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Metals and Mining Steel Producers

  • The company's stock slumped to a three-month low of $22.88 and was the biggest percentage loser on the New York Stock Exchange. Cowen and Co analyst Novid Rassouli said in a note that the company's flat-rolled shipments were impacted by factors including higher raw material costs and increased planned outage costs. "We now expect our investment in asset...

  • U.S. Steel shares plunge

    Shares of U.S. Steel plunged after the firm posted a surprise loss.

  • The mainland's steel industry remains "excessive," according to Charles Bradford of Bradford Research.

  • A contractor moves steel rebar while working on the construction site of a residential building in New York.

    Macquarie upgrades steel stocks on better pricing and President Trump's potential protectionist agenda.

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • *Japan concerned over Trump's "protectionism". MANILA/ BEIJING, April 24- Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States...

  • SYDNEY, April 24- Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange gained 0.23 percent...

  • BEIJING, April 24- Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday. President Donald Trump on Thursday launching an investigation of China and other steel producers for dumping cheap...

  • SYDNEY, April 24- Shanghai copper futures opened higher on Monday but quickly went into negative territory as investors cut bets that Chinese demand was getting stronger and that global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange dropped 0.24...

  • *Rebates, huge surplus fueling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • LONDON, April 21- Is aluminium the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminium prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • LONDON, April 21- Is aluminum the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminum prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • *Wall Street set to open marginally higher. LONDON, April 21- Global markets appeared largely calm on Friday, the last day of trading before the first round of France's presidential election, with French bond yields hitting a three-month low and the euro treading water against the dollar. U.S. stock index futures indicated Wall Street would also open a little...

  • SEOUL, April 21- South Korea plans to raise the issue of U.S. restrictions on steel imports at World Trade Organization committee meetings next week, its trade ministry said on Friday. The United States has already slapped a series of anti-dumping duties on steel imports from South Korea and other countries. The United States is the biggest market after China for...

  • LONDON, April 21- Is aluminium the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminium prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • LONDON, April 21- Is aluminum the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminum prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • *Rebates, huge surplus fuelling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...