Metals and Mining Steel Producers

  • July 8- Tata Steel Ltd said on Friday it was in talks with potential strategic partners in the steel industry, including Thyssenkrupp AG, to explore a potential joint venture for its UK business. However, the company said the talks were currently at a preliminary stage and there could be no certainty of a transaction as the outcome depends on consultation and...

  • BRUSSELS, July 7- The European Commission will investigate whether Russia, Brazil and three other countries are flooding the bloc with cheap hot-rolled flat iron and alloy and non-alloy steel products, following a complaint from European rivals. In addition to Russian and Brazilian iron and steel exporters, the Commission is also targeting those from Serbia,...

  • LONDON, July 6- The British government's offer of financial aid to Tata Steel UK and to potential buyers of its assets here is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union. It also pledged to take a 25 percent equity stake in Tata Steel UK and reform the British Steel Pension...

  • LONDON, July 6- The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union. It also pledged to take up to a 25 percent equity stake in Tata Steel UK and reform the British Steel Pension Scheme.

  • BERLIN, July 2- Europe needs to protect itself against Chinese steel exports, German Economy Minister Sigmar Gabriel said on Saturday at a conference of his Social Democrat party. "And that includes Europe confidently protecting its markets if others- in this case China- try to destroy our industrial foundations with government funds. China is by far the world's...

  • ROME, June 30- ArcelorMittal and Italy's Marcegaglia have offered to acquire Italian steel plant Ilva, pitting themselves against a rival joint bid by Italy's state lender CDP, businessman Leonardo Del Vecchio's holding company and steelmaker Arvedi. The loss-making Ilva group, which Italy's government took over last year to save jobs and clean up polluted...

  • BARNSLEY, England, June 30- Owen Gleadall remembers the previous time Britain voted on Europe. It was 1975, and most people in his Yorkshire mining town of Barnsley were ambivalent about the issue. Britain says European rules ban subsidies for steel, for example, yet Germany gives its steel industry cheap power.

  • BARNSLEY, England, June 30- Owen Gleadall remembers the previous time Britain voted on Europe. It was 1975, and most people in his Yorkshire mining town of Barnsley were ambivalent about the issue. Britain says European rules ban subsidies for steel, for example, yet Germany gives its steel industry cheap power.

  • MELBOURNE, June 30- London zinc was on track to be the best performer of base metals for the second quarter on Thursday, set for its biggest quarterly rise in nearly six years as a dearth of new mine supply starts to tighten global supplies of the metal. "Zinc has tightened, looks tight, and may tighten further," said analyst Lachlan Shaw of UBS in Melbourne.

  • OTTAWA, June 29- Canada, the United States and Mexico on Wednesday mounted a fierce defense of free trade, vowing to deepen economic ties despite shifting political debate about the value of globalization. Obama and Pena Nieto stressed the importance of the relationship between their countries, which has come under strain amid heated U.S. campaign rhetoric, and...

  • OTTAWA, June 29- Canada, the United States and Mexico on Wednesday vowed to deepen their economic ties, pushing back against anti-free-trade sentiment that has shifted political debate in the United States and Europe. President Barack Obama, Prime Minister Justin Trudeau and President Enrique Pena Nieto, meeting at a "Three Amigos" summit in Ottawa, said an...

  • OTTAWA, June 29- Canada, the United States and Mexico on Wednesday vowed to deepen their economic ties, pushing back against anti-free-trade sentiment that has shifted political debate in the United States and Europe. President Barack Obama, Prime Minister Justin Trudeau and President Enrique Pena Nieto, meeting at a "Three Amigos" summit in Ottawa, said an...

  • LONDON/ BRUSSELS, June 29- A government overhaul of the British Steel Pension Scheme- crucial to convincing anyone to buy Tata's British assets- is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said. Britain's government has been trying to overhaul the British Steel...

  • OTTAWA, June 29- Canada, the United States and Mexico on Wednesday demanded that all major steel-producing nations make a strong and immediate commitment to address the problem of excess capacity in the industry. A joint statement called for an end to government subsidies and supports that artificially maintain capacity, but did not name any country.

  • LONDON, June 29- China is frantically trying to apply the brakes to its runaway steel juggernaut. Beijing, in other words, is using all of its centrally-controlled levers to try and reform the sector. But the palpable sense of urgency is being dictated by the growing international pressure on China to halt its surging steel exports.

  • MANILA, June 28- Commodity futures in China from steel to soymeal rallied on Tuesday, as investors bet on countries bringing in measures to counter the shock to markets and economies from Britain's vote to leave the European Union. China's commodities markets had recently calmed after a roller-coaster ride started in April, when soaring prices and volumes...

  • BEIJING, June 28- China could file suit at the World Trade Organization in order to protect its steel industry, the Commerce Ministry said on Tuesday, after the United States said some steel imports from China were hitting U.S. producers. The U.S. Commerce Department had already slapped duties of up to 450 percent on the steel products from China and duties ranging...

  • Li Keqiang SOTs

    China's Premier Li Keqiang takes questions from KPMG's John Veihmeyer about capital market reforms and Alcoa's Klaus Kleinfeld on steel and coal overcapacity.

  • LONDON, June 27- What sort of threat does the election of a new government in the Philippines pose to China's nickel pig iron sector? China's NPI sector, an integral part of the country's stainless steel supply chain, has become increasingly dependent on Philippine ore since 2014, when its previous main supplier, Indonesia, banned all exports of unprocessed...

  • RIO DE JANEIRO, June 27- Brazil's Usiminas said on Monday that after the second round of a capital injection plan the firm has raised 999.98 million reais, a key step in helping the steelmaker refinance debt and fight its worst crisis in decades.