HELSINKI, July 24- Finnish stainless steel maker Outokumpu on Thursday reported a smaller-than-expected underlying loss in the second quarter, helped by cost-cuts, but forecast a slighty bigger loss for the third quarter. Outokumpu trimmed its underlying operating loss to 6 million euros from 87 million euros in the same quarter a year earlier.» Read More
Ryan Detrick, Schaeffer's Investment Research, turns a technical eye on where he sees the market headed. Technically the S&P 500 still looks pretty good, says Schaeffer.
KIEV, March 28- Smarting from Ukraine's U-turn towards Europe, Russia is likely to employ every weapon in its economic arsenal to ensure its neighbour's road to financial recovery is as painful as possible, even when paved with billions of dollars in Western aid.
*Russia accounts for 25 pct of Ukrainian exports. KIEV, March 28- Smarting from Ukraine's U-turn towards Europe, Russia is likely to employ every weapon in its economic arsenal to ensure its neighbour's road to financial recovery is as painful as possible, even when paved with billions of dollars in Western aid.
Privately-owned Gunvor has stared trading physical iron ore and iron ore derivatives from Singapore, the main trading centre for the steelmaking ingredient widely consumed in China.
NEW DELHI, March 26- JSW Steel, India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/ 15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.
WASHINGTON, March 25- U.S. trade officials should slap duties on super-cheap imports of steel products from South Korea and Turkey, steel industry executives, unions and pro-steel lawmakers said on Tuesday.
*Copper follows shares higher as markets rebound. LONDON, March 25- Copper rose to its highest level in two weeks on Tuesday, supported by prospects that big commodities consumer China will act to support its slowing economy and by improved risk appetite in wider markets.
WASHINGTON, March 25- The U.S. Commerce Department should reverse three preliminary decisions against steelmakers with operations in the United States, the chairman of the Congressional Steel Caucus said on Tuesday.
*Copper follows shares, oil higher as markets rebound. LONDON, March 25- Copper rose to its highest level in nearly a week on Tuesday, supported in part by prospects that big commodities consumer China will act to support its slowing economy, and ahead of key U.S. data later in the session.
*China focus shifts to market forces from direct govt interference. BEIJING, March 25- China has dropped a long-standing target to bring 60 percent of its steel sector under the control of its 10 biggest enterprises by 2015, a goal that has been criticised by companies such as Baosteel for causing a build-up of unprofitable capacity.
BEIJING, March 25- China's policymakers have again promised to make it easier for steel mills to merge and consolidate, but they appear to have ditched a long-standing target to bring 60 percent of the sector under the control of its 10 biggest enterprises by 2015..
RIO DE JANEIRO, March 24- Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its hydroelectric dams.
March 21- AK Steel Holding Corp forecast a bigger loss for the first quarter as an unplanned blast furnace outage in its Kentucky plant hurt shipments and drove up costs. AK Steel estimated a net loss of 44 cents to 49 cents per share for the first quarter. AKS shares were up about 3 percent at $6.89 on the New York Stock Exchange.
March 21- U.S. steelmaker AK Steel Holding Corp forecast a loss in the first quarter, blaming higher costs related to the cold weather and blast furnace outages. The company forecast a loss of 44 cents to 49 cents per share for the first quarter. Analysts on average were expecting a profit of 5 cents, according to Thomson Reuters I/B/E/S.
TOKYO, March 20- Japanese companies are concerned about Prime Minister Shinzo Abe's forceful diplomacy with neighbours like China, at a time when demand from Asia's giant appears to be ebbing, a Reuters survey showed. More than half the executives in the Reuters Corporate Survey said demand from China is peaking or declining.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel. Coal output is also concentrated in the north and east of India, while power demand growth is more toward the south and west.
*2/ 3 of Japan firms see BOJ easing further in H1 2014- poll. TOKYO, Dec 10- Almost two-thirds of Japanese firms expect the Bank of Japan will increase its stimulus in the first six months of 2014, a Reuters poll showed, underscoring the pressure on the central bank to remain the engine of growth under Abenomics.
*Alisher Usmanov's Mail.Ru buys 12 pct stake in VKontakte. His Internet holding group Mail.Ru said it had increased its stake in VKontakte, Russia's answer to Facebook, to around 52 percent by buying 12 percent of VKontakte shares from Megafon Chief Executive Officer Ivan Tavrin.
YOUNGSTOWN, Ohio/ WASHINGTON, March 18- Along the banks of the Mahoning River in the struggling Ohio steel town of Youngstown sits a once-abandoned furniture warehouse that has been converted into a sleek new laboratory.
PARIS, March 17- European stocks rose on Monday, bouncing back from a three-week slide, helped by robust U.S. manufacturing data and after Crimea's vote to join Russia passed without violence.