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Metals and Mining Steel Producers

  • SAO PAULO, Nov 14- The Brazilian real weakened more than its peers on Monday as traders' concerns over the election of Donald Trump as U.S. president drove investors to seek safer investments ahead of a local holiday. The peso has been the world's worst-performing currency this year on fears Trump could decrease trade and build a wall between the Mexico and the...

  • LAUNCESTON, Australia, Nov 14- The election of Donald Trump as U.S. president has added froth to prices for metals and bulk commodities, but the real driver is, and will remain, the outlook for China. And that rally has a lot more to do with developments in China than it has to do with whether Trump can convince fellow Republican lawmakers to send the U.S. budget further...

  • LAUNCESTON, Australia, Nov 14- The election of Donald Trump as U.S. president has added froth to prices for metals and bulk commodities, but the real driver is, and will remain, the outlook for China. And that rally has a lot more to do with developments in China than it has to do with whether Trump can convince fellow Republican lawmakers to send the U.S. budget further...

  • SYDNEY, Nov 14- Shanghai metals futures opened lower across the board on Monday as hopes for a swift boost from Donald Trump's U.S. presidential election win and improved industrial prospects in China dwindled after propelling markets high late last week. *The most-traded copper contract on the Shanghai Futures Exchange slipped 0.86 percent to 44,940 yuan a...

  • HONG KONG/ TAIPEI, Nov 14- More than 50 violations at a steel mill run by Taiwan's Formosa Plastics Group, including the unauthorised use of a dirtier production process, led to Vietnam's worst environmental disaster, according to an internal government report. After months of popular outrage against both the Hanoi government and one of the communist state's...

  • *Trump has pledged tax cuts and infrastructure spending. LONDON, Nov 10- From construction companies in Spain to copper traders in London's financial district, Donald Trump's victory in the U.S. presidential election is being felt around the world as investors bet on a lasting rise in global inflation. Investors are also betting that American fiscal stimulus...

  • *Trump has pledged tax cuts and infrastructure spending. LONDON, Nov 10- From construction companies in Spain to copper traders in London's financial district, Donald Trump's victory in the U.S. presidential election is being felt around the world as investors bet on a lasting rise in global inflation. Investors are also betting that American fiscal stimulus...

  • BEIJING, Nov 10- The United States has not told China about an investigation into whether Chinese companies shipped steel through other countries to avoid anti-dumping duties, China's commerce ministry spokesman said on Thursday. "To date, the U.S. has not informed China about this," Shen Danyang told reporters at a routine news briefing. China hopes all...

  • LONDON, Nov 9- Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain's largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme's deficit, which is one of the main stumbling blocks in talks to merge...

  • BRUSSELS, Nov 9- A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States. EU and U.S. officials have for more than three years been negotiating the Transatlantic Trade and Investment Partnership, with...

  • BRUSSELS, Nov 9- A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States. We can only hope that his words are not followed by corresponding deeds, "said Thilo Brodtmann, head of Germany's VDMA engineering...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...

  • Nov 8- China Zhongwang Holdings Ltd said the U.S. Commerce Department found in a preliminary determination that some aluminum exports by the company to the United States flouted anti-dumping restrictions imposed in 2010.. The Commerce Department initiated the investigation into China Zhongwang last year after the U.S. Aluminum Extruders Council alleged...

  • *One case involves steel shipments diverted via Vietnam. *Vietnam says ready to work with EU anti-fraud office. But according to a filing on the Vietnamese trade ministry's website- http://bit.ly/2fcVFIV- OLAF is investigating 190 shipments of Chinese coated steel coils that arrived in Portugal, Spain and Poland from Vietnam in 2013-2014..

  • *One case involves steel shipments diverted via Vietnam. *Vietnam says ready to work with EU anti-fraud office. But according to a filing on the Vietnamese trade ministry's website, OLAF is investigating 190 cases of Chinese coated steel coils that arrived in Portugal, Spain and Poland from Vietnam in 2013-2014..

  • *Q2 core profit $1.90 bln vs Reuters poll $1.97 bln. BRUSSELS, Nov 8- ArcelorMittal warned of slower earnings this quarter citing higher coal prices and lower U.S. steel prices after the world's largest steel producer missed core third-quarter profit expectations on Tuesday. Prices for Australian premium hard coking coal have surged to $250 per tonne from...

  • TOKYO, Nov 8- Nippon Steel& Sumitomo Metal Corp, the world's third-biggest steelmaker, does not expect coking coal prices to fall any time soon as China's steelmakers maintain high output while the country's coal producers trim supply, an executive said. Prices of coking coal and coke, which typically account for 20 percent of steel production costs, have rallied...

  • BEIJING, Nov 8- China's imports of commodities slowed to the lowest in months in October, as a week-long holiday closed factories, a weakening currency made foreign raw material more expensive and higher prices for products like crude oil hurt demand, analysts said. China's total exports and imports were lower than expected, adding to the doubts about a pick up in...

  • BEIJING, Nov 8- China's exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world's largest trading nation can be sustained. Indeed, China's imports of iron ore, crude oil, coal and copper all fell in October, after its robust demand drove global prices of many major...