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Metals and Mining Steel Producers

  • PARIS, Jan 26- French steel pipe maker Vallourec and Asco Industries announced on Thursday the finalisation of their acquisition of the Saint Saulve steel mill in northern France. The companies' Ascoval vehicle- 60 percent owned by Asco and 40 percent owned by Vallourec- will own all the assets of the mill, which is targeting an annualized production level of...

  • *China industrial profits +8.5 pct 2016, +2.3 pct y/y in Dec. BEIJING, Jan 26- Profits for China's industrial firms rose the most in three years in 2016 as a construction boom fueled a rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth of 8.5 percent last...

  • BEIJING, Jan 25- Profits for China's industrial firms rose 8.5 percent in 2016, the most in three years, as a construction boom fueled a months-long rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth last year suggests there may be a solid pick-up in...

  • MANILA, Jan 26- London copper futures ticked higher on Thursday to trade near a two-month high as the dollar wilted amid rising concerns over U.S. *Three-month copper on the London Metal Exchange was up 0.3 percent at $5,957 a tonne by 0110 GMT, not far below Wednesday's peak of $5,973, which was the metal's strongest level since Nov. 28. *The most-traded March copper...

  • MANILA, Jan 25- London aluminum futures edged higher on Wednesday to trade close to a 20- month high on Wednesday, buoyed by reports of possible capacity cuts in China, while copper rose to its strongest level in almost two months. Traders cited a Bloomberg story saying that China is drawing up plans that would halt about 3.3 million tonnes of operational aluminum...

  • Be careful on the type of steel stocks you buy: Expert

    Alex Leyland, Leyland Private AM, weighs in on the Trump's executive order on American-made steel might impact steel stocks.

  • A pedestrian carries an umbrella while walking along Wall Street past the New York Stock Exchange in New York.

    Shares of AK Steel plummeted after the company said it sees first quarter average selling prices "relatively flat versus the fourth quarter."

  • Fluor CEO: Manufacturers are ready for Trump projects

    David Seaton, Fluor CEO, weighs in on President Trump's revival of Dakota Access and Keystone XL oil pipelines, and who will benefit from it.

  • AK Steel erases gains

    AK Steel erases early trading gains, CNBC's Morgan Brennan reports. "Fast Money Halftime Report" trader Pete Najarian weighs in.

  • LAUNCESTON, Australia, Jan 24- If you wanted to see what a speculative commodity bubble looks like, then coking coal's huge rally in the second half of last year and subsequent retreat provides a good example. The SGX futures contract is based on the Steel Index free-on-board Australia coking coal price, and is thus reflective of the cost of the fuel at ports in...

  • LONDON, Jan 23- Britain's steel industry needs a comprehensive government strategy to boost the sector, which must be a priority in negotiations on Britain's exit from the European Union, a cross-party parliamentary report said on Monday. Kinnock's constituents include workers at the Port Talbot plant, Britain's biggest steel facility, owned by Tata Steel UK,...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 23- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 20- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • *Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

  • Chinese workers load steel tubes onto a truck at a logistics center in Lianyungang in east China's Jiangsu province on November 8, 2016.

    The U.S. Commerce Department said it had made a final finding of dumping of carbon and alloy steel cut-to-length (CTL) plate from China.

  • NEW YORK, Jan 18- Axeon Specialty Products plans on shutting down its 75,000 barrel-per-day asphalt refinery in Paulsboro, New Jersey, as early as this summer, according to a local politician and sources familiar with the company's plans. Axeon is owned by New York- based hedge fund Lindsay Goldberg. Neither Axeon nor Lindsay Goldberg responded to requests for...

  • WASHINGTON, Jan 18- Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration's first trade priority, U.S. He did not discuss Trump's threats to levy punitive tariffs on Chinese goods imported into the United States but said countries that fail to provide a fair trading field should be "severely punished."

  • SAO PAULO, Jan 17- Brazil's busiest pipeline of bond and equity offerings in at least six years is being fueled by increasing investor confidence in the country's ability to emerge from a harsh recession and shrug off global market turmoil, bankers said. In what the bankers say is a window for offerings that opened last week and may extend for another three weeks,...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...