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Metals and Mining Steel Producers

  • LAUNCESTON, Australia, March 9- China's imports of major commodities remained robust in February, underlining the recent positive trend, but also masking a few areas of emerging concern. Imports of crude oil, coal, iron ore and copper were all lower in February than in January, but once adjusted to a daily basis, the picture remained one of strength.

  • TOKYO, March 9- Japan on Thursday asked the World Trade Organization to set up a dispute settlement panel to examine India's safeguard duties on steel imports which it says may be violating the WTO rules. Japan in December asked for WTO dispute consultations with India over steel safeguard duties and a minimum import price for iron and steel products.

  • SHANGHAI, March 9- China stocks closed at two-week lows on Thursday, as energy shares tumbled on diving oil prices while global investors turned cautious ahead of a widely expected hike in U.S. interest rates next week. China's producer price index unexpectedly jumped 7.8 percent in February from a year earlier, while consumer inflation slowed to 0.8 percent...

  • *Energy shares in China, HK drop after oil price plunge. SHANGHAI, March 9- Benchmark stock indexes in China and Hong Kong fell on Thursday as a plunge in oil prices weighed on energy sector shares, and as global investors turned cautious ahead of a widely expected hike in U.S. interest rates next week. Shares fell across the board in China and Hong Kong, with the energy...

  • LAUNCESTON, Australia, March 9- China's imports of major commodities remained robust in February, underlining the recent positive trend, but also masking a few areas of emerging concern. Imports of crude oil, coal, iron ore and copper were all lower in February than in January, but once adjusted to a daily basis, the picture remained one of strength.

  • MELBOURNE, March 9- The rise of wind and solar power in Australia was supposed to be the death knell for coal use in the world's biggest exporter of the fossil fuel, but the shunned fuel is finding a new lease of life and may yet attract subsidies to keep the lights on. Supplies are set to tighten with France's Engie SA closing Australia's dirtiest power station,...

  • SAO PAULO, March 8- Latin American currencies weakened on Wednesday after data showed hiring by U.S. private employers surged, solidifying bets on a Federal Reserve interest rate increase next week. Higher rates in the United States could drain capital away from emerging markets, which often lure foreign investors with relatively high yields.

  • Any lingering doubts that air pollution has moved to the very top of Beijing's political agenda should be dispelled. Targets have been set to reduce pollution in Beijing and Tianjin as well as 26 other cities in the provinces of Hebei, Shanxi, Shandong and Henan. But the potential disruptive effects of Beijing's full-out war on pollution will run the gamut of the...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected and as increasing U.S. protectionist rhetoric casts a spotlight on the export giant's trade position. The upbeat import reading reinforced the...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade deficit in three years in February as imports surged far more than expected to feed a construction boom, driven by commodities from iron ore and copper to crude oil and coal. The upbeat import reading reinforced the growing view that economic...

  • *India says requirement for local steel will be WTO compliant. *India fears reliance on Chinese imports- steel ministry paper. NEW DELHI, March 7- India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports,...

  • *Says anti-dumping duties unfairly link Russia with China. LONDON, March 6- Russia's largest steelmaker NLMK is well-placed to weather the impact of European Union and U.S. anti-dumping duties and may expand into new markets such as Turkey and Asia to secure greater profits, it said on Monday. The steelmaker, which is Russia's largest by output, predicts prices...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *China cutting more excess capacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability.

  • *China cutting overcapacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability. China is pledging to cut...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...