Metals and Mining Steel Producers

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  • The 3 industries set to suffer next year

    Shipping, steel and oil will continue to come under pressure in 2016 amid a slowing China, warns Andrew Steel, head of APAC corporate ratings at Fitch Ratings.

  • MEXICO CITY, Dec 17- Mexico's Economy Ministry is launching an anti-dumping investigation into imports of cold-rolled flat steel from China and Taiwan, according the government said on Thursday. Steel company Ternium requested the investigation in September, saying that imports from China and Taiwan increased sharply between January 2012 and April 2015...

  • LONDON, Dec 17- Britain received EU approval on Thursday to compensate firms in some energy-intensive industries for the cost of "green taxes," offering help to its ailing steel sector. "We have received approval from the European Commission for the UK government to commence relief," business minister Sajid Javid said in a statement, referring to compensation for...

  • *Difficult for steelmakers to compete with cheap China exports. TOKYO, Dec 16- Japan's crude steel output in the fiscal year that starts next April is likely to be flat from this year at around 105 million tonnes, with growing local demand offsetting faltering exports, an industry body said on Wednesday. It also comes as steelmakers around the world grapple with...

  • *M&A deals lift Faurecia and Sanofi. LONDON, Dec 15- European equities bounced back on Tuesday from sharp declines in the previous two sessions as energy stocks tracked higher crude oil prices and steel makers gained following a European Commission move on Chinese and Russian steel imports. BP, BG Group and Royal Dutch Shell rose 2.6 to 4.0 percent.

  • *M&A deals lift Faurecia and Sanofi. LONDON, Dec 15- European equities bounced back on Tuesday from sharp declines in the previous two sessions as energy stocks tracked higher crude oil prices and steel makers gained following a European Commission move on Chinese and Russian steel imports. BP, BG Group and Royal Dutch Shell rose 2 to 3.5 percent.

  • JOHANNESBURG, Dec 14- The chief executive of ArcelorMittal's South African unit said on Monday he was stepping down, after less than two years at the helm, to pursue other interests. Its shares fell more than 5 percent on news of Paul O'Flaherty's departure. In a statement, the company said O'Flaherty will join the company's board as a non-executive director, after...

  • BEIJING, Dec 12- China's output of key industrial commodities including coal and steel remained weak in November amid chronic oversupply as slowing construction demand took its toll. Our house view is for slowing growth in 2016, and importantly the mix is moving further towards less commodity-intensive services sectors, "analysts with ANZ Research said in a...

  • BEIJING, Dec 12- China produced 63.32 million tonnes of crude steel in November, down 1.6 percent on the year, hit by stagnant demand and a collapse in prices. Total steel production in the first eleven months of the year reached 738.4 million tonnes, down 2.2 percent on the year, the National Bureau of Statistics said on Saturday. The Chinese steel sector, the world's...

  • NEW DELHI, Dec 11- India imposed import duties for five years on some stainless steel imports from China, the European Union and the United States on Friday, as the government tries to protect local companies suffering from what it says is unfair competition. Imports from South Korea, South Africa, Taiwan and Thailand will also be taxed. Firms including the Steel...

  • NEW DELHI, Dec 11- India imposed five-year anti-dumping duties on stainless steel imports from China, the European Union and the United States on Friday, as the government tries to help local companies suffering from cheaper imports. Imports from South Korea, South Africa and Thailand will also be taxed. Indian Trade Minister Nirmala Sitharaman said New Delhi...

  • *U.S. acting on China aluminum "dumping," aviation tax breaks. BEIJING/ GENEVA, Dec 11- China is sowing the seeds of a global trade war as its smelters, refiners and manufacturers increasingly export goods they can't sell into a slowing domestic economy, prompting accusations of dumping and unfair subsidies from its trading partners. Beijing hopes to gain market...

  • SYDNEY/ TOKYO, Dec 10- Australia's Roy Hill mine shipped its first iron ore cargo on Thursday, marking the start up of the last of the mining-boom era mega projects in the country. The first shipment from the $10 billion project, jointly owned by Hancock Prospecting, Japan's Marubeni, South Korean steelmaker Posco and Taiwan's China Steel Corp, came after a series of...

  • MELBOURNE, Dec 10- Shanghai metals climbed on Thursday as the dollar dropped and on hopes that Beijing would step up support measures for its beleagured industrial metals sector after it cut some export tarrifs on steel. *Shanghai Futures Exchange copper rose by 0.8 percent to 35,110 yuan a tonne. *China's top aluminium smelters will meet on Thursday to discuss...

  • *Tax rebates helping China exporters undercut overseas rivals. *China steel exports at record levels, stoking trade friction. China's steel exports topped 100 million tonnes for the first time this year, more than four times 2014 shipments from the European Union's largest producer, Germany.

  • *China to cut export duties on some steel, chemical products. SHANGHAI/ BEIJING, Dec 9- China said on Wednesday it would cut some import and export taxes next year to boost its ailing trade sector, raising concerns that cheaper Chinese products could exacerbate a global oversupply of basic materials such as steel and chemicals. Trade tensions are already growing...

  • *China cuts exports on steel billet, steel pig iron from 2016. *China keeps zero duties on some aluminium product exports. MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling and on speculation it could support its industrial metals industry after it flagged export tax cuts...

  • BEIJING, Dec 9- China will cut export taxes on steel billet and pig iron from the start of 2016, the finance ministry said on Wednesday, the latest move by the world's top steel producer to erode a domestic glut and offer a lifeline to the stricken industry. "This kind of strategy is aimed at redirecting this oversupply in China to other countries," said Helen Lau,...

  • *China cuts exports on steel billet, steel pig iron from 2016. *China keeps zero duties on some aluminium product exports. MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling and speculation it could support its industrial metals industry after it flagged export tax cuts on...

  • MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling, but hopes grew it could support industrial metals after it flagged export tax cuts on some steel products. *China's trade performance remained weak in November, casting doubt on hopes that the world's second-largest...