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Metals and Mining Steel Producers

  • Fluor CEO: Manufacturers are ready for Trump projects

    David Seaton, Fluor CEO, weighs in on President Trump's revival of Dakota Access and Keystone XL oil pipelines, and who will benefit from it.

  • AK Steel erases gains

    AK Steel erases early trading gains, CNBC's Morgan Brennan reports. "Fast Money Halftime Report" trader Pete Najarian weighs in.

  • LAUNCESTON, Australia, Jan 24- If you wanted to see what a speculative commodity bubble looks like, then coking coal's huge rally in the second half of last year and subsequent retreat provides a good example. The SGX futures contract is based on the Steel Index free-on-board Australia coking coal price, and is thus reflective of the cost of the fuel at ports in...

  • LONDON, Jan 23- Britain's steel industry needs a comprehensive government strategy to boost the sector, which must be a priority in negotiations on Britain's exit from the European Union, a cross-party parliamentary report said on Monday. Kinnock's constituents include workers at the Port Talbot plant, Britain's biggest steel facility, owned by Tata Steel UK,...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 23- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 20- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • *Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

  • Chinese workers load steel tubes onto a truck at a logistics center in Lianyungang in east China's Jiangsu province on November 8, 2016.

    The U.S. Commerce Department said it had made a final finding of dumping of carbon and alloy steel cut-to-length (CTL) plate from China.

  • NEW YORK, Jan 18- Axeon Specialty Products plans on shutting down its 75,000 barrel-per-day asphalt refinery in Paulsboro, New Jersey, as early as this summer, according to a local politician and sources familiar with the company's plans. Axeon is owned by New York- based hedge fund Lindsay Goldberg. Neither Axeon nor Lindsay Goldberg responded to requests for...

  • WASHINGTON, Jan 18- Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration's first trade priority, U.S. He did not discuss Trump's threats to levy punitive tariffs on Chinese goods imported into the United States but said countries that fail to provide a fair trading field should be "severely punished."

  • SAO PAULO, Jan 17- Brazil's busiest pipeline of bond and equity offerings in at least six years is being fueled by increasing investor confidence in the country's ability to emerge from a harsh recession and shrug off global market turmoil, bankers said. In what the bankers say is a window for offerings that opened last week and may extend for another three weeks,...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • TOKYO, Jan 16- Japan's Nikkei share average fell on Monday to its lowest level in more than two weeks, hurt as the yen appreciated on concerns Britain might make a "hard" exit by from the European Union. The Nikkei ended the day down 1 percent at 19,095.24 after brushing 19,061.27, its lowest level since Dec. 30. Tokyo's sub-sectors like steelmakers and shippers, which...

  • TOKYO, Jan 16- Japan's Nikkei share average slipped on Monday as investors locked in gains, bracing for more detail on the Trump Administration's trade policies, with steelmakers and shippers leading the losses. "Some people are taking profits as they look at his protectionist, dark side of his policies," said Norihiro Fujito, senior investment strategist at...

  • SYDNEY, Jan 16- Copper prices climbed on Monday, extending hefty gains that came last week as the outlook for demand brightened in the wake of strong economic data in top consumers of the metal. *The most-traded copper contract on the Shanghai Futures Exchange advanced 1.35 percent to 48,140 yuan a tonne. *Sterling slid to three-month lows in Asia on Monday with...

  • LONDON, Jan 13- Almost exactly three years ago Indonesia rocked the global nickel market by banning the export of unprocessed minerals. Now Indonesia has done it again, this time by part reversing that ban. The fear is that Indonesia will ramp up both production and exports again, reversing a shift to supply shortfall in the global nickel market and killing off a...

  • LONDON, Jan 13- Almost exactly three years ago Indonesia rocked the global nickel market by banning the export of unprocessed minerals. Now Indonesia has done it again, this time by part reversing that ban. The fear is that Indonesia will ramp up both production and exports again, reversing a shift to supply shortfall in the global nickel market and killing off a...

  • SAO PAULO, Jan 13- Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA's plan to tap excess cash from a mining subsidiary that was rejected this week was found not to pose any potential financial risk for the unit, a person briefed on the matter said. In recent months, Usiminas sought tapping excess cash at the Musa Mineração Usiminas SA through a...

  • *China's bid to tackle overcapacity, pollution disrupted output. MANILA, Jan 13- China's steel exports fell in 2016 from a record in the previous year, dragged down by improved demand at home and Beijing's resolve to tackle overcapacity, in a relief for steelmakers elsewhere that have been hit by cheap Chinese shipments. China's exports could slip further this...