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Metals and Mining Steel Producers

  • SAO PAULO, March 8- Latin American currencies weakened on Wednesday after data showed hiring by U.S. private employers surged, solidifying bets on a Federal Reserve interest rate increase next week. Higher rates in the United States could drain capital away from emerging markets, which often lure foreign investors with relatively high yields.

  • Any lingering doubts that air pollution has moved to the very top of Beijing's political agenda should be dispelled. Targets have been set to reduce pollution in Beijing and Tianjin as well as 26 other cities in the provinces of Hebei, Shanxi, Shandong and Henan. But the potential disruptive effects of Beijing's full-out war on pollution will run the gamut of the...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected and as increasing U.S. protectionist rhetoric casts a spotlight on the export giant's trade position. The upbeat import reading reinforced the...

  • *China posts first monthly trade deficit since Feb 2014. BEIJING, March 8- China unexpectedly posted its first trade deficit in three years in February as imports surged far more than expected to feed a construction boom, driven by commodities from iron ore and copper to crude oil and coal. The upbeat import reading reinforced the growing view that economic...

  • *India says requirement for local steel will be WTO compliant. *India fears reliance on Chinese imports- steel ministry paper. NEW DELHI, March 7- India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports,...

  • *Says anti-dumping duties unfairly link Russia with China. LONDON, March 6- Russia's largest steelmaker NLMK is well-placed to weather the impact of European Union and U.S. anti-dumping duties and may expand into new markets such as Turkey and Asia to secure greater profits, it said on Monday. The steelmaker, which is Russia's largest by output, predicts prices...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *China cutting more excess capacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability.

  • *China cutting overcapacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability. China is pledging to cut...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday in a work report at the opening of the annual meeting of parliament. The National Development and Reform Commission said it would shut or stop construction of coal-fired power plants with capacity...

  • WASHINGTON, March 3- The U.S. International Trade Commission said on Friday it had made a final finding that the U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy steel cut-to-length plate from China. China's Ministry of Commerce, however, said issues in the U.S. steel industry were not related to Chinese imports,...

  • March 3- The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday. "It's specific to new pipelines or those that are being repaired," White House spokeswoman Sarah Sanders told reporters on Air Force One,...

  • March 3- The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday. "It's specific to new pipelines or those that are being repaired," White House spokeswoman Sarah Sanders told reporters on Air Force One,...

  • TORONTO, March 1- Noranda Income Fund said on Wednesday it was deferring its 2017 zinc production and sales forecasts due to an ongoing strike by workers at its Quebec processing plant, the second-largest in North America. "We're waiting for management to call us," said USW Local 6486 President Manon Castonguay, adding that no meetings are currently scheduled.

  • TORONTO, March 1- Noranda Income Fund said on Wednesday it was deferring its 2017 zinc production and sales forecasts due to a strike by workers at its Quebec processing plant, the second-largest in North America. It is uncertain how long the strike, which began Feb. 12, will continue at the zinc processing facility in Salaberry-de-Valleyfield, said Noranda, as it...