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Metals and Mining Steel Producers

  • SAO PAULO, Oct 19- Brazil's steel output rose in September, the first year-on-year gain in 15 months, a possible sign that the worst part of a downturn affecting the industry may be over, the Brazil's steelmakers' association, Instituto Aço Brasil, said on Wednesday. Brazil's steel industry is operating at about 60 percent of its built capacity of 49 million tonnes...

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday said it has lowered its 2016 guidance for iron ore shipments by as much as 5 million tonnes million tonnes after releasing lower third-quarter shipping data, citing shipping interruptions. The world's second-biggest producer of the steelmaking ingredient said third-quarter shipments from Australia fell 2...

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • SYDNEY, Oct 19- BHP Billiton, the world's biggest diversified miner, said on Wednesday it was finally detecting indications of a commodity market turnaround, giving its most upbeat assessment in about five years. A recovery would be a particular boon for the global miner which has kept production humming through a multi-year collapse in commodities markets,...

  • *China coal futures forward curve: http://tmsnrt.rs/2ebqQTL. SINGAPORE, Oct 18- As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel's rally is now among the commodity's top-three bull-runs on record. With Australian Newcastle spot cargo prices for November, up almost 100 percent since June to $100 per tonne,...

  • SINGAPORE, Oct 18- Australian thermal coal spot prices have hit $100 per tonne for the first time since 2012, with a cargo ordered at that price for delivery from Newcastle port in November, according to trading platform GLOBALcoal on Tuesday. The price rally ended half a decade of steady declines, and has lifted mining share prices like Whitehaven Coal, Glencore...

  • SINGAPORE, Oct 18- Australian thermal coal spot prices have hit $100 per tonne for the first time since 2012, with a cargo ordered at that price for delivery from Newcastle port in November, according to trading platform GLOBALcoal on Tuesday. The price rally ended half a decade of steady declines, and has lifted mining share prices like Whitehaven Coal, Glencore...

  • *Open GDP poll cpurl:// apps.cp./ Apps/econ-polls? *China economy seen growing 6.7 pct y/y in Q3, same as Q2. BEIJING, Oct 14- China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58...

  • SAO PAULO, Oct 13- Mexican stocks and currencies seesawed on Thursday after weak Chinese trade data weighed on demand for risky assets, but a late-day rally in oil prices helped limit losses. Brazil's currency and stocks fared better than their peers, however, after a vote in Congress reinforced expectations that President Michel Temer will be able to limit...

  • SAO PAULO, Oct 13- Latin American stocks and currencies fell on Thursday as weak Chinese trade data and bets on a December U.S. interest rate increase depressed the appetite for risky assets. Brazil's currency and stocks fell less than regional peers after a vote in Congress reinforced expectations that President Michel Temer will be able to limit public...

  • SAO PAULO, Oct 13- Most Latin American currencies weakened in early Thursday trading on weak Chinese trade data and bets on a December U.S. interest rate increase. China's September exports fell 10 percent from a year earlier, far worse than expected, while imports dropped unexpectedly. Losses were widespread on the Brazilian stock exchange, with shares of...

  • *China Sept exports, imports both worse than expected. BEIJING, Oct 13- China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived. "This comes on the heels of weak South Korean trade data,...

  • *China Sept exports, imports both worse than expected. BEIJING, Oct 13- China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived. "This comes on the heels of weak South Korean trade data,...

  • BEIJING, Oct 13- China went on an unexpectedly big buying spree for crude oil, coal and iron ore last month, customs data showed on Thursday, even as Beijing cools its overheated property market and concerns linger about the health of the world's No. 2 economy. Daily crude imports hit an all-time high as the nation again overtook the United States as the world's top...

  • SHANGHAI, Oct 13- China's iron ore imports surged to the second highest on record in September, customs data showed on Thursday, as mills in the world's top steel producer ramped up production amid healthy profits. Firm domestic prices also helped curb China's steel exports to the lowest since February, offering a reprieve for overseas rivals that had been...

  • BEIJING, Oct 13- China imported 24.26 million tonnes of coal in September, up more than a third from a year ago, customs data showed on Thursday, as government-enforced mine closures forced utilities and steel mills to buy more foreign raw material. For the year to date, imports increased 15.2 percent to 180 million tonnes. The pace of buying may not continue into...

  • *Philippines struggling to maintain exports anyway. LONDON, Oct 12- Nickel's rally is expected to be sustained by robust demand from China's stainless steel mills, a significant factor behind recent price gains which many think are mainly due to worries about supplies from the Philippines. Benchmark nickel is up more than 40 percent since hitting a 12- year low...

  • SHANGHAI, Oct 12- China Construction Bank Corp will establish a 24 billion yuan transformation and development fund with Wuhan Iron and Steel Group Corp to help the steel firm reduce leverage, the bank said on its website. Although the statement released on Tuesday did not explicitly mention debt-to-equity swaps, a separate article published Wednesday by...

  • LONDON, Oct 11- Global steel demand will rise by a meager 0.2 percent this year, according to the World Steel Association. The improvement is all about China, where production and demand have been lifted by the government's latest stimulus package, another push of the infrastructure and construction buttons. Stainless steel production rebounded strongly in...

  • LONDON, Oct 11- Global steel demand will rise by a meagre 0.2 percent this year, according to the World Steel Association. The improvement is all about China, where production and demand have been lifted by the government's latest stimulus package, another push of the infrastructure and construction buttons. Stainless steel production rebounded strongly in...