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Metals and Mining Steel Producers

  • BEIJING, Feb 24- China's securities industry association plans to revise rules on private bond sales to restrict issuance of them by property developers, steelmakers and coal producers, two sources with direct knowledge of the plan told Reuters on Friday. Under the revised rules, getting drafted by the Securities Association of China, property developers who...

  • Keystone XL pipeline sections in Little Rock, AK. The pipes were manufactured by Welspun in Arkansas. The steel, however, was sourced from various countries.

    President Donald Trump on Thursday said the companies behind two hotly contested oil pipelines must use U.S. steel in their projects.

  • WASHINGTON, Feb 22- The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products. In 2015, U.S. imports of more than 8.9 million truck and bus tires from China were worth $1.07 billion.

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns over control of the local coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's Metropolitan colliery...

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns with regulators over control of the domestic coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to years of massive losses. Including debt, the deal gives CSA, the largest foreign investment project ever in Brazil, an enterprise value of 1.5...

  • WASHINGTON, Feb 22- The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products. In 2015, U.S. imports of more than 8.9 million truck and bus tires from China were worth $1.07 billion.

  • KIEV, Feb 22- The Ukrainian central bank will take "anti-crisis measures" if a rail blockade in Ukraine's war-torn east continues, resulting in lost foreign exchange earnings, the head of the regulator told Reuters. On Monday, Ukraine's largest steel producer, Metinvest, said the blockade had forced it to halt production temporarily at one of its mills and several...

  • KIEV, Feb 22- The Ukrainian central bank will take "anti-crisis measures" if a rail blockade in Ukraine's war-torn east continues, resulting in lost foreign exchange earnings, the head of the regulator told Reuters. On Monday, Ukraine's largest steel producer, Metinvest, said the blockade had forced it to halt production temporarily at one of its mills and several...

  • SAO PAULO, Feb 22- Yields on Brazilian interest rate futures were nearly unchanged on Wednesday as traders bet the central bank would maintain its pace of rate cuts later in the day. Still, traders said the odds of a steeper cut at the central bank's April meeting have been growing as Brazil's economic recovery struggles to take hold. Brazil's benchmark Bovespa...

  • BEIJING, Feb 22- China will ratchet up planned steel production cuts and target illegal factories in an effort to reduce pollution during the winter, an official said on Wednesday. Steel producing cities in China's Hebei province must also cut production in half during the winter season and seasonal production halts on cement and casting industries in the...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell its loss-making Brazilian steel mill CSA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to billions of euros in losses. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an...

  • LAUNCESTON, Australia, Feb 22- Something is not quite adding up in China's iron and steel markets, with the reasons for the current rally in prices for both commodities jarring uncomfortably with actual data. Iron ore futures on the Dalian Commodity Exchange on Tuesday hit the highest since the contract was launched in 2013, reaching an intraday peak of 741.5...

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • LAUNCESTON, Australia, Feb 22- Something is not quite adding up in China's iron and steel markets, with the reasons for the current rally in prices for both commodities jarring uncomfortably with actual data. Iron ore futures on the Dalian Commodity Exchange on Tuesday hit the highest since the contract was launched in 2013, reaching an intraday peak of 741.5...

  • *Liaoning is China's only province with shrinking economy. A new exhibition center has just opened its doors in the city, the capital of Liaoning province in northeastern China, and the skyline is dotted with cranes working on high-end shopping malls and apartments. After years of investment in infrastructure, some of it encouraged by the central government,...

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • MELBOURNE, Feb 21- London copper held its ground on Tuesday, trading near its highest levels in a week amid ongoing supply concerns from industrial action in Chile and an Indonesian export permit dispute. Three-month copper on the London Metal Exchange edged up 0.1 percent to $6,075 a tonne by 0312 GMT, holding gains after a 1.9 percent rally the session before...

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...