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Steel Producers

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  • METALS-London copper edges up after Fed minutes Wednesday, 9 Apr 2014 | 9:26 PM ET

    SYDNEY, April 10- London copper edged up on Thursday, supported by the prospect U.S. interest rates may not rise as soon as previously thought, while investors were awaiting Chinese trade data to shed fresh light on demand in the world's top consumer.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.

  • *Prices for stocks at China ports up more than 15 pct. HONG KONG, April 9- Producers of an alternative to refined nickel in China are expected to cut output as prices for ore imports have nearly doubled since end-February in the wake of a ban on shipments by top exporter Indonesia.

  • MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.

  • LONDON, April 7- Britain's second largest steelmaker SSI UK said it expects to record its first ever profit this year and to add much needed jobs in England's north east, but added market conditions were tough and that its future was not yet secure.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • --Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, April 1- China's official Purchasing Managers' Index for March probably isn't as strong as it looks, but that's likely not a bad thing for commodity demand in the next few months.

  • BEIJING, March 31- China's war on pollution is only a few weeks old, but the battle lines are already being drawn between Beijing and Hebei, the province most synonymous with dirty air.

  • Shorts could push markets higher: Expert     Friday, 28 Mar 2014 | 6:34 AM ET

    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.

  • Ukraine faces painful slog to economic recovery Friday, 28 Mar 2014 | 1:00 AM ET

    *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.

  • Gunvor starts iron ore trade, from Singapore Thursday, 27 Mar 2014 | 2:04 PM ET

    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.

  • India's JSW Steel sees flat coking coal imports in 2014/15 Wednesday, 26 Mar 2014 | 10:01 AM ET

    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..