Metals and Mining Steel Producers

  • 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.

  • 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...