Metals and Mining Steel Producers

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  • SHANGHAI, July 13- China's Commerce Ministry said on Wednesday the United States had deliberately misinterpreted World Trade Organization rules after the U.S. Commerce Department found in favor of subsidy rates for Chinese steel. The U.S. Commerce Department found in favor of anti-dumping measures for imports of stainless steel sheet and strip from China...

  • *GS hikes nickel forecast by 29 pct to $11,000 in three months. LONDON, July 12- Zinc touched a 13- month peak and nickel hit the highest since last October on Tuesday as speculators piled in after the selection of a new prime minister for Britain and on hopes of more stimulus. "I'm a bit nervous about these rallies, they do seem to be driven by investor buying rather than...

  • MELBOURNE, July 12- London nickel climbed for a third day on Tuesday on Philippine supply concerns, while copper also rose thanks to a robust U.S. labor report that fanned a Wall Street rally and whetted risk appetite. Concerns that the Philippines, China's top supplier of nickel ore used in making stainless steel, may shut some mines after a month-long review that...

  • SHANGHAI, July 12- Baosteel Group, China's second-biggest steelmaker, plans to cut its crude steelmaking capacity over the next two years as part of its efforts to push through supply-side reform, it said on its website on Tuesday. Baosteel's announcement comes as China's government works to reduce capacity gluts in the steel and coal sector.

  • MELBOURNE, July 12- London nickel and copper rose for a third day on Tuesday on Philippine supply concerns, and after investors took heart from a robust U.S. labor report. Concerns that the Philippines, China's top supplier of nickel ore used in making stainless steel, may shut some mines after a month-long review that started in July has boosted nickel prices.

  • LONDON, July 11- A top European share index rose on Monday to post its highest close since Britain voted to leave the European Union, after Theresa May won the race to succeed David Cameron as Prime Minister, reducing political uncertainty in the UK. May's rival for the leadership, Andrea Leadsom, pulled out of the race on Monday, and Cameron said he would resign on...

  • *Shares up in Europe and Asia. LONDON, July 11- Shares rose in Europe and Asia on Monday and the safe-haven yen tumbled against the dollar after upbeat U.S. jobs data, though the prospect of more stimulus to counter a weak global growth outlook kept low-risk sovereign bond yields near record lows. The pan-European FTSEurofirst 300 index and Britain's FTSE 100 both...

  • *Shares up in Europe and Asia. LONDON, July 11- Shares rose in Europe and Asia on Monday and the safe-haven yen tumbled against the dollar after upbeat U.S. jobs data, though the prospect of more stimulus to counter a weak global growth outlook kept low-risk sovereign bond yields near record lows. The pan-European FTSEurofirst 300 index and Britain's FTSE 100 both...

  • It is down about 10 percent so far in 2016, having lost ground in the immediate aftermath of Britain's shock vote last month to leave the European Union, although it has recovered from the lows reached after the June "Brexit" vote. ThyssenKrupp, Germany's biggest steelmaker, said it was in talks with India's Tata Steel about a consolidation of beleaguered...

  • LONDON, July 11- European shares rose for the third straight session on Monday helped by a rally in shares of steelmakers and financials. It is still down about 10 percent so far in 2016, having lost ground after Britain's shock vote last month to leave the European Union. ThyssenKrupp, Germany's biggest steelmaker, said it was in talks with India's Tata Steel...

  • The firm said on Friday the June 23 referendum, when Britons voted to leave the European Union, and issues around the pension scheme had prompted a rethink. "The bids have also been reviewed in the light of the uncertainties caused by the UK referendum and the outcome of the UK Government's consultation on the British Steel Pension Scheme," the firm said in a...

  • The firm said on Friday that the June 23 referendum, when Britons voted to leave the European Union, and issues around the pension scheme had prompted a rethink. "The bids have also been reviewed in the light of the uncertainties caused by the UK referendum and the outcome of the UK Government's consultation on the British Steel Pension Scheme," the firm said in a...

  • July 8- Tata Steel Ltd said on Friday it was in talks with potential strategic partners in the steel industry, including Thyssenkrupp AG, to explore a potential joint venture for its UK business. However, the company said the talks were currently at a preliminary stage and there could be no certainty of a transaction as the outcome depends on consultation and...

  • BRUSSELS, July 7- The European Commission will investigate whether Russia, Brazil and three other countries are flooding the bloc with cheap hot-rolled flat iron and alloy and non-alloy steel products, following a complaint from European rivals. In addition to Russian and Brazilian iron and steel exporters, the Commission is also targeting those from Serbia,...

  • LONDON, July 6- The British government's offer of financial aid to Tata Steel UK and to potential buyers of its assets here is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union. It also pledged to take a 25 percent equity stake in Tata Steel UK and reform the British Steel Pension...

  • LONDON, July 6- The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union. It also pledged to take up to a 25 percent equity stake in Tata Steel UK and reform the British Steel Pension Scheme.

  • BERLIN, July 2- Europe needs to protect itself against Chinese steel exports, German Economy Minister Sigmar Gabriel said on Saturday at a conference of his Social Democrat party. "And that includes Europe confidently protecting its markets if others- in this case China- try to destroy our industrial foundations with government funds. China is by far the world's...

  • ROME, June 30- ArcelorMittal and Italy's Marcegaglia have offered to acquire Italian steel plant Ilva, pitting themselves against a rival joint bid by Italy's state lender CDP, businessman Leonardo Del Vecchio's holding company and steelmaker Arvedi. The loss-making Ilva group, which Italy's government took over last year to save jobs and clean up polluted...

  • BARNSLEY, England, June 30- Owen Gleadall remembers the previous time Britain voted on Europe. It was 1975, and most people in his Yorkshire mining town of Barnsley were ambivalent about the issue. Britain says European rules ban subsidies for steel, for example, yet Germany gives its steel industry cheap power.

  • BARNSLEY, England, June 30- Owen Gleadall remembers the previous time Britain voted on Europe. It was 1975, and most people in his Yorkshire mining town of Barnsley were ambivalent about the issue. Britain says European rules ban subsidies for steel, for example, yet Germany gives its steel industry cheap power.