Metals and Mining Steel Producers

  • OTTAWA, June 29- Canada, the United States and Mexico on Wednesday demanded that all major steel-producing nations make a strong and immediate commitment to address the problem of excess capacity in the industry. A joint statement called for an end to government subsidies and supports that artificially maintain capacity, but did not name any country.

  • LONDON, June 29- China is frantically trying to apply the brakes to its runaway steel juggernaut. Beijing, in other words, is using all of its centrally-controlled levers to try and reform the sector. But the palpable sense of urgency is being dictated by the growing international pressure on China to halt its surging steel exports.

  • MANILA, June 28- Commodity futures in China from steel to soymeal rallied on Tuesday, as investors bet on countries bringing in measures to counter the shock to markets and economies from Britain's vote to leave the European Union. China's commodities markets had recently calmed after a roller-coaster ride started in April, when soaring prices and volumes...

  • BEIJING, June 28- China could file suit at the World Trade Organization in order to protect its steel industry, the Commerce Ministry said on Tuesday, after the United States said some steel imports from China were hitting U.S. producers. The U.S. Commerce Department had already slapped duties of up to 450 percent on the steel products from China and duties ranging...

  • Li Keqiang SOTs

    China's Premier Li Keqiang takes questions from KPMG's John Veihmeyer about capital market reforms and Alcoa's Klaus Kleinfeld on steel and coal overcapacity.

  • LONDON, June 27- What sort of threat does the election of a new government in the Philippines pose to China's nickel pig iron sector? China's NPI sector, an integral part of the country's stainless steel supply chain, has become increasingly dependent on Philippine ore since 2014, when its previous main supplier, Indonesia, banned all exports of unprocessed...

  • RIO DE JANEIRO, June 27- Brazil's Usiminas said on Monday that after the second round of a capital injection plan the firm has raised 999.98 million reais, a key step in helping the steelmaker refinance debt and fight its worst crisis in decades.

  • LONDON, June 27- What sort of threat does the election of a new government in the Philippines pose to China's nickel pig iron sector? China's NPI sector, an integral part of the country's stainless steel supply chain, has become increasingly dependent on Philippine ore since 2014, when its previous main supplier, Indonesia, banned all exports of unprocessed...

  • World stocks headed for one the biggest slumps on record as investors predicted the impact of the narrow 52 vs 48 percent vote for Britain to leave the European Union would damage economic confidence across the globe. Those who campaigned for Britain to leave had said a weaker pound could help UK exports, but it will also reduce the value of foreign companies' UK...

  • LONDON, June 24- Chief executives from Tokyo to Denver woke up on Friday to currency turmoil, plunging share prices and tough decisions after Britain's vote to leave the European Union raised widespread fears over economic growth. World stocks headed for one the biggest slumps on record as investors predicted the impact of the narrow 52 vs 48 percent vote for...

  • LONDON, June 24- Shocked chief executives from Mumbai to Denver woke up on Friday to face tough decisions over how to respond to Britain's vote to leave the European Union. In Britain itself, businesses as diverse as engineering group Rolls-Royce, drugs giant AstraZeneca, housebuilders and makers of Scotch whisky were braced for disruption in the short and long...

  • *China jobs market not as weak as previously thought. WENXI, China, June 24- Despite its sputtering economy- or perhaps because of it- China's labour market may be able to provide more jobs for laid off workers than many think. This suggests concerns about mass unemployment as China cuts down its industrial capacity and the risk that this could lead to social unrest...

  • *China jobs market not as weak as previously thought. WENXI, China, June 24- Despite its sputtering economy- or perhaps because of it- China's labor market may be able to provide more jobs for laid off workers than many think. This suggests concerns about mass unemployment as China cuts down its industrial capacity and the risk that this could lead to social unrest...

  • SAO PAULO, June 23- Latin American stocks and currencies extended their rally on Thursday as traders doubled down on bets that Britons will vote to stay in the European Union. Brazil's benchmark Bovespa stock index rose 2.2 percent, its biggest daily increase since June 8. Shares of Usinas Siderúrgicas de Minas Gerais SA advanced 3.8 percent after state...

  • LAUNCESTON, Australia, June 23-- The beautiful thing about cleaning out the executive ranks is that it gives a company an opportunity to press the reset button on strategies and positions. Jean-Sebastien Jacques, who takes over from Sam Walsh as chief executive at the start of July, has already moved to put his stamp on the world's second-largest mining company.

  • *India lifts restriction on flying overseas. NEW DELHI, June 23- Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. The $100 billion Tata group conglomerate is a major beneficiary of the decision last week to open up aviation in India, making it easier for start-ups to fly overseas sooner.

  • LAUNCESTON, Australia, June 23-- The beautiful thing about cleaning out the executive ranks is that it gives a company an opportunity to press the reset button on strategies and positions. Jean-Sebastien Jacques, who takes over from Sam Walsh as chief executive at the start of July, has already moved to put his stamp on the world's second-largest mining company.

  • SHANGHAI, June 23- China's Commerce Ministry said on Thursday it was deeply concerned about protectionism in the U.S. steel sector and urged the United States to strictly abide by World Trade Organization rules. This has escalated trade spats between China and other steel producing nations such as Japan, India and the United States. The ministry statement...

  • SHANGHAI, June 23- China's Commerce Ministry said on Thursday it was deeply concerned about protectionism in the U.S. steel sector and urged the United States to strictly abide by World Trade Organization rules. The lack of competitiveness by the U.S. steel sector is a result of overprotection, the ministry said in a statement on its website.

  • *India lifts restriction on flying overseas. NEW DELHI, June 23- Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. The $100 billion Tata group conglomerate is a major beneficiary of the decision last week to open up aviation in India, making it easier for start-ups to fly overseas sooner.