Metals and Mining Steel Producers

  • ANTI-DUMPING, ANTI-SUBSIDY DUTIES ON HOT-ROLLED STEEL PRODUCTS FROM AUSTRALIA, SOUTH KOREA, JAPAN, BRITAIN AND THE NETHERLANDS.

  • MUMBAI, Sept 12- India's Tata Steel Ltd reported on Monday a $477 million consolidated first-quarter net loss as it sold a business in Europe, and said talks continued for a proposed partnership to run its European plants. Consolidated net loss widened to 31.83 billion rupees for the three months to June 30, from 3.17 billion rupees loss a year earlier, Tata Steel,...

  • TOKYO, Sept 12- Japan's core machinery orders unexpectedly rose for a second straight month in July, easing some pessimism over capital expenditure, but worries remain that weak demand and the yen's gains may still discourage companies from boosting investment. Prime Minister Shinzo Abe's government has been counting on capital expenditure to drive...

  • LONDON, Sept 9- A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favor of a fix that avoids a political row, government and industry sources told Reuters. Industrial sources say the favorite outcome would be a joint venture with Thyssenkrupp of Germany, which like Tata in Britain is...

  • VIENNA, Sept 8- Austrian specialty steel maker Voestalpine plans further efficiencies to make sure it hits mid-term targets in a tough trading environment, its chief executive told Reuters. The new program will be for several hundred million euros and focus on improving operations rather than restructuring, Wolfgang Eder said on Thursday.

  • *Exports to United States, Europe, Japan improve. BEIJING, Sept 8- China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second-largest economy on a more balanced footing. If it proves sustainable, a trade recovery or even signs...

  • *China January-August iron ore imports up 9.3 percent. Sept 8- China's steel exports fell to the lowest in six months in August amid stronger domestic prices, offering relief to rivals overseas angered by a flood of cheap Chinese products. Exports of steel products from China, a sore topic with global trade partners, fell to 9.01 million tonnes in August from 10.3...

  • BEIJING, Sept 8- China's imports unexpectedly rose in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second-largest economy on a more balanced footing. If it proves sustainable, a trade recovery or even signs of stabilization would help ease fears that...

  • An employee works at a steel factory in Dalian, Liaoning Province, China, July 4, 2016.

    Investors are watching for clues on China's economic transition. There's one industry they watch more than any other.

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • SHANGHAI, Sept 7- Dongbei Special Steel Group Co Ltd, the steelmaker whose default in March helped spark a sharp correction in Chinese onshore corporate debt, said it is unable to make a timely payment on another bond. The firm, owned by the Liaoning provincial government, has already defaulted on multiple bonds in 2016. In July, Investors holding around 2.2 billion...

  • LONDON, Sept 6- When G20 leaders met in the Chinese city of Hangzhou this week, they did so under, if not quite blue skies, at least smog-free skies. And although Beijing has committed to eliminating a very large amount of steel capacity, 150 million tonnes over a five-year period, it is highly unlikely to stem the flow of steel products into the rest of the world.

  • LONDON, Sept 6- When G20 leaders met in the Chinese city of Hangzhou this week, they did so under, if not quite blue skies, at least smog-free skies. And although Beijing has committed to eliminating a very large amount of steel capacity, 150 million tonnes over a five-year period, it is highly unlikely to stem the flow of steel products into the rest of the world.

  • *European officials privately fret about access to China market. BEIJING, Sept 6- China is lauding its successful hosting of the G20 summit in scenic Hangzhou, with open confrontation largely avoided and broad consensus reached over the fragile state of the global economy and the need for a wide range of policies to fix it. There was even a joint announcement by...

  • SHANGHAI, Sept 6- The northern Chinese province of Shanxi, the country's biggest coal producing region, has awarded 947.78 million yuan to six major coal enterprises this year for shutting down surplus capacity, one of the firms said late on Monday. In a notice to the Shanghai Stock Exchange, Datong Coal Industry Co. Ltd said it alone had received 312.16 million...

  • HANGZHOU, China Sept 5- G20 leaders have pledged to work together to address excess steel capacity that has punished the global industry with low metal prices for years while raising tensions between China and other major producers. A statement from the White House said that leaders at the G20 summit in Hangzhou, eastern China, on Monday accepted that...

  • MELBOURNE, Sept 5- London copper hovered near its weakest in two months on Monday as the dollar gained ground and as investors bet that more mine supply would drag on prices for the rest of the year. Fed rate hikes, slower-than-expected capacity reduction in aluminum in China and a near-term oversupply threat in the global copper market, " Argonaut Securities said...

  • *New yuan loan f'cast 750 bln yuan vs July's 463.6 bln yuan. BEIJING Sept 5- Signs of strength in China's industrial sector should give Beijing room to push much-needed reforms through the end of the year, though trade and investment are expected to remain weak, according to Reuters polls ahead of a flurry of August data. Growth momentum from a housing recovery and...

  • SHANGHAI, Sept 5- Unlisted Dongbei Special Steel Group Co Ltd, having defaulted on several bonds earlier this year, said on Monday it would delay the disclosure of its interim financial information. The troubled Liaoning province-owned steelmaker was scheduled to publish its first-half information on August 31. "The company is accelerating debt...

  • SHANGHAI, Sept 5- Central China's Henan province will cut annual coal capacity by 62.54 million tonnes and crude steel by 2.4 million tonnes over the 2016-2018 period as part of efforts to tackle nationwide supply gluts in the sectors, Xinhua news agency reported. The Henan provincial government said in an overcapacity "roadmap" that it would work to dispose of "...