Metals and Mining Steel Producers

  • SINGAPORE, Oct 18- Australian thermal coal spot prices have hit $100 per tonne for the first time since 2012, with a cargo ordered at that price for delivery from Newcastle port in November, according to trading platform GLOBALcoal on Tuesday. The price rally ended half a decade of steady declines, and has lifted mining share prices like Whitehaven Coal, Glencore...

  • *Open GDP poll cpurl:// apps.cp./ Apps/econ-polls? *China economy seen growing 6.7 pct y/y in Q3, same as Q2. BEIJING, Oct 14- China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58...

  • SAO PAULO, Oct 13- Mexican stocks and currencies seesawed on Thursday after weak Chinese trade data weighed on demand for risky assets, but a late-day rally in oil prices helped limit losses. Brazil's currency and stocks fared better than their peers, however, after a vote in Congress reinforced expectations that President Michel Temer will be able to limit...

  • SAO PAULO, Oct 13- Latin American stocks and currencies fell on Thursday as weak Chinese trade data and bets on a December U.S. interest rate increase depressed the appetite for risky assets. Brazil's currency and stocks fell less than regional peers after a vote in Congress reinforced expectations that President Michel Temer will be able to limit public...

  • SAO PAULO, Oct 13- Most Latin American currencies weakened in early Thursday trading on weak Chinese trade data and bets on a December U.S. interest rate increase. China's September exports fell 10 percent from a year earlier, far worse than expected, while imports dropped unexpectedly. Losses were widespread on the Brazilian stock exchange, with shares of...

  • *China Sept exports, imports both worse than expected. BEIJING, Oct 13- China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived. "This comes on the heels of weak South Korean trade data,...

  • *China Sept exports, imports both worse than expected. BEIJING, Oct 13- China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived. "This comes on the heels of weak South Korean trade data,...

  • BEIJING, Oct 13- China went on an unexpectedly big buying spree for crude oil, coal and iron ore last month, customs data showed on Thursday, even as Beijing cools its overheated property market and concerns linger about the health of the world's No. 2 economy. Daily crude imports hit an all-time high as the nation again overtook the United States as the world's top...

  • SHANGHAI, Oct 13- China's iron ore imports surged to the second highest on record in September, customs data showed on Thursday, as mills in the world's top steel producer ramped up production amid healthy profits. Firm domestic prices also helped curb China's steel exports to the lowest since February, offering a reprieve for overseas rivals that had been...

  • BEIJING, Oct 13- China imported 24.26 million tonnes of coal in September, up more than a third from a year ago, customs data showed on Thursday, as government-enforced mine closures forced utilities and steel mills to buy more foreign raw material. For the year to date, imports increased 15.2 percent to 180 million tonnes. The pace of buying may not continue into...

  • *Philippines struggling to maintain exports anyway. LONDON, Oct 12- Nickel's rally is expected to be sustained by robust demand from China's stainless steel mills, a significant factor behind recent price gains which many think are mainly due to worries about supplies from the Philippines. Benchmark nickel is up more than 40 percent since hitting a 12- year low...

  • SHANGHAI, Oct 12- China Construction Bank Corp will establish a 24 billion yuan transformation and development fund with Wuhan Iron and Steel Group Corp to help the steel firm reduce leverage, the bank said on its website. Although the statement released on Tuesday did not explicitly mention debt-to-equity swaps, a separate article published Wednesday by...

  • LONDON, Oct 11- Global steel demand will rise by a meager 0.2 percent this year, according to the World Steel Association. The improvement is all about China, where production and demand have been lifted by the government's latest stimulus package, another push of the infrastructure and construction buttons. Stainless steel production rebounded strongly in...

  • LONDON, Oct 11- Global steel demand will rise by a meagre 0.2 percent this year, according to the World Steel Association. The improvement is all about China, where production and demand have been lifted by the government's latest stimulus package, another push of the infrastructure and construction buttons. Stainless steel production rebounded strongly in...

  • *Aluminium mkt to loosen into Q4 as China supply rises- JP Morgan. MELBOURNE, Oct 11- London copper was steady on Tuesday as the U.S. dollar held strong after recent solid economic reports, while optimism that U.S. presidential candidate Hilary Clinton was pulling ahead in the polls fed appetite for risk. In a bid to combat rising property prices, a number of Chinese...

  • MELBOURNE, Oct 11- London copper drifted on Tuesday as the dollar held strong after recent solid economic reports, although optimism that U.S. presidential candidate Hilary Clinton was pulling ahead in the polls fed appetite for risk, limiting losses. But as China's economic activity ramps up after a week of holidays, demand is expected to strengthen into year...

  • *China property shares slump on fresh purchase restrictions. *Impact of U.S. presidential election on China limited- traders. SHANGHAI, Oct 10- China stocks rose over 1 percent on Monday as investors returning from a week-long holiday caught up to buoyant global markets, but gains were capped by selling in property shares as more cities imposed curbs on home...

  • The news poured cold water on prices that had rallied after a rash of nickel mine suspensions in the Philippines on environmental grounds threatened supply to top user China's vast stainless steel industry. "Nickel finds itself in a situation where two key producers- Indonesia and Philippines- are both in the midst of revaluating their export policies,"...

  • BEIJING, Oct 9- China's Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods "unfair". China, the source of 50 percent of the world's steel and the largest steel consumer, has said the problem is a global one.

  • SAO PAULO, Oct 7- The division between the two controlling shareholders of Usinas Siderúrgicas de Minas Gerais SA risks destroying the Brazilian flat steelmaker, a senior executive at minority shareholder and rival Cia Siderúrgica Nacional SA said on Friday. The business relationship between controlling shareholders Nippon Steel& Sumitomo Metal Corp...