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Metals and Mining Steel Producers

  • BEIJING, Jan 13- China's iron ore imports slipped 8 percent in December from a record a year earlier amid seasonal weakness in steel demand, but purchases for the full year hit an all-time high and could remain strong in 2017.. Imports rose 7.5 percent to 1.024 billion tonnes in 2016, data from the General Administration of Customs showed, as economic stimulus...

  • BEIJING, Jan 13- Chinese imports of iron ore eased 8 percent in December from record highs a year earlier as steel mills in the world's top consumer curbed output due to a seasonal slowdown in demand during the cold winter months, official data showed on Friday. Iron ore prices soared 80 percent in 2016 as economic stimulus in China helped sustain steel output.

  • BEIJING, Jan 13- China's imports of iron ore rose 7.5 percent to a record 1.024 billion tonnes in 2016, data from the General Administration of Customs showed on Friday, as economic stimulus measures sustained steel demand even as the government cracked down on excess capacity. Based on Reuters calculations, shipments in December were 88.76 million tonnes,...

  • *For graphic showing China choke points: http://tmsnrt.rs/2ijdN1G. SINGAPORE, Jan 13- A huge traffic jam of hundreds of ships carrying coal and iron ore into China has built up outside key ports like Tianjin and Caofeidian, just as winter demand hits its peak ahead of the Chinese New Year holiday later this month. This has left hundreds of ships sitting in China's...

  • SAO PAULO, Jan 11- The Mexican peso weakened to an all-time low on Wednesday ahead of a news conference by U.S. President-elect Donald Trump, whose protectionist rhetoric has weighed on demand for the currency. Traders expect Trump to clarify whether he will stand by his campaign pledges to break with trade agreements with Mexico.

  • SAO PAULO/ MEXICO CITY, Jan 10- Mexico's peso crashed to historic lows on Tuesday, as concern grew over what policies U.S. President-elect Donald Trump could enact against Latin America's second-largest economy. Jose Angel Gurria, secretary general for the Organization for Economic Co-operation and Development, said on Tuesday that he thought further...

  • Gartman: We like things that if you drop on your foot will hurt

    Dennis Gartman, The Gartman Letter, shares his outlook on metals, including his bullish take on gold and steel. The "Fast Money" traders weigh in.

  • Gibbs: AK Steel best turnaround story for 2016

    Philip Gibbs, Keybanc Capital Markets, shares his take on AK Steel, and whether investors should own it.

  • Jan 10- Global commodities trader Cargill Inc on Tuesday reported a sharply higher adjusted quarterly profit led by strong results from its beef and turkey businesses and robust demand for North American grain and oilseed crops. The privately held company said adjusted operating earnings jumped nearly 80 percent in the second quarter ended Nov. 30 to $1.03...

  • SAO PAULO, Jan 10- Brazilian stocks rose on Tuesday as hopes that China would further cut steel output lifted shares of miners and steelmakers for a second day. The official Xinhua news agency reported on Sunday that Hebei province, which accounts for about a quarter of China's total steel output, plans to slash 31.86 million tonnes of steel and ironmaking...

  • LONDON, Jan 9- The way in which industrial metals are priced is starting to change. The last year, however, has seen LME prices sway to the increased gravitational pull of China's Shanghai Futures Exchange. In the United States, meanwhile, CME Group has launched five industrial metal contracts over the last 12 months as it seeks to challenge the LME's global...

  • FRANKFURT, Jan 9- Workers at German steelmaker Thyssenkrupp will refuse to pick up the tab for concessions being offered to British unions by Tata Steel to further a merger, Thyssenkrupp's labor chief told Reuters on Monday. Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity, but...

  • FRANKFURT, Jan 9- Workers at German steelmaker Thyssenkrupp will refuse to pick up the tab for concessions being offered to British unions by Tata Steel to further a merger, Thyssenkrupp's labour chief told Reuters on Monday. Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity, but...

  • *Australia sees big iron ore price drop coming. SYDNEY, Jan 9- Australia has forecast a steep decline in the price of iron ore, its most valuable export commodity, calling an end to an unexpected rally fueled by strong demand from China. In a closely watched release, Australia's Department of Industry, Innovation and Science on Monday predicted iron ore to average...

  • *Australia sees big iron ore price drop coming. SYDNEY, Jan 9- Australia has forecast a steep decline in the price of iron ore, its most valuable export commodity, calling an end to an unexpected rally fueled by strong demand from China. In a closely watched release, Australia's Department of Industry, Innovation and Science on Monday predicted iron ore to average...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • WASHINGTON, Jan 6- The U.S. International Trade Commission on Friday said it found harm to U.S. producers from imports of certain carbon and alloy steel cut-to-length plate from Brazil, South Africa and Turkey. In a notice on its website, it said that imports from the three countries "injures U.S. industry," adding that it would release a fuller statement later on...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 5- The Mexican peso strengthened on Thursday after the central bank sold dollars to support the ailing currency, which has been battered by uncertainty over U.S. The currency posted its worst yearly performance since 2008 last year on concerns that Trump could enact protectionist policies against Mexico. It extended losses in the first days of...

  • SYDNEY, Jan 5- Copper extended gains on Thursday, buoyed by a weaker U.S. dollar and a brightening outlook for demand in top metals consumer China. *Three-month copper on the London Metal Exchange had climbed 0.8 percent to $5,6090 a tonne by 0100 GMT, following a 2.6- percent rise overnight after China unveiled a metals-intensive railway construction plan.