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  • VIENNA, Feb 10- Austria's Voestalpine expects duties on cheap imports to take the pressure off Europe's steel industry this year following its worst downturn in about a decade. European steel companies are struggling to cope with sharp price falls and growing overcapacity as China and Russia are accused of exporting massive quantities at artificially low...

  • EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Wednesday reported fiscal first-quarter net income of $4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Berry Plastics shares have decreased 17 percent since the beginning of the year.

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Wednesday reported fourth-quarter earnings of $123.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Sealed Air expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue expected to be $6.8 billion.

  • *China markets closed for New Year break; to reopen Monday. LONDON, Feb 10- Copper hit a two-week low on Wednesday on persistent worries over global growth, and as traders awaited testimony from Federal Reserve Chair Janet Yellen for clues on the outlook for the dollar. "I expect Yellen to sound a bit more dovish but to keep the door open for rate hikes, which means are...

  • *China markets closed for new year break; to reopen Monday. MELBOURNE, Feb 10- London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices. European finance ministers will call on the Group of 20 biggest world economies at the end of...

  • Boral H1 Net Profit

    Mike Kane, CEO and MD of Boral, says as Australia's economy transitions away from mining, Boral is well-positioned in roads and highway infrastructure.

  • NORTHBROOK, Ill. _ KapStone Paper and Packaging Corp. on Tuesday reported fourth-quarter earnings of $11.8 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Five analysts surveyed by Zacks expected $771.9 million.

  • *Sees 2016 profit outlook $5.50- $7.00/ shr vs est $7.01/ shr. *Posts profit $1.52/ shr vs est of $1.38/ shr. The company, which sells seed, fertilizers and chemicals directly to farmers in North America, said it expects to earn $5.50- $7.00 per share in 2016, slightly below analysts' average estimate of $7.01, according to Thomson Reuters I/B/E/S.

  • Noranda Aluminum files for bankruptcy Tuesday, 9 Feb 2016 | 10:29 AM ET

    KANSAS CITY, Mo.— One of North America's biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda Aluminum Holding Corp., which refines aluminum and mines bauxite, made the Chapter 11 filing Monday in St....

  • *Recommendation linked to payment of 5 pct export tax. JAKARTA, Feb 9- Indonesia's mining ministry on Tuesday recommended that Freeport McMoRan Inc receive a new six-month copper export permit, potentially ending a near two-week stoppage after the previous permit expired last month. Freeport was forced to halt overseas shipments from one of the world's...

  • *Looks set to retest $1,200 an ounce. The precious metal saw some profit taking in early trade after failing to push through key psychological resistance at $1,200 an ounce, but picked up after U.S. markets opened and looked set to retest the $1,200 level. If we can reach $1,200 and hold above it that would probably set the scene to go higher, "said David Govett, head of...

  • *Q4 adjusted operating profit 17.6 mln euros, down 31 pct. *Analysts in Reuters poll expected 24.5 mln euros. HELSINKI, Feb 9- Finnish mining technology company Outotec missed fourth-quarter earnings forecasts and warned that demand from miners would weaken further this year, sending its shares down 20 percent on Tuesday.

  • Graphic Packaging beats 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:45 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported fourth-quarter profit of $57.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Graphic Packaging shares have declined 13 percent since the beginning of the year.

  • CALGARY, Alberta, Feb 9- Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Although the move to support higher-cost production seems counterintuitive, oil sands...

  • HELSINKI, Feb 9- Finnish mining technology company Outotec missed quarterly earnings forecasts on Tuesday and did not propose a dividend, warning demand from miners would weaken further this year. Outotec is struggling as miners have cut spending due to low metal prices, and recent uncertainty regarding China's growth prospects has further hit its business,...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors sought safe havens in the face of...

  • Why oil will recover faster than metals Tuesday, 9 Feb 2016 | 2:15 AM ET
    Operations at U.S. Steel

    Metals prices may have outperformed oil over the past 20 months, but that's unlikely to continue, with metals set to keep dropping, Goldman Sachs said.

  • *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper steadied on Tuesday, underpinned by a weaker dollar as worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week. "There are a lot of people who have come back in 2016 and are...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors seek safe havens in the face of instability...

  • *Asia trade insurers wary over China, India metals firms. *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper drifted on Tuesday after worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week for fresh signals on demand.

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