BEIJING, Dec 14- China's crude steel output dropped to its lowest in seven months in November, government data showed on Friday, hit by shrinking profit-margins at mills and winter restrictions on emissions. The world's top steelmaker produced 77.62 million tonnes of steel last month, down from a record 82.55 million tonnes in October and the weakest level...
RPT- CHINA NOV CRUDE STEEL OUTPUT +10.8 PCT Y/Y AT 77.6 MLN TONNES- STATS BUREAU.
RPT- CHINA JAN-NOV CRUDE STEEL OUTPUT +6.7 PCT Y/Y AT 857.4 MLN TONNES- STATS BUREAU.
BEIJING, Dec 13- Authorities in China's major steelmaking cities of Tangshan and Xuzhou have asked mills to curtail output as city officials are concerned they will not meet their pollution reduction targets for the year. The Tangshan city government ordered steel mills to comply with cuts mandated under a so-called first-level smog alert, meaning...
WASHINGTON, Dec 11- U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. Federal Reserve will raise interest rates at its Dec. 18-19 policy meeting. "All systems are go for a fourth rate hike this year when Fed...
*Producer price index rises 0.1 percent in November. WASHINGTON, Dec 11- U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. The Labor Department said on Tuesday its producer price index for final demand edged...
*China currently recycles less than a third of its slag. ANSHAN, China/ MANILA, Dec 10- China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output. "We will spare no effort in addressing solid waste-related environmental issues by strengthening...
*China currently recycles less than a third of its slag. ANSHAN, China/ MANILA, Dec 10- China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output. "We will spare no effort in addressing solid waste-related environmental issues by strengthening...
*China is world's top steel producer. BEIJING, Dec 10- China's 2018 crude steel output is expected to set an annual record of 923 million tonnes before slipping back to 900 million tonnes next year, a government consultancy said on Monday. The consultancy also predicted that steel consumption in China would fall to 800 million tonnes in 2019 from 820 million...
*China is world's top steel producer. The consultancy also predicted that steel consumption in China would fall to 800 million tonnes in 2019 from 820 million tonnes this year, dragged down by waning demand in the property, automobile and energy sectors. China is expected to consume 1.206 billion tonnes of iron ore this year, up 1.6 percent from a year earlier, the...
*Tata Steel's Hans Fischer also seen joining board-sources. DUESSELDORF/ LONDON, Dec 7- Germany's Thyssenkrupp and India's Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on Friday. The new company will have around 48,000 workers and about 17 billion euros in sales, with...
*Sluggishness in China's trade in' full swing'- economist. *Exports to U.S. +9.8 pct y/y, Nov surplus with U.S. a record $35.55 bln. BEIJING, Dec 8- China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country's growth rate from...
FRANKFURT/ NEW YORK, Dec 7- Activist investor Elliott has taken a position in Germany's Bayer, adding to the slew of investments the fund has made in German companies, three people familiar with the matter told Reuters on Friday. While Elliott has tried to talk to Bayer's top management it has not been able to get a meeting with Chief Executive Werner Baumann or his...
*Tata Steel's Hans Fischer also seen joining board-sources. DUESSELDORF/ LONDON, Dec 7- Germany's Thyssenkrupp and India's Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on Friday. The new company will have around 48,000 workers and about 17 billion euros in sales, with...
LONDON, Dec 7- Vale, the Brazilian mining giant built on supplying the world's steel mills with iron ore, is now betting on the electric vehicle revolution to turn its nickel division around. "We believe in this revolution to come," Chief Executive Fabio Schvartsman told analysts at the company's investor day presentation in New York this week.
LAUNCESTON, Australia, Dec 6- It's not shaping up as a merry Christmas for coal exporters to Asia as the region's top buyers, China and India, pull back from the recent trend of strong imports. The authorities in Beijing have told coal traders and utilities they want imports for the whole year to be similar to the 279 million tonnes in 2017.. However, the ship-tracking...
LAUNCESTON, Australia, Dec 6- It's not shaping up as a merry Christmas for coal exporters to Asia as the region's top buyers, China and India, pull back from the recent trend of strong imports. The authorities in Beijing have told coal traders and utilities they want imports for the whole year to be similar to the 279 million tonnes in 2017.. However, the ship-tracking...
The demand by IG Metall, Germany's largest labour union representing 3.9 million workers in the metal working and electrical sectors, could possibly set a benchmark for wage negotiations in the car and manufacturing industries. After hard-fought negotiations and strikes in Germany's industrial heartland in the southwest, it reached a deal with employers...
JAKARTA, Dec 4- Indonesia has granted permission for two commodity companies in the country to restart exports of nickel ore as they have made progress on smelter projects, a government spokesman said on Tuesday. Indonesia grants mineral ore export permits to firms building smelters and reviews their construction progress every six months.
There doesn't appear to be one single driving narrative causing the break with the usual seasonal patterns, rather a variety of unrelated, or loosely related factors are at work, but with China as a common thread. The winter price surge hasn't happened largely because China, the world's second-biggest LNG importer and a major driver of winter demand, is not...
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