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Metals and Mining Steel Producers

  • The red-hot rally in steel is bound to push iron ore above $80 a tonne for the first time since October 2014, having lifted zinc to a nine-year high. Strong property sales in China along with the government's push for more infrastructure projects via its public-private partnership fund have strengthened steel demand while supply is under control as Beijing...

  • LAUNCESTON, Australia, Nov 28- Almost unnoticed, Rio Tinto Chief Executive Jean Sebastien Jacques has ushered the China iron ore elephant out of the room. News that Rio has quietly abandoned its long-held view that China's steel output will rise to 1 billion tonnes a year by 2030 wasn't exactly hidden by Jacques, but neither was it highlighted when the new boss of...

  • BEIJING, Nov 27- Profit growth in China's industrial sector picked up in October, aided by stronger sales and higher prices, suggesting further strengthening of the world's second-largest economy, though growth was skewed towards high-polluting heavy industry. There has been widespread speculation in China's commodities futures market this year, with...

  • Merkel said Germany, which takes over the G20 presidency next month, would push for a collective solution for the worldwide glut that has dampened steel prices for years and raised tensions between China and other major producers. European and U.S. leaders have pressed China to accelerate capacity cuts, blaming its big exports for slumping prices and accusing...

  • Demand for steel much better than expected: Expert

    S&P Global Platts's Annalisa Jeffries talks about a rally in iron ore on the back of higher steel prices.

  • Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of pollution by restructuring its state-owned coal industry was behind a tripling of coal prices since January. In April, China's State Administration of Work Safety introduced new coal-production caps, restricting the...

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • *Steelmakers see ally in Trump adviser Dan DiMicco. LONDON/ CHICAGO, Nov 23- The top U.S. steelmakers' association said it has been in contact with President-elect Donald Trump's transition team since his election on Nov. 8, as the industry seeks tougher trade defenses under his incoming administration. "We initially communicated with the transition team prior to...

  • NEW YORK, Nov 22- Investors put fresh bets on steel company shares on Tuesday as comments about domestic production from U.S. president-elect Donald Trump helped bolster the positive investor sentiment in the industry that has been fueled by the Nov. 8 election. In a video about his policy plans posted late on Monday, Trump emphasized his desire for the next...

  • BRASILIA, Nov 22- Brazil's International Trade Secretariat characterized exports of hot rolled steel from China and Russia as "dumping" in an announcement in the Official Gazette on Tuesday but requested more information before raising tariffs. The investigation was opened in July at the request of Brazilian steel companies CSN and Gerdau SA as well as the...

  • WASHINGTON, Nov 22- U.S. Steel Corp. has agreed to reduce pollution at three plants in the Midwest and pay a $2.2 million civil penalty to resolve a Clean Air Act lawsuit by the federal government and three states, the U.S. Justice Department said on Tuesday. Steel agreed to reduce pollution at its iron and steel manufacturing plants in Gary, Indiana; Ecorse, Michigan;...

  • SAO PAULO, Nov 22- Brazilian stocks rose on Tuesday as hopes of higher prices of basic products lifted shares of miners, steelmakers and pulp producers. Shares of miners and steelmakers, such as Cia Siderúrgica Nacional SA and Vale SA, also extended their rally. An index tracking shares of producers of basic products listed on the São Paulo stock exchange...

  • Nov 21- President-elect Donald Trump, working to fill administration positions ahead of his inauguration on Jan. 20, was scheduled to hold talks in New York on Monday with former Texas Governor Rick Perry, who is being considered for Cabinet posts including defense, energy and veterans affairs. Trump met with aides and contenders for top U.S. posts over the...

  • BRASILIA, Nov 21- Brazilian President Michel Temer warned on Monday that the public sector debt will swell to the size of the country's gross domestic product by 2024 if public spending is not brought under control and fiscal reforms not enacted. Speaking to an advisory council of business leaders and prominent Brazilians, Temer said his government will send a...

  • DUBAI, Nov 21- The United Arab Emirates could refer the United States to the World Trade Organisation over anti-dumping charges levied on steel pipes, a senior official said on Monday. The U.S. International Trade Commission announced on Friday it was taking measures against UAE, Oman and Pakistan in relation to circular welded carbon-quality steel pipes,...

  • WASHINGTON, Nov 19- President-elect Donald Trump held talks on Saturday with 2012 Republican presidential nominee Mitt Romney, a meeting between famous foes fueling speculation that Romney could be in line to be the new U.S. secretary of state. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired...

  • WASHINGTON, Nov 19- President-elect Donald Trump held talks on Saturday with 2012 Republican presidential nominee Mitt Romney, a meeting between famous foes fueling speculation that Romney could be in line to be the new U.S. secretary of state. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired...

  • WASHINGTON, Nov 19- President-elect Donald Trump held talks on Saturday with 2012 Republican presidential nominee Mitt Romney, a meeting between famous foes fueling speculation that Romney could be in line to be the new U.S. secretary of state. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired...

  • President-elect Donald Trump's Cabinet have emerged, including former CIA chief and retired General David Petraeus as a potential defense secretary, according to a Wall Street Journal report. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired Lieutenant General Michael Flynn to be national...