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Metals and Mining Steel Producers

  • 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.

  • *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.

  • 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.

  • 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...

  • JPMorgan forecasts Steel Dynamics will generate $3.14 in earnings per share this year compared with the $2.55 Wall Street consensus.

  • *Could drive Tata Steel UK into insolvency without action. The steelmaker, whose UK unit lost 2 billion pounds in the five years to March 2016, is looking for regulatory approval to spin off the 15 billion pound pension scheme into a standalone entity, cut benefits and continue trading. In the letter seen by Reuters, the trustee said the deficit has surged because...

  • PARIS, Jan 26- French steel pipe maker Vallourec and Asco Industries announced on Thursday the finalization of their acquisition of the Saint Saulve steel mill in northern France. The companies' Ascoval vehicle- 60 percent owned by Asco and 40 percent owned by Vallourec- will own all the assets of the mill, which is targeting an annualized production level of...

  • PARIS, Jan 26- French steel pipe maker Vallourec and Asco Industries announced on Thursday the finalisation of their acquisition of the Saint Saulve steel mill in northern France. The companies' Ascoval vehicle- 60 percent owned by Asco and 40 percent owned by Vallourec- will own all the assets of the mill, which is targeting an annualized production level of...

  • *China industrial profits +8.5 pct 2016, +2.3 pct y/y in Dec. BEIJING, Jan 26- Profits for China's industrial firms rose the most in three years in 2016 as a construction boom fueled a rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth of 8.5 percent last...

  • BEIJING, Jan 25- Profits for China's industrial firms rose 8.5 percent in 2016, the most in three years, as a construction boom fueled a months-long rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth last year suggests there may be a solid pick-up in...

  • MANILA, Jan 26- London copper futures ticked higher on Thursday to trade near a two-month high as the dollar wilted amid rising concerns over U.S. *Three-month copper on the London Metal Exchange was up 0.3 percent at $5,957 a tonne by 0110 GMT, not far below Wednesday's peak of $5,973, which was the metal's strongest level since Nov. 28. *The most-traded March copper...