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Metals and Mining Steel Producers

  • SAO PAULO, April 6- Falling inventories of goods from steel to ethanol and cosmetics suggest Brazilian firms are finally turning the corner after years of disappointing earnings, potentially extending a stock rally that has so far been built largely on hope. Year-end inventories held by companies on Brazil's benchmark Bovespa stock index fell in 2016 for the...

  • MOSCOW, April 6- Russia's Federal Security Service is investigating the Moscow office of Alrosa, the world's biggest diamond miner, in relation to non-core asset sales between 2011 and 2013, a source familiar with the matter told Reuters. Its shares touched 90.5 roubles earlier on Thursday when Interfax news agency cited a source as saying law enforcement...

  • MANILA, April 6- A powerful cyclone in Australia has put supply of coking coal at risk, forcing big buyers like China and Japan to scour the world for alternative supplies and fueling a rally in prices as the world's top exporter braces for lost business. Russia, Mongolia, Mozambique and the United States would benefit from Australia's disrupted supply as steel...

  • NEW DELHI, April 6- India's biggest steelmaker JSW Steel said it could spend up to $1 billion on capacity expansion or acquisitions this fiscal year, and will bid for iron ore and coking coal mines in upcoming auctions to secure raw material supplies. It also buys millions of tonnes of coking coal each year from countries such as Australia, Canada and the United...

  • BRUSSELS, April 6- The European Commission said on Thursday it had set' anti-dumping' duties on imports of hot-rolled flat steel products from China at a higher rate than those already in place, angering Beijing. The Commission, acting on behalf of the 28 EU countries, set final duties of between 18.1 and 35.9 percent for five years for producers including Bengang...

  • SYDNEY, April 5- BHP Billiton, the world's biggest shipper of coking coal, said on Wednesday it won't meet its export commitments from cyclone-struck northeast Australia, while hard running floodwaters threaten to delay repairs to rail lines. Landslides at a mountain pass on the railway connecting coking coal mines in Queensland state to ports have halted...

  • HANOI, April 5- Formosa Plastics Corp's steel mill in Vietnam has met environment ministry conditions to start test runs, state television said on Wednesday, a year after a toxic spill from the plant caused the country's worst environmental disaster. State-run Vietnam television VTV said the ministry announced the conclusion after a three-day inspection...

  • HANOI, April 5- Formosa Plastics Corp's steel mill in Vietnam has met environment ministry conditions to start test runs, state television said on Wednesday, a year after a toxic spill from the plant caused the country's worst environmental disaster. State-run Vietnam television VTV said the ministry announced the conclusion after a three-day inspection...

  • LAUNCESTON, Australia, April 5- The vast steel sectors of China, Japan and South Korea are bracing for surging coking coal prices after Cyclone Debbie wreaked havoc across the main mining areas of top producer Australia, but their worst fears may not be realized. Cyclone Debbie hit the northeastern state of Queensland last week as a Category Four storm, the...

  • *Alternative supplies mostly come from U.S, but also Russia. SINGAPORE/ WASHINGTON, April 5- China, the world's biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia's Queensland state last week, caused the...

  • *Alternative supplies mostly come from U.S, but also Russia. SINGAPORE/ WASHINGTON, April 5- China, the world's biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia's Queensland state last week, caused the...

  • *Alternative supplies mostly come from the U.S, but also Russia. SINGAPORE, April 4- China, the world's biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia's Queensland state last week, caused the...

  • *Alternative supplies mostly come from the U.S, but also Russia. SINGAPORE, April 4- China, the world's biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia's Queensland state last week, caused the...

  • LAUNCESTON, Australia, April 3- China's appetite for iron ore is likely to have continued unabated in March, but it seems increasingly likely that the first quarter of 2017 may prove to be as good as it gets this year for imports of the steel-making ingredient. China imported 90.3 million tonnes of iron ore in March, according to vessel-tracking and port data...

  • LAUNCESTON, Australia, April 3- China's appetite for iron ore is likely to have continued unabated in March, but it seems increasingly likely that the first quarter of 2017 may prove to be as good as it gets this year for imports of the steel-making ingredient. China imported 90.3 million tonnes of iron ore in March, according to vessel-tracking and port data...

  • BEIJING, April 1- Activity at China's factories expanded for a ninth straight month in March but at a softer pace as new export orders slowed, a private survey showed, raising questions about whether a recent pickup in global demand is losing steam. The findings contrast with those of China's official factory survey on Friday, which showed activity grew the...

  • MANILA, March 31- With enough iron ore to construct Paris's Eiffel Tower nearly 13,000 times over, China's ports are bursting with stockpiles of the raw material and some of them are demolishing old buildings to create more storage space, trading sources said. China's domestic iron ore production jumped 15.3 percent in January-February as a price rally last...

  • BEIJING, March 31- Activity in China's steel industry expanded at a slower pace in March even as mills continued to ramp up output, sparking worries of oversupply in the world's top producer of the metal, an industry survey showed on Friday. A renaissance in China's steel industry has been a major driver of the world's second-largest economy in recent quarters,...

  • WASHINGTON, March 30- The U.S. Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length plate in the U.S. market, allowing it to impose duties ranging from 3.62 percent to 148 percent, Commerce Secretary Wilbur Ross said on Thursday. The determinations of dumping, or selling a product below its...

  • WASHINGTON, March 30- The Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length plate in the U.S. market, allowing it to impose duties ranging from 3.62 percent to 148 percent, Commerce Secretary Wilbur Ross said on Thursday. The determinations of dumping, or selling a product below its fair...