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Metals and Mining Steel Producers

  • *FMA probed communication of cost overruns at Texas plant. VIENNA, Feb 9- Austria's financial watchdog has cleared steelmaker Voestalpine of any wrongdoing over the way it informed investors of cost overruns at its Texas plant, both parties said on Thursday. In January, it said the cost of the U.S. plant would rise to about $990 million, prompting the FMA watchdog to...

  • Pipeline source dilemma

    CNBC's Jackie DeAngelis reports President Trump's executive order on the Keystone Pipeline could mean construction will begin soon but there are restrictions on where the pipeline has to in made.

  • *Plant will be built on Voestalpine site in Austria. VIENNA, Feb 7- Siemens, steel maker Voestalpine and hydropower firm Verbund are planning to build a cutting-edge plant to make green hydrogen more suitable for industrial use, the companies said on Tuesday. The companies said the 6 megawatt, 18 million euro plant will be more closely integrated into the...

  • LONDON, Feb 7- Last month Indonesia rocked the nickel market. What Indonesia giveth, the Philippines apparently taketh away. And while events in both Indonesia and the Philippines are going to be key price drivers for the foreseeable future, they will impact only the most upstream part of a supply chain which is still amply filled at the refined metal stage.

  • Overturning the TPP will not help the U.S. steel industry much, says Wood Mackenzie

    Dennis Gartman, "The Gartman Letter" editor and publisher, shares his take on U.S. Steel and Freeport-McMoRan. The "Fast Money" traders weigh in.

  • BEIJING, Feb 4- China is disappointed at continued high U.S. tax rates on Chinese steel products and will take necessary steps to protect the rights of its enterprises, a Ministry of Commerce official said on Saturday. The United States moved closer to slapping duties on imports of stainless steel sheet and strip from China this week, issuing a final...

  • USW President: We're disappointed in Labor secretary nomination

    United Steelworkers president Leo Gerard weighs in on President Donald Trump's views on "America First," labor unions and trade.

  • U.S. Steel CEO on job creation

    Mario Longhi, U.S. Steel CEO, discusses his plans to bring back 10,000 jobs back to the U.S., as well as regulation.

  • Miles of unused pipe, prepared for the proposed Keystone XL pipeline, sit in a lot on October 14, 2014 outside Gascoyne, North Dakota.

    Mario Longhi, U.S. Steel CEO, weighs in on President Trump's pipeline, trade and economic plans.

  • Jan 31- Steelmaker Nucor Corp reported a 14.5 percent rise in quarterly revenue on Tuesday, as its steel mill shipments increased. Net earnings attributable to Nucor shareholders was $159.64 million, or 50 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $187.48 million, or 59 cents per share, a year earlier. Revenue rose to $3.96 billion...

  • MOSCOW, Jan 31- Freight One, Russia's largest freight rail operator and part of Vladimir Lisin's UCL Holding, has submitted an official bid for a stake in Transcontainer, Freight One board member Alexander Sapronov was quoted as saying by Interfax on Tuesday. Transcontainer is controlled by Russian Railways, which via associated companies owns around 63...

  • *JFE says pushing ahead with Mexico steel plant. TOKYO, Jan 31- Japan's No.2 steelmaker JFE Holdings on Tuesday said it was on track to build a steel plant in Mexico with U.S. company Nucor, although it is closely watching U.S. policy after President Donald Trump threatened to tear up a regional trade pact. Trump has threatened to ditch the North American Free Trade...

  • Donald Trump

    Trump on Monday reiterated his insistence that pipeline makers use U.S. materials when they build projects in the United States.

  • MOSCOW, Jan 30- Russia appealed to the World Trade Organisation on Monday to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers, one of a number of trade disputes between the two. "The reason for the suit was multiple violations of WTO rules committed by the European Commission during its anti-dumping investigation," the...

  • MOSCOW, Jan 30- Russia said on Monday it was appealing to the World Trade Organisation to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers. "The reason for the suit was multiple violations of WTO rules committed by the European Commission during its anti-dumping investigation," the ministry said in a statement.

  • If built, TransCanadas Keystone XL from Alberta to Nebraska would yield about $2.4 billion a year for Canada, split between government revenues, shareholder profits and re-investment into the still-recovering Canadian oil patch, according to a Conference Board of Canada research note prepared for Reuters on Thursday. For the United States, where...

  • *Copper seen averaging $5,350 in 2017, down 8 percent. Speculators piled in, optimistic about growth in top metals consumer China as well as the United States following Donald Trump's presidential election victory. But the median forecast of 31 analysts for the average 2017 price of cash copper was $5,350 a tonne, down 8 percent from Thursday's close of $5,838.

  • *Copper seen averaging $5,350 in 2017, down 8 percent. Speculators piled in, optimistic about growth in top metals consumer China as well as the United States following Donald Trump's presidential election victory. But the median forecast of 31 analysts for the average 2017 price of cash copper was $5,350 a tonne, down 8 percent from Thursday's close of $5,838.

  • MOSCOW, Jan 27- Russia's biggest steelmakers are expecting 2017 to be a better year for the industry as the national economy improves, thanks to firmer oil prices, and higher steel prices support profits. Net profits at the Russia's biggest steel producer, NLMK, fell 6 percent year-on-year in the third quarter of 2016 and analysts expect weaker earnings in the...

  • If built, TransCanada's Keystone XL from Alberta to Nebraska would yield about $2.4 billion a year for Canada, split between government revenues, shareholder profits and re-investment into the still-recovering Canadian oil patch, according to a Conference Board of Canada research note prepared for Reuters on Thursday. For the United States, where...