Metals and Mining Steel Producers

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  • LONDON, April 20- "Unless China starts to take timely and concrete actions to reduce its excess production and capacity in industries including steel affected governments- including the United States- will have no alternatives other than trade action to avoid harm to their domestic industries and workers." "Blaming other countries is always an easy, sure-fire...

  • *Shanghai rebar, Dalian iron ore surge 6 pct to hit upside limit. *Rebar highest since Feb 2015, Dalian ore highest since Oct 2014. The most-traded rebar, a construction steel product, on the Shanghai Futures Exchange surged 6 percent to close at its exchange-set ceiling of 2,592 yuan a tonne, the strongest since Feb. 27, 2015.

  • SYDNEY, April 20- Mining giant BHP Billiton followed rival Rio Tinto in trimming its iron ore output guidance on Wednesday, helping to ease pressure on an oversupplied market. The world's no. 3 producer cut its Western Australia iron ore production for the year to June 30, 2016 by 10 million tonnes to 260 million tonnes, blaming a cyclone that ripped through the...

  • SYDNEY, April 20- Mining giant BHP Billiton cut its fiscal 2016 iron ore output guidance for a second time on Wednesday, helping ease pressure on an oversupplied market as bad weather curbed output. The world's no. 3 producer trimmed its Western Australia iron ore production for the year to June 30, 2016 by 10 million tonnes to 260 million tonnes, blaming a cyclone...

  • SAO PAULO, April 19- Latin American stocks and currencies rose on Tuesday as a recovery in oil prices boosted investor sentiment and fostered demand for risky assets. Crude prices jumped on Tuesday after a worker strike in Kuwait nearly halved output in the OPEC member nation. After the lower house voted for her impeachment, the Senate could ratify the decision...

  • TOKYO, April 20- Confidence among Japanese manufacturers rose in April but it is expected to worsen again in the coming three months, a Reuters poll found on Wednesday, reflecting concerns about the yen's rise and tepid overseas demand. In the poll of 510 big and mid-sized companies between April 1-15, exporters of cars and electronics complained about a rapid...

  • SAO PAULO, April 19- Latin American stocks and currencies rose on Tuesday as a recovery in oil prices boosted investor sentiment and fostered demand for risky assets. Crude prices jumped on Tuesday after a worker strike in Kuwait nearly halved output in the OPEC member nation. After the lower house voted for her impeachment, the Senate could ratify the decision...

  • *China has cut capacity; criticism is "lazy protectionism". *China says March output was a record 70.65 mln tonnes. BRUSSELS/ BEIJING, April 19- Under pressure to curb steel output and relieve a global glut, China said on Tuesday its production actually hit a record high last month as rising prices, and profits, encouraged mills that had been shut or suspended to resume...

  • *Rising anti-dumping duties against China seen hurting exports. SHANGHAI, April 19- The recent rally in steel prices in China will be unsustainable, given rising output from steel mills in the world's biggest producer and consumer of the alloy, the China Iron& Steel Association said on Tuesday. While government measures to boost the economy will underpin local...

  • *China says has cut capacity, criticisms "lazy protectionism". BRUSSELS/ BEIJING, April 19- China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting U.S. criticism of Beijing's approach and an angry response from Chinese officials.

  • *China says has cut capacity, criticisms "lazy protectionism". BRUSSELS/ WASHINGTON, April 19- China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting U.S. criticism of Beijing's approach. Washington pointed the finger at China over the...

  • LONDON, April 18- "Today we have signed an agreement with China to eliminate export subsidies that the United States challenged because they are prohibited under WTO rules." So said United States Trade Representative Michael Froman in announcing last week's deal with China to end what Froman described as a "massive and complex export subsidy progam".

  • *China says has cut capacity, criticisms "lazy protectionism". BRUSSELS/ WASHINGTON, April 19- China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity and whether Beijing is keeping loss-making producers afloat. Washington pointed the finger at China...

  • WASHINGTON, April 18- China must take "timely and concrete actions" to reduce excess production and capacity in its steel industry or face possible trade action from other countries, U.S. officials said on Monday. The warning followed failure to agree measures to tackle a global steel crisis during a meeting on Monday in Brussels of ministers and trade officials...

  • BRUSSELS, April 18- China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity and whether Beijing is keeping loss-making producers afloat. China's assistant commerce minister, Zhang Ji, countered accusations that Beijing subsidises steel...

  • LONDON, April 18- "Today we have signed an agreement with China to eliminate export subsidies that the United States challenged because they are prohibited under WTO rules." So said United States Trade Representative Michael Froman in announcing last week's deal with China to end what Froman described as a "massive and complex export subsidy progam.

  • CUBATAO, Brazil, April 18- On a warm September morning in 2014, the 10- man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. The tense impasse marked a new deterioration of a conflict between the two controlling shareholders that has now left the survival of Brazil's largest producer of flat steel in doubt.

  • GENEVA, April 15- India's decision to put minimum prices on imported iron and steel and to impose emergency "safeguard" tariffs on some steel imports drew wide criticism at a meeting of the World Trade Organization's Goods Council on Friday, a WTO official said. Japan led the criticism of India, and its concerns were echoed by Taiwan, Canada, Australia, the European...

  • GENEVA, April 15- India's decision to put minimum prices on imported iron and steel and to impose emergency "safeguard" tariffs on some steel imports drew wide criticism at a meeting of the World Trade Organization's Goods Council on Friday, a WTO official said. The United States and Japan led the criticism of India, and their concerns were echoed by Taiwan, Canada,...

  • *China Q1 GDP meets expectations at +6.7 pct. *China industrial output, new loans beat forecasts. China posted its slowest economic growth since 2009 but a surge of new debt appears to be fuelling a recovery in factory activity, investment and household spending in the world's second largest economy.