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Metals and Mining Steel Producers

  • 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.

  • 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...

  • 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...

  • 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.

  • *Seeks premium from China mills for 1st time since 2010. That would be a record high and up from a premium of $1.50 for the four-month period through December this year, said one of the sources who works closely with Rio in China. From Chinese mills, Rio initially sought a 15- cent premium, but this week increased it to about $1, said the same source.

  • SINGAPORE, Nov 29- Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertiliser have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers. "We've seen a lot of interest from Asian buyers in 10-15 year old ships, which is partly due to the surge in rates," said Ziad...

  • LONDON/ FRANKFURT, Nov 28- Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry. Indian-owned Tata Steel, which employs 11,000 people in...

  • SAO PAULO, Nov 28- Share prices across Latin America will likely rise at a slower pace next year as higher U.S. interest rates, a stronger dollar and political turmoil in some of the region's top markets offset the impact of a rally in commodities, Morgan Stanley strategists said on Monday. In terms of countries, Paiva and his team still prefer Peru and Chile over...

  • MUMBAI, Nov 28- Tata Steel UK, the British arm of India's Tata Steel, will hold exclusive talks with trading firm Liberty House to sell its speciality steel business as its parent seeks to offload loss-making assets and restructure European operations. Tata Steel, India's biggest steelmaker by overall capacity, has been trying to restructure its UK business,...