Nordics increase share of Europe's M&A, listings. STOCKHOLM, May 15- Scandinavia has become a hot spot in Europe's corporate dealmaking scene this year, almost doubling its share of merger and acquisition activity and listing more companies than anywhere but Britain.