×

Metals and Mining Steel Producers

  • *China May official manufacturing PMI 51.2. *China May official services PMI 54.5. BEIJING, May 31- China manufacturing sector grew faster than expected in May as activity in the steel industry rebounded sharply, an official survey showed on Wednesday, allaying concerns of slowing economic momentum as Beijing cracks down on financial risks.

  • MANILA, May 31- Activity in China's steel industry expanded at the fastest pace in a year in May, supported by an increase in new orders, industry data showed on Wednesday.

  • ROME, May 26- ArcelorMittal, the world's biggest steelmaker, and Italian industrial group Marcegaglia have won a bid to buy the troubled Ilva steel plant in southern Italy, a source with knowledge of the matter said on Friday. A representative for ArcelorMittal in Italy declined to comment until after Italy's industry ministry ratifies the decision.

  • *Europe stocks near highs; miners, energy weigh. NEW YORK, May 25- World stock markets scaled fresh highs on Thursday, with key U.S. indexes lifted by rosy retailer results, while the U.S. dollar dipped and oil prices fell after top oil producers extended output cuts for a shorter period than expected. Oil prices fell as OPEC prepared to extend supply curbs by nine...

  • *Wall Street seen opening higher, VIX lowest since May 10. *Oil up as OPEC agrees to extend output cuts, some expected more. Index futures indicated Wall Street would open higher, building on Wednesday's record closing high in the S&P 500.

  • LONDON, May 25- European shares struggled to keep gains on Thursday in choppy trade as falls in commodity-facing firms weighed, with investors hunting for fresh direction in the aftermath of Europe's blistering first quarter earnings season. James Butterfill, head of research and investment strategy at ETF Securities, said that now the earnings season is...

  • Motorcycle maker Harley-Davidson said on Thursday it will build a plant in Thailand to serve the growing Southeast Asian market.

  • BANGKOK, May 25- Motorcycle maker Harley-Davidson Inc said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union. The Thailand facility "will allow us to be more responsive and competitive in the ASEAN region and China," Harley-Davidson public relations...

  • Wilbur Ross, U.S. commerce secretary, speaks during the 47th annual Washington Conference on the Americas at the U.S Department of State in Washington, D.C., U.S., on Tuesday, May 9, 2017.

    President Donald Trump previously asked for a probe into the impact of foreign-made steel imports on U.S. national security.

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • TORONTO, May 24- Champion Iron Ltd is thinking small with its plans to bring Quebec's giant Bloom Lake iron ore mine back to life. The recovery sparked signs of life for a handful of hibernating miners in Canada's metal-rich Labrador Trough, straddling the provinces of Quebec and Newfoundland and Labrador, including Champion, Alderon Iron.

  • Seen a dampening of sentiment in China: Vedanta Resources CEO

    Vedanta Resources CEO Tom Albanese speaks about earnings and the business environment in China.

  • WASHINGTON, May 23- American steel executives said on Tuesday that a Trump administration national security review of their industry could provide relief from imports that dozens of U.S. Commerce Department anti-dumping cases have only partly offered. The probe could result in broader protections that solve a "whack-a-mole" problem of shutting out...

  • LONDON, May 23- Global output of steel, a gauge of economic health, jumped 5 percent in April, extending a surge seen in the first quarter, industry data showed on Tuesday. Output in China, which accounts for half of global steel production and a quarter of global steel exports, rose 4.9 percent to 72.8 million tonnes, said Worldsteel, whose members jointly account for...

  • BEIJING, May 23- As a controversial U.S. investment visa scheme comes under fresh criticism, Sam Walls of Little Rock, Arkansas, faces a different problem as he courts wealthy Chinese. Walls, who is 47 and does not speak Mandarin, spent three months in China last year promoting the project, often travelling by high-speed rail between Beijing and Shanghai.

  • TOKYO, May 23- Japan's top steelmaker Nippon Steel& Sumitomo Metal is considering measures to counter volatile coking coal prices, such as contracts of varying lengths and seeking out supply sources outside of Australia, its senior official said. Japanese steelmakers have suffered heavy costs from surging coking coal prices and were forced to scramble for...

  • LONDON, May 22- Zinc and nickel touched their highest in over two-weeks on Monday after China launched a regional crackdown on the steel industry, including production of the two metals. Benchmark zinc on the London Metal Exchange rose 1 percent to $2,641 per tonne, its highest since May 2 while nickel hit its highest since May 3, up 0.6 percent to $9,415.

  • MELBOURNE, May 22- Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fueled worries about supply of the construction material and lifted prices of its raw materials. "It's all very macro-driven at the moment," said analyst Daniel Morgan at UBS in Sydney. London Metal Exchange zinc rallied 0.9...

  • MELBOURNE, May 22- Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fueled worries about steel supply and lifted the prices of its raw materials. Both metals were jolted out of a downtrend that last week saw them touch their lowest for the year amid concerns about a slowdown in China's metals...

  • Globalisation has gone too far:

    Sanjeev Gupta, executive chairman at Liberty House Group, says that the highest steel prices in the world are in the U.S., the U.K. and Australia.