Metals and Mining Steel Producers

  • 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.

  • SINGAPORE, April 15-- China's move to scrap export subsidies on a range of products, most notably steel, means very little and is quite significant. As China started exporting some of its massive steel surplus, the global response has been for governments to impose, or threaten, increasing anti-dumping tariffs. China ended a program which provided export...

  • SHANGHAI, April 15- China's crude steel output hit a record high of 70.65 million tonnes in March, data showed on Friday, as a rally in steel prices and a seasonal pick-up in demand encouraged steel mills in the world's top producer to boost production. Some steel mills are making a profit of as much as 500- 600 yuan a tonne, but a slowing economy, credit shortages and...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • SHANGHAI, April 15- China produced 70.65 million tonnes of crude steel in March, up 2.9 percent from a year ago, government data showed on Friday, as a rally in steel prices and a seasonal pick-up in demand encouraged steel mills to boost production.

  • NEW YORK, April 14- China's bold deal to ditch its disputed export tax rebates on some niche aluminum and steel products could flood the saturated global market, as producers scramble to sell excess metal ahead of the changes, prolonging the industry's pain, traders said. To ease trade friction with Washington, Beijing agreed on Thursday to scrap a program that...

  • SAO PAULO, April 14- The Brazilian real underperformed mostly stronger Latin American currencies after the country's central bank once again heavily intervened to weaken the currency just days before a key vote on impeaching President Dilma Rousseff. If two-thirds vote in favor, the impeachment will be sent to the Senate. If the upper house decides by a simple...