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Metals and Mining Steel Producers

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  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 13- Is China's President Xi Jinping walking in the footsteps of Margaret Thatcher, and if so, how far is prepared to go down the path of the former British leader? Xi is trying to shift China to a consumption-led growth model, and away from the heavy industries that, similar to Britain a century and half...

  • HOUSTON, March 12- The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday. "We salute the solidarity exhibited by our membership," said USW International President Leo Gerard. Lead industry negotiator Royal Dutch...

  • HOUSTON, March 12- The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, sources familiar with the negotiations for a new labor accord said on Thursday. The tentative national agreement may not end strikes at all 12 refineries that have suffered walkouts as issues unique to local union...

  • SAO PAULO, March 12- Brazilian steelmaker Cia Siderurgica Nacional SA expects to double its sales on the U.S. market in 2015 to 600,000 tonnes with the help of a stronger dollar, the company's head of sales said on Thursday. Brazil's currency, the real, has weakened nearly 17 percent against the dollar so far in 2015 and is trading near 11- year lows.

  • HOUSTON, March 11- The United Steelworkers union signaled that lead refinery owner representative Shell Oil Co may offer a possible settlement in the coming days that could end the largest refinery strike in 35 years. "Policy committee traveling to Houston to review any proposals. The national agreement being negotiated by the USW and Shell Oil, the U.S. arm of...

  • *EU, Indonesia, India, Turkey have imposed duties in 2015. This year alone, measures taken to protect steelmakers have been taken in the European Union, Indonesia, India, Turkey, and now Iran. "A steel import tax has been imposed... to protect local steel mills against dumping of China, Russia and Turkey," said Keyvan Ja' fari Tehrani, head of international affairs at the...

  • LONDON, March 11- Ukrainian miner Ferrexpo said higher iron ore pellet premiums and lower production costs helped offset a steep fall in iron ore prices and limit the fall in its annual core profit to just 2 percent. Benchmark iron ore prices fell 28 percent last year due to a supply glut and Ferrexpo said it expects 2015 prices to be "materially below" last year's...

  • ALMATY, March 11- Kazakh President Nursultan Nazarbayev said on Wednesday he will seek re-election in a snap poll next month, which will almost certainly see him extend his 26 years at the helm of the oil-exporting nation by another five. The authoritarian leader's decision to run in the election on April 26 will for now end speculation over his would-be...

  • --Clyde Russell is a Reuters columnist. Steel industry officials in China, the destination of two-thirds of the world's seaborne iron ore, will also tell you how their industry suffers from overcapacity, poor profits and the economy's shift to consumption-led growth. The big three miners, Brazil's Vale, BHP Billiton and Rio Tinto, along with number four, Fortescue...

  • China's Jan-Feb crude steel output falls 1.5 pct on year Wednesday, 11 Mar 2015 | 1:36 AM ET

    SHANGHAI, March 11- China's crude steel output dropped 1.5 percent to 130.5 million tonnes for the first two months of this year, data from the National Bureau of Statistics showed on Wednesday, as a supply glut and slower demand growth forced mills to curb output.

  • PERTH, Australia, March 10- Citi on Tuesday forecast iron ore prices would drop to around $50 a tonne in the short term as demand from Chinese steel mills wanes and oversupply grips the international seaborne markets. "Chances are with the steel margins where they are, there will be a fall in iron ore prices to around $50 a tonne," Citi iron ore and steel trading head...

  • LONDON, March 9- China will be the key determinant of industrial metal prices this year. In the aluminium market, for instance, what China imports from the rest of the world is far less significant for prices than what it exports. Copper is arguably the last of the base metals in which China is still an unequivocal importer.

  • *Coal imports 15.26 mln t, down 9 pct vs Jan, down 33 pct on yr. *Copper imports 280,000 t, down 26 pct on yr. BEIJING, March 8- China's imports of commodities eased again in February, as the Lunar New Year holiday week took a bite out of shipping volumes, preliminary customs data showed on Sunday.

  • *$35 bln poured into Europe stocks, bonds since QE unveiled. PARIS, March 6- European stocks ended slightly higher on Friday, with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan. Finland's Outokumpu jumped 18 percent, Spain's Acerinox gained 6 percent and...

  • *$35 bln poured into Europe stocks, bonds since QE unveiled. PARIS, March 6- European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan. Sources told Reuters the EU will impose anti-dumping duties later this month on imports of stainless...

  • BRUSSELS, March 6- The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. Eurofer says that China and Taiwan shipped 620 million euros worth of cold-rolled stainless steel into the European Union in...

  • SHANGHAI/ HONG KONG, March 6- An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution. China's vast and energy-intensive steel sector is at the heart of the...

  • SINGAPORE, March 5- U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump. President Barack Obama' s demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news...

  • HOUSTON, March 4- Labor leaders and oil company representatives will resume face-to-face talks on Monday in Houston in a bid to agree on a new contract that would end the biggest U.S. refinery strike in 35 years, the United Steelworkers union said on Wednesday. The protracted strike has prompted at least some workers in Texas to return to their jobs.

  • RIO DE JANEIRO, March 4- Brazilian steelmaker Gerdau SA on Wednesday posted quarterly earnings that beat economists' estimates, sending its shares rallying more than 4 percent on the Sao Paulo stock exchange. Gerdau's sales dropped in line with an economic slowdown in Brazil and other Latin American countries, but a weaker real boosted foreign currency...