Metals and Mining Steel Producers

  • BRUSSELS, Nov 9- A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States. EU and U.S. officials have for more than three years been negotiating the Transatlantic Trade and Investment Partnership, with...

  • BRUSSELS, Nov 9- A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States. We can only hope that his words are not followed by corresponding deeds, "said Thilo Brodtmann, head of Germany's VDMA engineering...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...

  • Nov 8- China Zhongwang Holdings Ltd said the U.S. Commerce Department found in a preliminary determination that some aluminum exports by the company to the United States flouted anti-dumping restrictions imposed in 2010.. The Commerce Department initiated the investigation into China Zhongwang last year after the U.S. Aluminum Extruders Council alleged...

  • *One case involves steel shipments diverted via Vietnam. *Vietnam says ready to work with EU anti-fraud office. But according to a filing on the Vietnamese trade ministry's website- http://bit.ly/2fcVFIV- OLAF is investigating 190 shipments of Chinese coated steel coils that arrived in Portugal, Spain and Poland from Vietnam in 2013-2014..

  • *One case involves steel shipments diverted via Vietnam. *Vietnam says ready to work with EU anti-fraud office. But according to a filing on the Vietnamese trade ministry's website, OLAF is investigating 190 cases of Chinese coated steel coils that arrived in Portugal, Spain and Poland from Vietnam in 2013-2014..

  • *Q2 core profit $1.90 bln vs Reuters poll $1.97 bln. BRUSSELS, Nov 8- ArcelorMittal warned of slower earnings this quarter citing higher coal prices and lower U.S. steel prices after the world's largest steel producer missed core third-quarter profit expectations on Tuesday. Prices for Australian premium hard coking coal have surged to $250 per tonne from...

  • TOKYO, Nov 8- Nippon Steel& Sumitomo Metal Corp, the world's third-biggest steelmaker, does not expect coking coal prices to fall any time soon as China's steelmakers maintain high output while the country's coal producers trim supply, an executive said. Prices of coking coal and coke, which typically account for 20 percent of steel production costs, have rallied...

  • BEIJING, Nov 8- China's imports of commodities slowed to the lowest in months in October, as a week-long holiday closed factories, a weakening currency made foreign raw material more expensive and higher prices for products like crude oil hurt demand, analysts said. China's total exports and imports were lower than expected, adding to the doubts about a pick up in...

  • BEIJING, Nov 8- China's exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world's largest trading nation can be sustained. Indeed, China's imports of iron ore, crude oil, coal and copper all fell in October, after its robust demand drove global prices of many major...

  • The probe will determine whether imports of hot-rolled and cold-rolled steel made in China that is further processed in Vietnam are circumventing previous anti-dumping and anti-subsidy duties on Chinese steel, the Commerce Department said in a filing with the International Trade Commission. The move adds a new twist to heightened trade tensions between...

  • *China blast furnaces operating at 4- month low rate- Custeel.com. *Jiangsu Shagang Group suspends a rebar output line- Custeel.com. In Tangshan, a major steel-producing city in China's Hebei province, furnaces were running at 84 percent of capacity last week, versus around 90 percent in August, the data shows.

  • SYDNEY, Nov 7- London copper eased in early trading on Monday on a stronger U.S. dollar and a shift into U.S. equities, but the Shanghai futures contract started firmer. *The most-traded copper contract on the Shanghai Futures Exchange rose 0.48 percent to 39,380 yuan a tonne. *Japan's Mitsubishi Corp raised its full-year net profit forecast by 32 percent as it...

  • BERLIN, Nov 5- German Economy Minister Sigmar Gabriel called for a resumption of long-stalled efforts to negotiate a global free trade accord on Saturday, warning that a proliferation of bilateral trade deals could lead to varying standards and rules. Gabriel welcomed an offer made by China during his visit to begin intensive discussions with Germany and the...

  • LAUNCESTON, Australia, Nov 4- Rio Tinto's decision to quit the world's largest undeveloped iron ore deposit in Guinea is essentially a bet on how quickly and cheaply the new Chinese owners can develop the mine. Investors have generally welcomed the sale of the Simandou project by Rio to Chinese metals producer Chinalco for between $1.1 billion and $1.3 billion,...

  • SYDNEY, Nov 4- Insolvent Australian industrial group Arrium Ltd's U.S. based Moly-Cop division has been sold to private equity firm American Industrial Partners for $1.23 billion, two sources close to the deal said, ending a drawn out sale process. Moly-Cop, which makes steel balls to grind ore and operates mostly in the United States and Latin America, also...

  • FRANKFURT, Nov 3- German steelmaker Salzgitter said on Thursday its nine-month pretax profit was at the bottom end of analysts' forecast range, with the summer quarter hampered by maintenance and repair work and a seasonal decline in demand. The company said it made a pretax profit of 21 million euros in the period, compared with its own poll of analysts which...

  • SYDNEY, Nov 2- An odd mix of policy action in China and policy failure at home is proving an unlikely tonic for Australia's growing budget deficit, perhaps even enough to forestall a near-term downgrade of the country's pristine AAA credit rating. The conservative government of Malcolm Turnbull has been scrambling to placate ratings agency S&P Global Ratings...

  • TOKYO, Nov 1- Nippon Steel& Sumitomo Metal Corp posted a plunge in profits for the six months to September, but the top steelmaker of Japan defied estimates by retaining its annual outlook at a time when higher raw material costs have led to a cut by others. "Looking at the recent orders from customers, we see solid demand in auto and construction segments in Japan...