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Metals and Mining Steel Producers

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • *Japan concerned over Trump's "protectionism". MANILA/ BEIJING, April 24- Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States...

  • SYDNEY, April 24- Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange gained 0.23 percent...

  • BEIJING, April 24- Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday. President Donald Trump on Thursday launching an investigation of China and other steel producers for dumping cheap...

  • SYDNEY, April 24- Shanghai copper futures opened higher on Monday but quickly went into negative territory as investors cut bets that Chinese demand was getting stronger and that global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange dropped 0.24...

  • *Rebates, huge surplus fueling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • LONDON, April 21- Is aluminum the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminum prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • LONDON, April 21- Is aluminium the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminium prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • *Wall Street set to open marginally higher. LONDON, April 21- Global markets appeared largely calm on Friday, the last day of trading before the first round of France's presidential election, with French bond yields hitting a three-month low and the euro treading water against the dollar. U.S. stock index futures indicated Wall Street would also open a little...

  • SEOUL, April 21- South Korea plans to raise the issue of U.S. restrictions on steel imports at World Trade Organization committee meetings next week, its trade ministry said on Friday. The United States has already slapped a series of anti-dumping duties on steel imports from South Korea and other countries. The United States is the biggest market after China for...

  • LONDON, April 21- Is aluminium the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminium prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • LONDON, April 21- Is aluminum the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminum prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • *Rebates, huge surplus fuelling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • LONDON, April 21- Global steel demand will grow more than previously forecast in 2017 due to a recovery in developed economies and accelerating growth in emerging and developing markets, especially Russia, Brazil and India, an industry body said on Friday. "We expect that Russia and Brazil will finally move out of their recessions. "However, China, which accounts...

  • TOKYO, April 21- Japanese steelmakers have bought coking coal from the United States, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplier, industry and trader sources said. In 2016, Japan bought about 71 percent of the 59.9 million tonnes of coking coal it consumed from Australia. "We've tapped supplies by...

  • SYDNEY, April 21- Zinc led a near across-the board rise in Shanghai base metals futures on Friday on the back of robust gains in overnight London trading and buoyant equity markets. The most-traded zinc contract on the Shanghai Futures Exchange climbed more than 3 percent to 21,860 yuan a tonne. Three-month zinc on the London Metal Exchange maintained...

  • *Asia ex- Japan stocks set for weekly loss; Nikkei higher. SINGAPORE, April 21- Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State.