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Metals and Mining Steel Producers

  • BEIJING, Feb 20- China's steel mills and traders were scrambling to find alternative supplies of coking coal for steel making on Monday after Beijing slapped a surprise ban on coal imports from its isolated northern neighbor. Chinese prices of steel, coking coal and coke all rallied, as traders and analysts said mills will likely be forced to buy more expensive...

  • BEIJING, Feb 20- China's steel, coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country. "Rebar jumped on anticipation that the ban on North Korean anthracite could lead to higher costs for steel mills that will struggle to find cheaper...

  • SHANGHAI, Feb 18- China is closely following U.S. He said China would continue to encourage foreign enterprises to invest in China while at the same time encouraging domestic firms to go overseas. Worried its export-dependent industries will suffer, China has repeatedly urged global leaders to reject protectionism, which Trump has championed with his "...

  • BRASILIA, Feb 17- Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA on Friday reported a fourth-quarter net loss of 195 million reais, but said a return to operating profit showed the company's results were improving after a series of heavy losses. Brazil's worst recession on record has slowed construction and automobile sales, causing a slump in...

  • *Copper market focus moves to China's manufacturing data. *Freeport-McMoRan calls force majeure at Indonesia's Grasberg. LONDON, Feb 17- The price of copper slid on Friday as a failure to sustain levels above $6,000 a tonne triggered profit-taking, although a prospect of strong demand from top consumer China and supply disruptions are expected to support...

  • Johannesburg, Feb 17- ArcelorMittal South Africa said on Friday the country's government had approved a new pricing model for flat steel products aimed at bolstering its steel sector. The steelmaker, a unit of ArcelorMittal was fined a record 1.5 billion rand in August for colluding to fix steel prices. The government of Africa's most industrialized country...

  • *Copper market focus moves to China manufacturing data. LONDON, Feb 17- Copper slid on Friday as its failure to sustain levels above $6,000 a tonne triggered profit-taking, but the likelihood of strong demand from top consumer China and supply disruptions are expected to support prices. It will depend on data over the next few months, particularly from China, "said...

  • The plant in Corpus Christi, Texas, is the largest investment in the United States by an Austrian company. The team consists of eight members representing the company's four divisions, equally split between Austria and the United States, and includes legal, treasury and international trade experts, Chief Executive Wolfgang Eder said. Voestalpine generated...

  • LONDON, Feb 16- Iranian steel imports have become the latest threat to European steelmakers, their trade group said on Thursday, after imports from Iran rose by nearly eight times between 2013 and 2016.. Steel lobby group Eurofer said on Thursday that Iranian exports to Europe had leapt to just over 1 million tonnes annually, putting the country just behind India...

  • *Iran could need more iron ore to reach its goal. LONDON, Feb 15- Iran aims to export 20 to 25 million tonnes of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tonnes. The Iranian Mines and Mining Industries Development and Renovation Organisation, in the statement published on its website, quoted a member of...

  • *Tata can now move to close UK final salary pension scheme. LONDON, Feb 15- Tata Steel's British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian company's plan to spin off its entire UK pension scheme still faces regulatory hurdles. In return for pension changes, Tata Steel has pledged...

  • LONDON, Feb 15- Tata Steel's British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian-owned firm's plan to spin off its entire pension scheme still faces regulatory hurdles. The company's new defined contribution scheme will cover its existing 11,000 UK employees.

  • *China, EU to pull closer if U.S. turns inward, protectionist. BRUSSELS, Feb 15- The European Union is preparing an early summit with China in April or May in Brussels to promote free trade and international cooperation in the face of a more protectionist and inward-looking Washington, three EU officials said. "With an early summit, China wants to send a message to the...

  • SAO PAULO, Feb 15- Regardless of whether Banco do Brasil SA misses quarterly profit estimates on Thursday, Chief Executive Officer Paulo Caffarelli has won the trust of investors betting he will be able to restore the earnings power of Brazil's No. 1 bank by assets. Shares in Banco do Brasil have risen 93 percent since the federal government put Caffarelli in...

  • LONDON, Feb 14- Here we go again? The price of iron ore traded on the Dalian Commodity Exchange rose on Tuesday for the sixth consecutive day and is now at its highest level in three years. Iron ore for delivery to China's Qingdao port jumped 6.5 percent to $92.23 a tonne on Monday, the highest since August 2014, according to Metal Bulletin.

  • LONDON, Feb 14- Here we go again? The price of iron ore traded on the Dalian Commodity Exchange rose on Tuesday for the sixth consecutive day and is now at its highest level in three years. Iron ore for delivery to China's Qingdao port jumped 6.5 percent to $92.23 a tonne on Monday, the highest since August 2014, according to Metal Bulletin.

  • *China consumer inflation quickens to fastest since May 2014. BEIJING, Feb 14- China's producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity is building momentum. China consumer inflation also rose more than...

  • *China consumer inflation quickens to fastest pace since May 2014. BEIJING, Feb 14- China's producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity is building momentum. China consumer inflation also rose more...

  • steelmakers@ SAO PAULO, Feb 13- Latin American stocks rose on Monday as China- listed iron ore futures surged, lifting shares of miners and steelmakers. The most-active iron ore contract on the Dalian Commodity Exchange climbed as much as 5.8 percent to the highest since December 2013 as investors bet on strong demand for building materials.

  • SHANGHAI, Feb 13- Chinese steel capacity in operation actually rose in 2016 after a high-profile closure program concentrated on shutting idled plants, environment group Greenpeace said on Monday. "We believe that it's above all in China's self-interest to tackle the overcapacity problem, because of the tremendous health and environmental costs as well as...