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Metals and Mining Steel Producers

  • Mario Longhi, CEO of US Steel.

    U.S. Steel CEO Mario Longhi is stepping down and has been replaced by David Burritt, the company's president and chief operating officer.

  • BRUSSELS, May 10- China is serious about cutting millions of tonnes of excess steel capacity but that will not mean lower production, particularly in the next few quarters, the head of the European Union steel body Eurofer said on Wednesday. China pledged early last year to cut 150 million tonnes of excess capacity by 2020. "There will be in the next quarters more...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected in a sign manufacturing activity may be losing momentum along with other sectors of the economy as domestic demand remains muted and the government cracks down on financial risks. A renaissance in China's steel industry has been a major driver of the world's second-largest...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected in a sign manufacturing activity may be losing momentum along with other sectors of the economy as domestic demand remains muted and the government cracks down on financial risks. A renaissance in China's steel industry has been a major driver of the world's second-largest...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected as iron ore and coal prices tumbled further, pressured by fears that domestic demand will not be strong enough to absorb surging supplies of steel. A renaissance in China's steel industry has been a major driver of the world's second-largest economy in recent quarters, helping...

  • CARNEGIE, Pa. _ Ampco-Pittsburgh Corp. on Tuesday reported a loss of $4.8 million in its first quarter. On a per-share basis, the Carnegie, Pennsylvania- based company said it had a loss of 39 cents. Ampco-Pittsburgh shares have declined almost 9 percent since the beginning of the year.

  • WADEVILLE, South Africa, May 8- South Africa had "no choice" but to impose emergency safeguard tariffs on imports of certain flat hot-rolled steel products to protect local industry, Minister of Trade and Industry, Rob Davies said on Monday. "We got to defend to ensure that we maintain the primary steel manufacturing in South Africa. "The levels of protection we've...

  • SYDNEY, May 8- Copper retreated in early Asian trade, with high inventories weighing on prices in both London and Shanghai markets ahead of key Chinese trade data on Monday. *LONDON COPPER: Three-month copper on the London Metal Exchange had dropped 1 percent to $5,520 a tonne by 0139 GMT. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures...

  • Jim Cramer on Mad Money.

    Jim Cramer explained the external pressure causing this consumer goods play to crumple.

  • Cramer vets the best and the worst of the US steel producers

    Jim Cramer analyzed four U.S. steelmakers to find the strongest and weakest performers of the cohort.

  • LONDON, May 4- Liberty House, the industrials and commodities group that has been buying troubled steel plants, does not expect China's net steel capacity to fall, despite Beijing's capacity cut targets. The world's second largest economy cut 60 million tonnes of capacity last year and has targeted another 50 million tonnes this year, but Liberty chairman...

  • LONDON, May 4- Liberty House, the industrials and commodities group that has been buying troubled steel plants, does not expect China's net steel production to fall, despite Beijing's capacity targets. The world's second largest economy cut 60 million tonnes of capacity last year and has targeted another 50 million tonnes this year, but Liberty chairman...

  • SAO PAULO, May 4- Gerdau SA, the largest steelmaker in the Americas, swung to an unexpected first-quarter loss on Thursday, reflecting declining revenue and the impact of a recent Brazilian ruling on the booking of contingent liabilities. The result missed the consensus estimate of 8.866 billion reais, as compiled by Thomson Reuters. Chief Executive Officer...

  • Sanjeev Gupta's Liberty House, which operates together with energy and commodities business SIMEC under the $9.4 billion Gupta Family Group Alliance, hit the headlines last year when it offered to rescue steel plants owned by Tata Steel UK (TISC.NS> that were on the verge of shutdown. It is also bidding for Australian steel producer Arrium, U.S. iron ore...

  • LAUNCESTON, Australia, May 4- The heat came out of China's iron ore imports in April, with vessel-tracking and port data suggesting a decline of several million tonnes from the near-record levels recorded in March. It also appears that much of the decline in iron ore imports was borne by Australia, China's largest supplier, with the data showing imports of 53.9...

  • LAUNCESTON, Australia, May 4- The heat came out of China's iron ore imports in April, with vessel-tracking and port data suggesting a decline of several million tonnes from the near-record levels recorded in March. It also appears that much of the decline in iron ore imports was borne by Australia, China's largest supplier, with the data showing imports of 53.9...

  • LONDON, May 3- In late 2015, the steel industry- a gauge of the world's economic health- was on the ropes. Thanks to China's decision to dramatically cut capacity while boosting infrastructure spending, added to the improved outlook for global growth and increased protectionism, prices have surged some 45 percent since December 2015. Germany's Thyssenkrupp...

  • WASHINGTON, May 2- President Donald Trump's nominee to be the U.S. ambassador to China said on Tuesday he would do everything possible to address what he called China's "unfair and illegal" sales of underpriced steel in the world market. "I want to do everything I can to make sure that we stop the unfair and illegal activities that we've seen from China in the steel...

  • BEIJING, May 2- China's factory sector lost momentum in April, with growth slowing to its weakest pace in seven months as domestic and export demand faltered and commodity prices fell, a private survey showed on Tuesday. The findings echoed those in official manufacturing and service sector data on Sunday, reinforcing views that China's economic growth...

  • CLF CEO: Seeing 'decent demand' for product

    Lourenco Goncalves, Cliffs Natural Resources talks about the company's earnings and why he is optimistic about the future.