Metals and Mining Steel Producers

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  • BRUSSELS, Feb 12- European Union regulators opened three new anti-dumping investigations into Chinese steel products on Friday, responding to calls from European industry for protection from cheap imports that they blame for thousands of job losses in Europe. The EU executive also announced provisional anti-dumping duties on cold-rolled flat steel from...

  • *Traders wait for China to reopen with nervousness. London, Feb 12- The price of copper rose on Friday along with oil and European shares on expectations of dovish comments from a senior U.S. Benchmark copper on the London Metal Exchange was trading up 0.7 percent at $4,478 a tonne at 1117 GMT but is on track for its biggest weekly drop in a month.

  • LAUNCESTON, Australia, Feb 11-- When is a bull market not a bull market? The Dec. 11 trough of $37 a tonne was actually the lowest recorded since spot assessments began in late 2008.. The close on Wednesday of $44.50 means iron ore is a mere $7.50 away from the all-time low, with the modest gains in absolute terms providing context to the more impressive percentage rise.

  • MIDLAND, Pa.— Allegheny Technologies Inc. and the United Steelworkers planned contract talks to end a lockout of 2,200 workers. The Pittsburgh- based steelmaker has locked out workers at 12 plants in Pennsylvania and five other states. The company has since idled nearly 260 union and salaried workers by idling its plant in Midland, Beaver County, and plans to do...

  • 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...

  • *EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...

  • China says EU should take steel dumping claims to WTO Saturday, 6 Feb 2016 | 5:47 AM ET

    BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • Tyson Foods, LinkedIn are big market movers Friday, 5 Feb 2016 | 4:38 PM ET

    NEW YORK— Stocks that moved substantially Friday on the New York Stock Exchange and the Nasdaq stock market:. USG Corp., up $1.93 to $21.04. Tyson Foods Inc., up $5.15 to $57.10.

  • LONDON/ MILAN, Feb 5- European equities ended lower after a choppy session on Friday, with the sell-off accelerating in late business after U.S. jobs data left investors guessing about the possibility of an interest rate hike this year. "The result is an even more confused picture on the likely pace of rate increases from the Federal Reserve... which is unlikely to be...

  • NEW DELHI, Feb 5- India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market. Top Indian steel makers such as JSW Steel, Tata Steel Ltd, Jindal Steel& Power Ltd and Kalyani...

  • MILAN, Feb 5- European equities were steady on Friday as a rise in the shares of major banks and industrial companies offset a fall in stocks such as defense group Finmeccanica and steelmaker ArcelorMittal. Data on Friday showed that U.S. non-farm payrolls increased by 151,000 jobs last month and the unemployment rate was at 4.9 percent, the lowest since...

  • LONDON, Feb 5- Zinc is the stand-out amid the general industrial metals gloom right now. It helps that big mines such as Century in Australia and Lisheen in Ireland have just reached the end of their natural lives. Now a new, largely unexpected, ingredient has been thrown into the supply mix in the form of Horsehead Holding's shuttering of its zinc plant in North...

  • Arcelormittal in troubled waters Friday, 5 Feb 2016 | 6:30 AM ET
    Arcelormittal in troubled waters

    The company aims to raise $3b to reduce 15.7b in net debt

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...

  • BRUSSELS, Feb 5- The European Union's top trade official has urged China to take measures to curb overcapacity of its steel industry and warned it that it will open three new anti-dumping investigations this month on steel imports from China. The call comes as the European Union begins a debate into whether to relax trade defences against China as Beijing...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday to raise $3 billion from a share issue to reduce debt, as it continues to suffer from the Chinese industry's overcapacity which it says has driven down world prices. Chief Executive Lakshmi Mittal said that 2015 had been a very difficult year for the steel and mining...

  • TOKYO, Feb 5- Plunging commodity prices are expected to drive losses of around $13 billion on assets held by Japanese trading houses, oil refineries and steelmakers in the current financial year, dealing another blow to a government push to reignite growth. The expected total losses of about 1.54 trillion yen break down to roughly 760 billion yen for oil...

  • MILAN, Feb 5- European shares opened slightly higher on Friday although investors remained cautious before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. BNP Paribas was among the top gainers, up 4 percent, after France's biggest bank presented plans to cut investment banking costs in a bid to bolster...

  • World's largest steelmaker in troubled waters Friday, 5 Feb 2016 | 2:59 AM ET

    ArcelorMittal launched plans to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.