Metals and Mining Steel Producers

  • *Nickel may be next target for China regulators- broker. "Speculative funds have exited the market at the moment and I think it's time to take a break," said a researcher at a Shanghai- based fund, who declined to be named because he is not allowed to speak to media. Prices retreated after commodity exchanges in Dalian, Shanghai and Zhengzhou increased transaction...

  • *Gupta's Liberty House also interested in deal. Sanjeev Gupta's metals group Liberty House and a management buyout team called Excalibur said they had submitted an initial expression of interest in buying the assets ahead of a 1600 GMT deadline. The two groups had been racing to submit their interest after India's Tata Group announced plans in March to sell...

  • *Latest miner to be hit by coal price slump. PRAGUE, May 3- The main business of Czech miner New World Resources filed for insolvency on Tuesday, but still hopes to agree a reorganisation plan and continue operations. "Although this was a very tough decision to make, this voluntary step is the right choice for the future of OKD, and mainly its employees and the region,"...

  • LONDON, May 3- Business Secretary Sajid Javid has postponed a major trade visit to Iran to focus on the future of Britain's steel industry, a spokesman from the business department said on Tuesday, as the government tries to save thousands of steelworkers' jobs. He had planned to travel to Tehran this month on what would have been the biggest British trade...

  • MELBOURNE, May 3- London copper slipped on Tuesday but stayed around $5,000 a tonne, after last week's gains as markets reopened following a long weekend, while a debt-fueled pick-up in China's economy encouraged cautious optimism over future demand. China's local governments have embarked on a massive new round of off-balance sheet debt financing,...

  • BEIJING, May 3- China has suspended the release of output data for several key commodities amid a crackdown on the illegal sale of state statistics by government officials, raising further concerns about transparency in the world's second-largest economy. Key monthly output numbers for several oil and metal products over the first quarter have still not...

  • A total of 83.19 million tonnes of the steel-making ingredient was discharged at Chinese ports during April, according to ship-tracking data compiled by Thomson Reuters Commodity Research and Forecasts. The ship-tracking data showed that Australia once again snared the lion's share of China's imports, with 54.89 million tonnes being discharged in April.

  • *Profits at China- listed companies dipped 0.45 pct in Q1. SHANGHAI, May 3- China stocks rose more than 1 percent on Tuesday, as investors bet on improvements in corporate fundamentals, although thin trading after the holiday weekend suggests confidence remains fragile. Stock markets in China and Hong Kong were closed on Monday.

  • MELBOURNE, May 3- London copper slipped below $5,000 a tonne on Tuesday, easing after last week's gains as markets reopened following a long weekend, while a debt-fuelled pick-up in China's economy encouraged cautious optimism over future demand. China's local governments have embarked on a massive new round of off-balance sheet debt financing,...

  • SAO PAULO, May 2- More Brazilian companies will face increasing liquidity risk through next year as rising borrowing costs and the harshest recession in decades hamper their ability to service debt, Moody's Investors Service said on Monday. The report underscores the problems in Brazil's strategic industries, which are reeling from the country's worst...

  • NEW DELHI, May 2- India will monitor thousands of mines with the help of satellites starting this year, a government official said, after a three-month pilot project found rampant illegal extraction of limestone in a big state. Mines Secretary Balvinder Kumar declined to name the state ahead of the completion of surveillance in some other regions, but said the...

  • LAUNCESTON, Australia, May 2-- It's sometimes tempting to take a Western view of China and conclude that Beijing's attempts to limit speculation in commodity futures in order to prevent price bubbles are ill-advised and ultimately doomed to failure. It's likely that market participants schooled in the Western ethos of light-touch regulation will balk at...

  • FRANKFURT, April 29- Thyssenkrupp's powerful labour chief warned its leaders not to go ahead with steel merger talks without consulting its works council first, saying steelworkers were ready to fight for their future. Segerath said he did not believe concrete talks were happening yet, and demanded that Chief Executive Heinrich Hiesinger explain to the...

  • SHANGHAI, April 29- Liu Shiyu, China's new securities regulator, faces his first big test as markets watch how he handles a speculative bubble in commodities futures exchanges. Liu's predecessor lost his job earlier this year over his mishandling of China's months-long stock market rout. Liu was appointed in February to head the China Securities Regulatory...

  • SHANGHAI/ MANILA, April 29- China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights. China's second-biggest steelmaker and the world's fourth is the first Chinese steel producer to respond to U.S. Steel, which launched a...

  • SHANGHAI, April 29- China's Baosteel Group said on Friday that three accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and not based on facts. "In particular, the charges claiming that Baosteel stole commercial secrets from U.S. U.S. Steel Corp on Tuesday launched a campaign to prevent imports from...

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. Big bets on Chinese commodities...

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. In response, the exchanges in...

  • *Follows surge in commodities futures prices. HONG KONG, April 29- China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle. In response, commodity futures exchanges in Dalian, Shanghai and...

  • BERLIN, April 28- The European Union should take a tough stance in dealing with China in a dispute over low steel prices, German Economy Minister Sigmar Gabriel said on Thursday. "China can't get market economy status if China does not stick to the rules of a market economy," he said, adding that those who do not respect the rules of free trade could not be guaranteed...