Metals and Mining Steel Producers

More

  • Cramer's Stop Trading: Buy Alcoa now

    CNBC's Jim Cramer explains why he is watching Alcoa.

  • The case has led to renewed pressure on the European Union to be as firm as the United States and China in imposing redressive import duties to counter dumping or perceived unfair subsidies. Brussels opened three anti-dumping investigations into Chinese steel products in February but will not impose any measures until November. The European Commission,...

  • *Low turnout favours eurosceptics in Netherlands as in UK. BRUSSELS, April 7- The European Union's long-running problem with voters just got a little worse after the Dutch rejected an agreement on closer EU ties with Ukraine, highlighting the difficulties of further European integration. Coming less than three months before a British referendum on whether to...

  • *New Caledonia starts nickel laterite ore shipments to China. *Coming Up: U.S. Weekly jobless claims; 1230 GMT. MELBOURNE, April 7- London copper dropped to a one-month low on Thursday, as simmering demand concerns undermined prices that, having broken a key chart support, came under further selling pressure.

  • SHANGHAI, April 6- China's top planning agency has ordered issuers of so-called enterprise bonds and their underwriters to assess the risks of default and report back to the government in a nationwide campaign to limit systemic financial risk. In China's fragmented bond issuance system, the NDRC is responsible for approval of "enterprise bonds" of one-year...

  • China announced last week that new "anti-dumping" tariffs ranging from 14 to 46 percent would apply to steel producers from the European Union, Japan and South Korea, alleging that it suffers "substantial damage" from unfair trade. China reserved the highest new tariff for a specialized kind of steel made in Britain by Tata Steel, which itself touched off...

  • LONDON, April 5- The British government opened talks on Tuesday with potential buyers for Tata Steel's UK operations, including Sanjeev Gupta's commodities company Liberty Group, as it stepped up its battle to find a buyer for the loss-making business. Britain's business minister Sajid Javid met with Gupta in London to establish how firm his interest was in...

  • By Georgina Prodhan and Tatiana Bautzer. FRANKFURT/ SAO PAULO, April 5- Vale SA has agreed to hand its stake in Brazil's CSA steel plant to majority owner Thyssenkrupp for a token sum, allowing the German company to contemplate relaunching a sale process and Vale to focus on its core mining business. Chief Executive Officer Murilo Ferreira said in February the...

  • LONDON, April 5- The British government opened talks on Tuesday with potential buyers for Tata Steel's UK operations, including Sanjeev Gupta's commodities company Liberty Group, as it stepped up its battle to find a buyer for the loss-making business. Britain's business minister Sajid Javid was later due to fly to Mumbai to meet Tata Chairman Cyrus Mistry to...

  • *FTSEurofirst 300 touch lowest since Feb. 26. MILAN/ LONDON, April 5- European shares fell on Tuesday to touch their lowest level in almost six weeks, led lower by German stocks after industrial orders in Europe's biggest economy unexpectedly dropped. Germany's DAX fell 2.3 percent, underperforming a 1.7 percent drop for the pan-European FTSEurofirst 300 which...

  • LONDON, April 5- Support for Britain to stay in the European Union rose in the last month, suggesting a crisis in the steel industry and attacks in Brussels have not boosted the campaign for an exit, according to an ORB poll for the Daily Telegraph. Support for the "In" campaign was up by four percentage points compared to a similar poll carried out last month, which the...

  • *Sale will allow Vale to focus on core mining businesses. SAO PAULO/ FRANKFURT, April 5- Brazilian miner Vale SA has agreed to sell its 27 percent stake in the struggling CSA steel plant to Germany's Thyssenkrupp for a token sum, the two parties said, confirming a Reuters report from Friday. Thyssenkrupp will become the 100 percent owner and have a free hand to do what...

  • TOKYO, April 5- Japan's crude steel output for April-June will fall 2.4 percent from a year earlier to the lowest for the quarter in seven years, the government said on Tuesday. That would come as the latest in a series of signals of economic slowdown, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy and spurring calls for more...

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the struggling CSA steel plant to Germany's ThyssenKrupp for a token value, in a bid to focus on core mining businesses with commodity prices at historic lows. The CSA plant cost $10 billion to build and was Brazil's most expensive ever foreign investment...

  • BEIJING, April 3- Creditors in China's Bohai Steel Group have agreed to extend the maturity of their loans and lower the interest rates under a second restructuring plan for the troubled steelmaker, according to financial magazine Caixin on Sunday. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel...

  • LONDON, April 3- Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • PORT TALBOT, Wales/ LONDON April 3- The closure of Tata Steel's operations in Britain would leave a hole in manufacturers' supply chains, dealing a blow to thousands of smaller firms across the country and creating a logistical headache for the car industry. India's Tata Steel, Britain's biggest producer, put all of its operations up for sale, including the...

  • LONDON, April 3- Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 2- Britain's Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday. Steelmakers in Britain pay some of the highest energy costs and green taxes in the world, but the government says the...

  • NEW YORK/ SAO PAULO, April 1- Brazilian iron ore miner Vale SA is finalizing a proposal to sell its 26.87 percent stake in a steel slab plant that cost nearly $10 billion to build to Germany's Thyssenkrupp for $1 plus the assumption of some debt, a source close to the deal said. The plant, Brazil's most costly foreign investment project ever, reported 2.6 billion euros...