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Metals and Mining Steel Producers

  • *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...

  • TAIPEI, March 30- Taiwan stocks fell on Thursday tracking Asian shares, weighed down mostly by automobile and plastics subindexes. Earlier in the day, Asian shares edged up to their highest in near two years before losing some of those early gains, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy.

  • Automation is replacing human jobs.

    Representative Marcy Kaptur, D-Ohio, weighs in on the steel industry, manufacturing and unfair trade.

  • *OECD figures show Iran a rising steel power. LONDON/ FRANKFURT, March 29- The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. Any decision not to impose duties on...

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • SHANGHAI, March 28- The northeastern Chinese province of Liaoning has promised to close more than 10 million tonnes of low-grade steel capacity by the end of June this year as part of its efforts to clean up the sector, the official Liaoning Daily reported on Tuesday. Heavy industrial Liaoning, home to struggling state steel mills like the Anshan Group and the...

  • SAO PAULO, March 27- Latin American stocks and currencies fell on Monday after U.S. Trump's own Republican Party turned against the bill, his first major legislative move, hurting the outlook for the rest of his pledges, including tax cuts and infrastructure spending. Brazil's benchmark Bovespa stock index fell 0.4 percent on global risk aversion, but shares of...

  • SAO PAULO, March 24- The ousted chief executive officer of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA said on Friday he did not violate company polices during negotiations over ways to tap cash from a subsidiary last year. Seven of Usiminas' 11- member board voted to dismiss Romel de Souza on Thursday, and replaced him with Sérgio Leite, a...

  • LONDON, March 23- The political heat is rising in the aluminium market, with a trio of industry bodies calling on the G20 to address global market imbalances resulting from China's burgeoning output. "China's state-sponsored support is contributing to an unsustainable structural overcapacity that will impact growth and contribute to heightened...

  • BRASILIA, March 23- Brazilian steelmaker Usiminas said on Thursday its board has appointed Sergio Leite as the company's new Chief Executive Officer.