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Metals and Mining Steel Producers

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  • HOUSTON, Feb 11- A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning. A USW spokeswoman said the union was ready to continue talks with Shell Oil Co, the lead negotiator for U.S. refinery owners. "We're open for...

  • HOUSTON, Feb 10- The United Steelworkers union said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by the union. The USW said lead oil company negotiator Royal Dutch Shell Plc failed to bring experts and information as...

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • The nickel market went on a super-charged rally over the first half of last year, the benchmark London Metal Exchange three-month price racing up from below $15,000 per tonne to a May high of $21,625. At the stroke of a presidential pen, China's massive nickel pig iron sector lost its main source of feed. Great expectations, however, were dashed by reality,...

  • JOHANNESBURG, Feb 10- South Africa's Kumba Iron Ore plans to cut jobs, production costs and capital spending to cope with expected weak prices of the commodity this year, it said on Tuesday, after reporting a fall in 2014 earnings. The Anglo American subsidiary, whose shares fell around 3 percent in early trading, said crude steel production was forecast to recover...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Feb 9- China's January trade data has been viewed as unambiguously weak, and while the softer exports are an obvious concern, the dramatic slump in imports isn't nearly as bad as it looks. While the value of commodity imports has crashed from January 2014 to January this year, volumes still look fairly...

  • MOSCOW, Feb 8- Russia has put 199 major companies on a list of strategic firms eligible for state assistance under the government's plan to help the ailing economy, the Economy Ministry said on Sunday. Russia is sliding towards recession and Moscow has come up with an anti-crisis plan promising state support for various sectors of the economy but giving few...

  • *Coal imports 16.78 mln t, down 38 pct vs Dec, down 53 pct on yr. BEIJING, Feb 8- China's imports of key commodities eased in January after the record high set in December, as expected as the earlier heavy purchases to take advantage of weak prices had swollen inventories, preliminary customs data released on Sunday showed. China's slowing economy- 7.4 percent growth in...

  • HOUSTON, Feb 7- The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc's Whiting, Indiana, refinery and the company's joint-venture refinery with Husky Energy in Toledo, Ohio, shortly after 12 a.m. local time on Sunday would...

  • HOUSTON, Feb 6- A strike by U.S. refinery workers appears set to widen late Saturday night to 11 plants as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, a BP spokesman said on Friday night, the sixth day of the strike. Stoppages by hourly workers represented by the United Steelworkers union are scheduled to begin at 11:59 p.m. local time on...

  • HOUSTON, Feb 6- A strike by U.S. refinery workers is set to widen late Saturday night as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, said a BP spokesman. The Ohio refinery is a joint venture with Husky Energy. About 4,000 workers are currently on strike at nine plants in California, Kentucky and Texas, including seven refineries that account...

  • LONDON, Feb 5- Oil rose towards $56 a barrel on Thursday, recovering from part of the previous session's drop, although traders and analysts said the prospect of a further, sustained rally from near six-year lows looked weak. Brent crude rose $1.69 to $55.85 a barrel by 1345 GMT, having fallen more than a dollar intra-day earlier and settling 5.5 percent lower on...

  • *China cuts bank reserve requirement to spur growth. LONDON, Feb 5- Oil rose towards $55 a barrel on Thursday, recovering from part of the previous session's slide after China took steps to pour liquidity into the world's second-biggest economy, although traders and analysts said oil's outlook looked weak. The market gained support on Thursday from optimism...

  • *POSCO sees 2015 sales 29.3 trln won vs 29.2 trln won last year. *POSCO eyes 2015 spending of 2.9 trln won vs 3 trln won last year. SEOUL, Feb 5- POSCO on Thursday kept its 2015 spending target largely unchanged at 2.9 trillion won from 3 trillion won on a parent basis last year as the world's sixth largest steelmaker expects Chinese demand to remain sluggish.

  • SINGAPORE, Feb 5- Oil markets edged lower on Thursday after big losses in the previous session as record high oil inventories in the United States had cut short a four-day rally. Brent crude for March delivery was 14 cents lower at $54.02 a barrel by 0546 GMT, after touching $55 a barrel earlier in the day. U.S. crude traded 36 cents lower at $48.09 a barrel.

  • HOUSTON, Feb 4- The United Steelworkers union said a new contract offer was made by lead oil company negotiator Royal Dutch Shell Plc on Wednesday night as a strike by U.S. refinery workers ended its fourth day. "The USW has received an offer and will respond after consideration of the offer tomorrow," USW spokeswoman Lynne Hancock said. About 4,000 workers at nine...

  • HOUSTON, Feb 4- Negotiations will resume on Wednesday between Royal Dutch Shell Plc and union leaders as they haggle over a new wage contract for striking U.S. refinery workers, the company said. The two camps have been in a stalemate since the United Steelworkers union called walkouts early on Sunday at nine plants with about 10 percent of U.S. refining capacity,...

  • *Strike affects 10 percent of U.S. refining capapacity. HOUSTON, Feb 4- Negotiations will resume on Wednesday between Royal Dutch Shell Plc and union leaders as they haggle over a new wage contract for striking U.S. refinery workers, the company said. But one plant, Tesoro Corp's 166,000 barrel-per-day Martinez, California, refinery, was shutting down as part of it...

  • Tougher environmental law pressures China steel mills Wednesday, 4 Feb 2015 | 4:04 AM ET

    Nearly three-quarters of China's steel enterprises do not meet environmental standards, and they are under heavy pressure to upgrade, according to estimates by the China Iron and Steel Association. Shine Shen, general manager of the iron ore division of China's third biggest steel producer, the Shagang Group, said some of his company's facilities were not...

  • HOUSTON, Feb 3- Negotiations made no progress on Tuesday as Royal Dutch Shell Plc and union leaders haggled over a new wage contract for U.S. refinery workers who have been on strike for three days, the union said. The two camps have been at an impasse since the United Steelworkers union called walkouts early on Sunday for the first time since 1980 at nine plants with...