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Metals and Mining Steel Producers

  • Soldiers wait for a container ship to berth at Qingdao Port on March 8, 2018 in Qingdao, China.

    The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports.

  • CHICAGO, June 15- U.S. soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on U.S. soybean imports, the single most valuable U.S. agricultural export product to its Asian rival. China also said it would tax oil and gas imports from the United States. Soybean futures dropped...

  • DUESSELDORF/ FRANKFURT/ LONDON, June 14- Labour representatives at Thyssenkrupp have moved closer to an agreement with management over a planned European steel joint venture with Tata Steel, a member of the group's supervisory board said on Thursday. Sources told Reuters a day earlier that both groups were struggling to finalise the joint venture, citing a...

  • DUESSELDORF/ FRANKFURT/ LONDON, June 14- Labour representatives at Thyssenkrupp have moved closer to an agreement with management over a planned European steel joint venture with Tata Steel, a member of the group's supervisory board said on Thursday. Sources told Reuters a day earlier that both groups were struggling to finalize the joint venture, citing a...

  • LONDON, June 14- Base metals prices fell on Thursday after data pointed to slowing economic growth in China, the biggest metals consumer. "It's a combination of both factors- China and the Fed." CHINA METALS OUTPUT: While China's slower growth suggested lower demand, the country's output of 10 non-ferrous metals including copper, aluminium, lead, zinc and nickel rose...

  • XUZHOU, China, June 14- The frontlines of China's war on pollution are moving beyond smog-prone Beijing and surrounding cities, driven by an effort to improve air and water quality across the country. Jiangsu, which boasts China's second-biggest provincial economy, has become the next front in the battle to clean up the environment as Beijing seeks to head off...

  • BEIJING/ MANILA, June 14- China's steel output surged to a record in May as mills ramped up production to chase fat profit margins, with a strong outlook for demand likely to keep mills running at nearly full capacity for the rest of the year. The increased output comes despite China's efforts to limit production in key areas as part of its anti-pollution campaign...

  • BEIJING, June 14- China's daily crude steel output surged to a fresh record in May, offical data showed on Thursday, as mills pumped out the construction material at full capacity to take advantage of strong profit margins. The world's biggest steel maker produced 81.13 million tonnes of crude steel last month, up 5.8 percent from the previous month and 8.9...

  • BERLIN, June 13- Germany will press for quick action by a global steel forum to reduce overcapacities in the world market, Economy Minister Peter Altmaier said on Wednesday, ahead of a June 20 meeting by the Global Forum on Excess Steel Capacity in Paris. He said there was also a possibility that U.S. companies would apply for exemptions for their irreplaceable...

  • WASHINGTON, June 13- U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/ 2 years, the latest sign of a gradual building up of inflation pressures. "The Fed is on the right course with its gradual pace of rate hikes because the inflation heat may yet lead to fire and the risk that monetary policy has to move faster and...

  • *Change in debt levels, cash payment considered- sources. FRANKFURT/ DUESSELDORF, June 13- Germany's Thyssenkrupp and India's Tata Steel are struggling to get the planned merger of their European steel operations on track due to diverging values of their businesses, people familiar with the matter said. The so-called valuation gap could be anywhere between 500...

  • WASHINGTON, June 13- U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/ 2 years, the latest sign of a gradual building up of inflation pressures. The report on Wednesday from the Labor Department came as Federal Reserve officials were wrapping up a two-day policy meeting. "The Fed is on the right course with its...

  • *Change in debt levels, cash payment considered- sources. FRANKFURT/ DUESSELDORF, June 13- Germany's Thyssenkrupp and India's Tata Steel are struggling to get the planned merger of their European steel operations on track due to diverging values of their businesses, people familiar with the matter said. The so-called valuation gap could be anywhere between 500...

  • We understand U.S.' reservations on Chinese overproduction and NATO funding: UK trade chief

    U.K. trade minister Liam Fox says that the British government has "sympathy" for the Trump administration's stance on trade, though it disagrees with the measures taken.

  • WASHINGTON, June 13- U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/ 2 years, but underlying producer inflation remained moderate. The Labor Department said on Wednesday its producer price index for final demand rose 0.5 percent last month, boosted by a surge in gasoline prices and continued gains in the...

  • LAUNCESTON, Australia, June 13- There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution. However, vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts,...

  • After Trump, steel plant reopens

    Jackie DeAngelis talks about the broader implications of a steel plant reopening.

  • US Steel CEO: We've been in a trade war in steel for 30 years

    U.S. Steel CEO David Burritt speaks to CNBC's Jackie DeAngelis about the state of steel industry in the U.S. as the Trump administration levies tariffs on steel and aluminum imports.

  • *FTSE 100 up 0.7 pct. *UK factory output shows biggest monthly fall since 2012. "Defensive stocks are dominating the FTSE leaders, suggesting a still cautious investor attitude, rather than the genuine risk-on start to the week," said Artjom Hatsaturjants, analyst at Accendo Markets.

  • LONDON/ FRANKFURT/ DUESSELDORF, June 11- Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form. The remarks deal a fresh blow to Thyssenkrupp boss Heinrich Hiesinger, at the helm of the German steel-to-submarine group for more than...