Metals and Mining Steel Producers

  • Dec 7- United States Steel Corp could be looking at restoring up to 10,000 jobs in the United States, Chief Executive Mario Longhi told CNBC, without providing a timeline for the additions. During his election campaign, President-elect Donald Trump emphasized his desire to renegotiate trade deals and restore jobs, while also stressing for the next generation...

  • Cramer's cheat sheet for the 'Trump' stocks money managers are frantically looking for

    Jim Cramer goes down the list of stocks in favor of Donald Trump, and those that could go down in flames.

  • Pfizer Inc., down 37 cents to $31.19. British regulators fined Pfizer about $90 million for raising the cost of an epilepsy drug. AK Steel Holding Corp., up 24 cents to $10.79.

  • Dec 7- United States Steel Corp could be looking at restoring up to 10,000 jobs in the United States, Chief Executive Mario Longhi told CNBC on Wednesday, without providing a timeline for the additions. The company had about 21,000 employees in North America as of Dec. 31, down from about 28,000 in 2007.. The steelmaker is hoping to accelerate its investments in the...

  • LONDON, Dec 7- Tata Steel UK offered British unions a deal guaranteeing jobs and investment on Wednesday in return for pension cuts, moving the company closer to merging its European assets with Germany's Thyssenkrupp. Britain's largest steelmaker offered to guarantee production at the country's largest steel plant in Port Talbot, Wales, for five years, and to...

  • U.S. Steel CEO: Regulation has to be done smartly

    Mario Longhi, U.S. Steel CEO, discusses regulation and recent optimism in the industry.

  • U.S. Steel CEO: All we've been looking for is fairness

    Mario Longhi, U.S. Steel CEO, discusses the new environment under President-elect Donald Trump, and its impact on the steel industry.

  • LONDON, Dec 7- Tata Steel UK on Wednesday offered British unions a deal guaranteeing jobs and investment in return for cutbacks to pensions, moving the company a step closer to merging its European assets with Germany's Thyssenkrupp. It also offered to invest 1 billion pounds in its UK business over the next 10 years. In return however, Tata, which employs some...

  • LONDON— A deal between multinational Tata Steel and unions secured some 8,000 jobs across Britain on Wednesday in an agreement that ended months of uncertainty for steelworkers and their families. "This proposal would secure jobs for years to come and bring serious investment not just to Port Talbot but to steelworks across the U.K.," said Roy Rickhuss, general...

  • LAUNCESTON, Australia, Dec 7- Is there a longer-term cost to be paid by China for its ongoing efforts to curb what the authorities in Beijing see as unjustified price spikes in commodity prices on the country's futures exchanges? In recent weeks the Dalian and Zhengzhou commodity exchanges and the Shanghai Futures Exchange have all toughened trading...

  • LAUNCESTON, Australia, Dec 7- Is there a longer-term cost to be paid by China for its ongoing efforts to curb what the authorities in Beijing see as unjustified price spikes in commodity prices on the country's futures exchanges? In recent weeks the Dalian and Zhengzhou commodity exchanges and the Shanghai Futures Exchange have all toughened trading...

  • President-elect Donald Trump said on Monday he would nominate retired neurosurgeon Ben Carson, a presidential rival-turned-supporter to serve as Department of Housing and Urban Development secretary. *Jon Huntsman, former Republican Utah governor and ambassador to China under President Barack Obama, ran for 2012 Republican presidential nomination in...

  • LAUNCESTON, Australia, Dec 5- The already elevated price of coking coal could be boosted further if China decides to crack down on coal imports from its nuclear-armed neighbor North Korea. So far, the official line from Beijing is that China will meet its obligations under the U.N. Security Council sanctions, but as was the case earlier this year, it appears the...

  • LAUNCESTON, Australia, Dec 5- The already elevated price of coking coal could be boosted further if China decides to crack down on coal imports from its nuclear-armed neighbour North Korea. So far, the official line from Beijing is that China will meet its obligations under the U.N. Security Council sanctions, but as was the case earlier this year, it appears the...

  • Michael James "Jim" Delligatti, the McDonald's franchisee who created the Big Mac nearly 50 years ago and saw it become perhaps the best-known fast-food sandwich in the world, died Monday at home in Pittsburgh. Delligatti's franchise was based in Uniontown, not far from Pittsburgh, when he invented the chain's signature burger in 1967 after deciding customers...

  • WASHINGTON— In persuading Carrier to keep hundreds of jobs in Indiana, President-elect Donald Trump is claiming victory on behalf of factory workers whose positions were bound for Mexico. By enabling Carrier's Indianapolis plant to stay open, the deal spares about 800 union workers whose jobs were going to be outsourced to Mexico, according to federal...

  • BEIJING/ MELBOURE, Nov 30- An exodus of cash from steel to rubber to zinc threatened a blistering months-long rally across global commodity markets on Wednesday, triggered by fresh concerns about liquidity in China, the world's second largest economy. Coking coal futures and construction product steel rebar posted their biggest one-day falls on record, while...

  • TOKYO, Nov 30- Japanese stocks edged up on Wednesday morning on the back of Wall Street's strength, but gains were limited as most investors stayed on the sidelines ahead of an OPEC meeting to decide on production cuts and a crucial referendum in Italy. On the day, Shigemi expects subdued activity as traders looked to developments at the Organization of the...

  • *Duo already dominant in top producer South Africa. LONDON, Nov 29- Rocketing ferrochrome prices are expected to accelerate consolidation among producers in South Africa, increasing the global stainless steel industry's reliance on mining group Glencore and chrome ore company Samancor. Nearly 60 percent of the world's production of global chrome ore-- used...

  • DUESSELDORF, Germany, Nov 29- Thyssenkrupp's powerful labor chief said workers would resist shutting down capacity in any merger of the German industrial group's European steel business with that of peer Tata Steel. "I don't see any strengthening through a merger with Tata," Segerath said, adding he would prefer a sale of Thyssenkrupp's steel plant in Brazil.