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Metals and Mining Steel Producers

  • *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...

  • TOKYO, Jan 16- Japan's Nikkei share average fell on Monday to its lowest level in more than two weeks, hurt as the yen appreciated on concerns Britain might make a "hard" exit by from the European Union. The Nikkei ended the day down 1 percent at 19,095.24 after brushing 19,061.27, its lowest level since Dec. 30. Tokyo's sub-sectors like steelmakers and shippers, which...

  • TOKYO, Jan 16- Japan's Nikkei share average slipped on Monday as investors locked in gains, bracing for more detail on the Trump Administration's trade policies, with steelmakers and shippers leading the losses. "Some people are taking profits as they look at his protectionist, dark side of his policies," said Norihiro Fujito, senior investment strategist at...

  • SYDNEY, Jan 16- Copper prices climbed on Monday, extending hefty gains that came last week as the outlook for demand brightened in the wake of strong economic data in top consumers of the metal. *The most-traded copper contract on the Shanghai Futures Exchange advanced 1.35 percent to 48,140 yuan a tonne. *Sterling slid to three-month lows in Asia on Monday with...

  • LONDON, Jan 13- Almost exactly three years ago Indonesia rocked the global nickel market by banning the export of unprocessed minerals. Now Indonesia has done it again, this time by part reversing that ban. The fear is that Indonesia will ramp up both production and exports again, reversing a shift to supply shortfall in the global nickel market and killing off a...

  • LONDON, Jan 13- Almost exactly three years ago Indonesia rocked the global nickel market by banning the export of unprocessed minerals. Now Indonesia has done it again, this time by part reversing that ban. The fear is that Indonesia will ramp up both production and exports again, reversing a shift to supply shortfall in the global nickel market and killing off a...

  • SAO PAULO, Jan 13- Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA's plan to tap excess cash from a mining subsidiary that was rejected this week was found not to pose any potential financial risk for the unit, a person briefed on the matter said. In recent months, Usiminas sought tapping excess cash at the Musa Mineração Usiminas SA through a...

  • *China's bid to tackle overcapacity, pollution disrupted output. MANILA, Jan 13- China's steel exports fell in 2016 from a record in the previous year, dragged down by improved demand at home and Beijing's resolve to tackle overcapacity, in a relief for steelmakers elsewhere that have been hit by cheap Chinese shipments. China's exports could slip further this...

  • *Beijing's supply-side reform could continue to buoy demand. BEIJING, Jan 13- China's commodity imports jumped again in December, pushing 2016 shipments of goods from crude to iron ore to record levels and boosting expectations that lower domestic output will help prolong the months-long buying binge. The data reflected a major recovery by the world's...

  • BEIJING, Jan 13- China's iron ore imports slipped 8 percent in December from a record a year earlier amid seasonal weakness in steel demand, but purchases for the full year hit an all-time high and could remain strong in 2017.. Imports rose 7.5 percent to 1.024 billion tonnes in 2016, data from the General Administration of Customs showed, as economic stimulus...

  • BEIJING, Jan 13- Chinese imports of iron ore eased 8 percent in December from record highs a year earlier as steel mills in the world's top consumer curbed output due to a seasonal slowdown in demand during the cold winter months, official data showed on Friday. Iron ore prices soared 80 percent in 2016 as economic stimulus in China helped sustain steel output.

  • BEIJING, Jan 13- China's imports of iron ore rose 7.5 percent to a record 1.024 billion tonnes in 2016, data from the General Administration of Customs showed on Friday, as economic stimulus measures sustained steel demand even as the government cracked down on excess capacity. Based on Reuters calculations, shipments in December were 88.76 million tonnes,...

  • *For graphic showing China choke points: http://tmsnrt.rs/2ijdN1G. SINGAPORE, Jan 13- A huge traffic jam of hundreds of ships carrying coal and iron ore into China has built up outside key ports like Tianjin and Caofeidian, just as winter demand hits its peak ahead of the Chinese New Year holiday later this month. This has left hundreds of ships sitting in China's...

  • SAO PAULO, Jan 11- The Mexican peso weakened to an all-time low on Wednesday ahead of a news conference by U.S. President-elect Donald Trump, whose protectionist rhetoric has weighed on demand for the currency. Traders expect Trump to clarify whether he will stand by his campaign pledges to break with trade agreements with Mexico.