Metals and Mining Steel Producers

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  • PITTSBURGH— United States Steel Corp. on Tuesday reported a loss of $46 million in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported second-quarter net income of $17.3 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. AK Steel shares have more than doubled since the beginning of the year.

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. Australia's BHP Billiton and Rio Tinto, along with Brazil's Vale, have embarked on massive expansion programs in recent years to supply the Chinese market. China is the world's biggest...

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. China is the world's biggest steel producer and iron ore consumer, but growing supplies from Australia and Brazil and the low quality of ore mined locally has increased Beijing's...

  • BEIJING, July 26- China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday. Xinhua said the province planned to cut iron making capacity by 17.26 million tonnes, and reduce 14.22 million tonnes of steel making capacity by the end of...

  • Beijing appears to be on the brink of forcing the most modern and competitive Chinese steelmaker, which is itself struggling amid a global steel glut, to rescue a loss making and heavily indebted rival in what some securities and credit analysts see as potentially a marriage made in hell. Listed units of Baosteel Group, the second-largest Chinese steelmaker,...

  • LONDON, July 25- Zinc resumed its rally on Monday, powered by falling mine supply and copper fell as a sharp drop in oil prices overshadowed expectations of looser global central bank policy. G20 finance chiefs vowed at the weekend to use "all policy tools" to lift global growth after a meeting dominated by the impact of Britain's exit from the European Union.

  • LONDON, July 25- Zinc resumed its rally on Monday powered by falling mine supply, while copper edged up on expected looser global central bank policy. G20 finance chiefs vowed at the weekend to use "all policy tools" to lift global growth after a meeting dominated by the impact of Britain's exit from Europe. Three-month copper on the London Metal Exchange rose 0.4...

  • BEIJING July 24- China, accused of flooding world markets with cheap steel, has started levying anti-dumping duties as high as 46.3 percent on electric steel products imported from Japan, South Korea and the European Union, according to China's official Xinhua news agency said on Sunday. China began levying the duties on Saturday after an investigation by the...

  • In a draft statement obtained by Reuters, the G20 finance ministers and central bank governors meeting in China's southwestern city of Chengdu said that excess capacity problems, "exacerbated by a weak global economic recovery and depressed market demand, have caused a negative impact on trade and workers." Officials from the United States and other...

  • GUADALAJARA, Mexico _ Grupo Simec SAB de CV on Friday reported second-quarter profit of $98 million. The Guadalajara, Mexico- based company said it had profit of 61 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Q2 net profit falls to $406 million. ABB pressed ahead with cost-cutting efforts in the second quarter, including consolidating more than 60 service centers into two sites in India and Poland to handle finance and personnel issues. That weighed on net profit, which fell to $406 million in the three months through June, from $588 million a year earlier, although it...

  • We are always looking for the best markets: Severstal CFO

    Alexey Kulichenko, CFO of Severstal, talks about demand for steel and the Russian company's earnings.

  • LONDON, July 20- Global crude steel production was unchanged in June from the same month last year, as higher output in top producer China was offset by falls elsewhere, figures from the World Steel Association showed on Wednesday. China, which produces about half the world's steel, has been ramping up output since March as rising prices and improved demand...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • SHANGHAI, July 19- China will relax restrictions on foreign enterprises investing in its fledgling free trade zones in a bid to attract more overseas capital, the country's cabinet said on Tuesday. "The move is another step in China's reforms to open up its domestic market and to support free trade zone development," said Liao Qun, China chief economist at Citic...

  • *Signs oversupply in China easing. SYDNEY, July 19- Rio Tinto said on Tuesday it was on track to meet its full-year iron ore shipment guidance from its Australian mines of roughly 330 million tonnes, underscoring the strength of sales to China, despite concerns of oversupply. China accounts for roughly two-thirds of all seaborne trade in iron ore, and the strength...