GO
Loading...

Enter multiple symbols separated by commas

Metals and Mining Steel Producers

More

  • RIO DE JANEIRO, March 30- Nippon Steel& Sumitomo Metal Corp said on Monday it had reported Ternium to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The Japanese steelmaker said Ternium's move was an attempt to influence the vote for a new...

  • LONDON, March 30- Nickel hit its lowest in nearly six years on Monday, as faltering demand for stainless steel and worries that a new tax in Malaysia might push metal into the market dented sentiment. In Malaysia, which stores almost half of the LME's nickel inventories at around 210,000 tonnes, a new government tax may force owners to sell metal rather than bear the...

  • MELBOURNE, March 30- London nickel slid to its weakest in nearly six years on Thursday, hit by faltering demand for stainless steel and worries that a new tax in Malaysia may push metal into the market. "A weak macroeconomic environment and demand data out of China in combination with worries about the Malaysian tax gave enough ammunition for the shorts to come in,"...

  • LONDON, March 27- It's been over a year now since Indonesia imposed its ban on the export of unprocessed minerals. Other resource-rich countries, such as the Democratic Republic of Congo, are traveling the same road but Indonesia is way out in front. The country's two top copper miners, Freeport McMoRan and Newmont Indonesia, have been successfully cajoled into...

  • BEIJING, March 27- China's industrial profits fell 4.2 percent in January-February from a year earlier as the economy slowed and profit margins deteriorated, moderating from an 8 percent drop in December but still the sharpest decline in the first two months since 2012.. Industrial firms made a combined profit of 745.2 billion yuan in January-February, the...

  • HOUSTON, March 26- Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Gas oil produced by the Convent refinery will go to the expanded hydrocracker and 112,000 bpd catalytic cracking unit at the Norco plant.

  • By Manolo Serapio Jr SINGAPORE, March 26- Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. Iron ore stockpiles at Chinese mills and domestic mines have similarly declined, Citigroup said. But in the iron ore market, the typical inverse relationship between...

  • HOUSTON, March 25- Striking workers at Tesoro Corp's Martinez, California, refinery have ratified a new contract, ending a 52- day strike at that plant, the United Steelworkers union said on Wednesday. USW members at the Martinez refinery were the last of three Tesoro groups to approve the contract based on a tentative national agreement reached between the...

  • March 25- United States Steel Corp said it would consolidate its North American flat-rolled operations and temporarily idle its operations at Granite City, Illinois, citing weak demand and falling steel prices. A stronger dollar has made imports cheaper and steel from China has been flooding the U.S. market in the past few quarters, hurting prices and leading...

  • *China import tariffs 24.3-25.2 pct, for Taiwan 10.9-12 pct. BRUSSELS, March 25- The European Union will impose anti-dumping duties from Thursday on imports of cold-rolled stainless steel sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled...

  • BRUSSELS, March 25- The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled stainless steel into the EU in 2013, some 17 percent of...

  • MELBOURNE, March 24- London copper stretched gains to hit the highest in more than two months on Tuesday, as a weaker dollar fueled chart-based buying, but traders said consumers were still holding back on the hope of weaker prices. *Three-month copper on the London Metal Exchange jumped to $6,203.50, the loftiest since Jan. 5, before easing to $6,180 a tonne by 0106...

  • SHANGHAI, March 23- Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. In a draft of a revised restructuring plan for the industry issued late last week, Beijing included a line saying it would support mills' efforts to buy assets abroad, with...

  • Steel hit by strong dollar Friday, 20 Mar 2015 | 1:31 PM ET
    Steel hit by strong dollar

    Analysts expect another tough year for the steel industry, reports CNBC's Morgan Brennan.

  • LONDON, March 20- The iron ore market is turning ever more ugly. The price of ore for immediate delivery to China's Tianjin port is currently assessed by The Steel Index at $54.50 a tonne. "Peak steel" was penciled in for the next decade, an assessment that looks ever more questionable as China's steel producers reel from a toxic mix of slowing demand from the property...

  • China slowdown pushes coal, iron ore to fresh lows Friday, 20 Mar 2015 | 4:00 AM ET

    By Henning Gloystein SINGAPORE, March 20- Key Asian mining markets are being thrown into crisis by China's slowdown and industrial reforms, with coal and iron ore prices falling this week to levels last seen before the global financial crisis. Benchmark Australian coal settled below $60 a tonne on Thursday, the lowest price since before 2008/ 2009. Prices of...

  • March 19- Nucor Corp, the No.1 U.S. steelmaker, cut its profit forecast for the first quarter, saying higher imports were hurting steel prices. Nucor expects imports to slow down in the second quarter, but remain at "excessively high levels", the company said on Thursday. Nucor estimated earnings of 10- 15 cents per share for the first quarter ending April 4.

  • U.S. steelmaker Nucor cuts profit forecast Thursday, 19 Mar 2015 | 9:23 AM ET

    March 19- U.S. steelmaker Nucor Corp cut its first-quarter profit forecast, hurt by a fall in steel prices due to higher imports. Nucor estimated on Thursday earnings of 10- 15 cents per share for the quarter ending April 4. The company had earlier said it expected profit to be above 35 cents per share earned a year earlier.

  • MOSCOW, March 19- Russian steelmaker MMK reported its highest core earnings since 2009 on Thursday, helped by a weaker rouble, which cut its costs in dollar-terms in 2014 and is expected to reduce them further in 2015.. MMK, controlled by businessman Viktor Rashnikov, joins other Russian exporters who have benefitted from a 43- percent decline in the rouble...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 19- It's become conventional wisdom that the commodities boom is over, and while the era of rising prices is gone, figures from the Australian government suggest the surge in volumes is well under way. Australia is the world's top shipper of iron ore and metallurgical coal, number two in thermal...