×

Metals and Mining Steel Producers

  • 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.

  • President-elect Donald Trump on Tuesday named veteran steel industry trade lawyer Robert Lighthizer, a harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade deficits. Lighthizer, who is with the law firm Skadden, Arps, Slate, Meagher and Flom, has argued in public testimony that China...

  • China will produce--and consumer--more steel in 2017.

    Despite efforts to curb steel production, China will still be producing more steel next year—but the country will also be snapping it up.

  • *Focus next year to remain on top consumer China. LONDON, Dec 30- Industrial metals have had one of their best years in recent history as receding worries about demand and expectations of tighter supplies fueled a buying spree that took zinc prices to nine-year highs. Markets started the year on a somber note owing to weak demand growth in top consumer China and...

  • PARIS, Dec 30- The government of New Caledonia has approved requests from three mining companies to export as much as 2 million tonnes of low-purity nickel ore annually to China as part of efforts to help the industry to recover from a prolonged slump in prices. The decision, dated Dec. 27 and posted on the government's website, marks the second time this year that...

  • Crude oil output cuts announced by OPEC, stronger-than-expected demand in top commodities market China and expectations of higher infrastructure spending in the United States after the victory of Republican candidate Donald Trump all boosted prices. Looking forward, oil prices should gradually rise towards $60 a barrel by end-2017, a Reuters survey...

  • SAO PAULO, Dec 28- Latin American stocks rose on Wednesday as prices of iron ore soared and crude hit its highest in the year, supporting demand for assets from commodity-heavy economies. Shares in Vale SA were the biggest gainers in Brazil's benchmark Bovespa stock index, while stocks in Gerdau SA extended gains for a third day. Key Latin American stock indexes...

  • SAO PAULO, Dec 27- Brazilian stocks rose on Tuesday, boosted by shares of miner Vale and steelmakers as iron ore prices broke a nine-day losing streak. Shares of Vale SA closed up 1.23 percent while shares of steelmaker Companhia Siderúrgica Nacional SA closed up 5.61 percent. Mexico's stock index closed up 0.69 percent, helped The Mexican peso weakened 0.64...

  • *Mistry dismissed as Tata Sons chairman in October. NEW DELHI/ MUMBAI, Dec 27- As India's biggest corporate showdown heads from the boardroom to the courtroom and brings in a Who's Who of the country's legal profession, ousted Tata Sons chairman Cyrus Mistry vows a multi-layered battle for governance reforms at the $100 billion conglomerate, people close to him...

  • China- listed iron ore future contracts eked out gains after falling for nine straight days. Shares of miner Vale SA advanced 1.3 percent, adding the most points to Brazil's benchmark Bovespa stock index, while shares in steelmaker Cia Siderúrgica Nacional SA led the gains. Crude prices have gained support from a deal between OPEC and non- OPEC producers to cut...

  • TOKYO/ BEIJING, Dec 26- Shanghai metals fell across the board on Monday on concerns about demand growth in China as the government continues a crackdown on soaring house prices and pollution. The most-traded copper contract on the Shanghai Futures Exchange closed down 1.63 percent at 44,070 yuan a tonne at 0700 GMT, while other metals fell more.

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favour of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened the...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favor of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened the...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favour of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened WTO's...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favor of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened WTO's...

  • While there are several reasons for this, the main one is that many analysts didn't really believe that China would cut its domestic coal output, but did believe that it would close excess steel capacity. So, what does this mean for coal and iron ore for 2017, given that China is the world's biggest buyer of both? For coking coal used in steel-making, it's a slightly...

  • While there are several reasons for this, the main one is that many analysts didn't really believe that China would cut its domestic coal output, but did believe that it would close excess steel capacity. So, what does this mean for coal and iron ore for 2017, given that China is the world's biggest buyer of both? For coking coal used in steel-making, it's a slightly...

  • RIO DE JANEIRO, Dec 20- Rio de Janeiro state prosecutors filed a lawsuit against former state Governor Sérgio Cabral, two of his former secretaries and ThyssenKrupp AG steelmaking unit Companhia Siderúrgica do Atlântico SA for administrative impropriety over the granting of an operations license. The CSA plant is the largest single foreign investment...

  • WEST PALM BEACH, Fla./ WASHINGTON, Dec 20- U.S. The move also marks a notable shift from trade policy management in President Barack Obama's administration, where USTR Michael Froman was seen as the main trade architect, negotiating a 12- country Pacific Rim trade deal that ultimately failed to win approval in Congress. "It looks like the USTR office is being...

  • WEST PALM BEACH, Fla./ WASHINGTON, Dec 20- U.S. "It looks like the USTR office is being downgraded and subordinated to Commerce," said Derek Scissors, a trade expert at the American Enterprise Institute, a right-leaning think tank in Washington. "That's a big change because USTR is this small elite trade agency right across from the White House.