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Metals and Mining Steel Producers

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • In a report released Tuesday, the American Chamber of Commerce in China urged Beijing to move faster on market-opening pledges. Trump hailed the rapport he developed with his Chinese counterpart, Xi Jinping, during a meeting last week in Florida that seemed to ease tensions over China's multibillion-dollar trade surplus with the United States.

  • He says they've not spoken in the three years since he discovered to his horror from their local newspaper that David Broccoli was registered as a candidate in municipal elections for Le Pen's anti- European Union, anti-immigration National Front. It shocked me: my son, in the National Front? Yet the National Front is now an inescapable part of the landscape in...

  • SYDNEY, April 18- Shanghai aluminum retreated on Tuesday but retained most of its gains from the previous day's session on signs of robust demand in China and production cuts. "Shanghai saw some profit-taking in aluminum after Monday's gains, but the fundamentals are still in place," a commodities trader said. Shanghai Futures Exchange aluminum settled 0.28...

  • SYDNEY, April 18- Shanghai aluminium retreated on Tuesday but retained most of its gains from the previous day's session on signs of robust demand in China and production cuts. "Shanghai saw some profit-taking in aluminium after Monday's gains, but the fundamentals are still in place," a commodities trader said. Shanghai Futures Exchange aluminium settled 0.28...

  • *Earnings estimate cut to A $800 mln- A $850 mln. *Down from A $900 mln- A $950 mln due to revenue loss, repairs. "This was much bigger than we expected," Shaw and Partners analyst Peter O'Connor said.

  • SHANGHAI, April 18- China's main stock indexes fell for the third session in a row on Tuesday amid worries over increasing regulation and the sustainability of the country's economic growth. Developer China Fortune Land, cement maker Tangshan Jidong Cement and steelmaker Hesteel have retreated around 20 percent from recent highs. "Quite a few people believe...

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • BEIJING, April 18- A recovery in China's industrial sector, which accounts for about one-third of the economy, drove China's better-than-expected first quarter economic growth as export orders picked up and steel output hit a record. Data on Tuesday from the National Bureau of Statistics showed the industrial sector grew 6.5 percent in the first quarter from...

  • SYDNEY, April 18- Shanghai aluminum turned positive on Tuesday after an initial retreat on signs of robust demand and output cuts in China. *China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beijing tries to rein in excess capacity in the bloated sector and demand remains...

  • SYDNEY, April 18- Shanghai aluminium turned positive on Tuesday after an initial retreat on signs of robust demand and output cuts in China. *China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beijing tries to rein in excess capacity in the bloated sector and demand...

  • SHANGHAI— An American business group says China's push to develop its own technology and other industries has "narrowed the space" for foreign companies to compete in its market. In a report released Tuesday, the American Chamber of Commerce in China appealed to Beijing to move faster on market-opening pledges. Trump hailed the rapport he developed with his...

  • By Kevin Yao and Yawen Chen. BEIJING, April 17- China's economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for China, and worry Beijing is still relying...

  • *GDP grows fastest in 6 quarters on factory output, retail sales. BEIJING, April 17- China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for...

  • *GDP grows fastest in 6 quarters on factory output, retail sales. BEIJING, April 17- China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for...

  • BEIJING, April 17- China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beijing tries to rein in excess capacity in the bloated sector and demand remains flat. March's monthly total easily beat the previous record of 70.65 million tonnes hit in March 2016, data from the...

  • BEIJING, April 17- China's economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that is showing signs of overheating. The strong reading should help underpin wobbly global financial markets but adds to worries that China's...

  • *China economy seen growing solid 6.8 pct y/y in Q1, same as Q4. BEIJING, April 17- China is expected to report on Monday that its economy grew 6.8 percent in the first quarter, well above Beijing's full-year target, buoyed by surging government infrastructure spending and a gravity-defying property market that is showing signs of overheating.

  • Trump's pipeline promise includes US steel

    CNBC's Jackie DeAngelis reports on the Trump administration's desire to have infrastructure projects made from U.S. steel.

  • LAUNCESTON, Australia, April 13- It's probably best to look at China's extremely strong commodity imports in March as a history lesson, rather than a pointer to future trends. But it's also likely that part of the March surge was due to the arrival of cargoes from more distant origins than the main suppliers in the Middle East, such as Europe's North Sea and the...