LONDON, Oct 23- Global crude steel output hit its lowest since February last month, with mills in top producer China cutting production as Beijing intensified its campaign for clearer skies, data from the World Steel Association showed on Monday. Output drops of 30 million tonnes or more are expected in China this winter as Beijing intensifies its war on smog.
*Kobe has $3.3 bln in cash, securities investments unused credit. *Kobe's bonds worth about $178 million maturing on Oct 27. Kobe has nearly $3.3 billion cash in hand, investments in short-term securities and unused credit lines from banks, it said last week.
TOKYO, Oct 23- Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday. Japan's No. 3 steelmaker has forecast a profit for the year through March 2018 after two successive annual losses, but the outlook has been clouded by the potential...
TOKYO, Oct 23- Japan's Nikkei share average notched 21- year highs on Monday to rise for a record 15th straight session, lifted by a weaker yen after Prime Minister Shinzo Abe's coalition scored a resounding election victory on Sunday. "While upward momentum is apparently strong, it would not be unusual for short-term profit-taking to emerge," said Yutaka Miura, a...
TOKYO, Oct 23- Japan's Nikkei share average made 21- year highs on Monday and was on course to rise for a record fifteenth straight session, lifted by a weaker yen after Japanese Prime Minister Shinzo Abe's coalition scored a resounding election victory on Sunday. "It would be particularly positive if this very strong political position that Abe has...
LONDON, Oct 20 (Reuters)- So what's become of the United States' national security investigation into steel imports? Delays may be to fine-tune any sanctions to minimise collateral damage to "friendly" trading partners while focusing on China. The 25 million tonne drop year on year is equivalent to closing every steel mill in Italy, Europe's second-largest...
*China set to meet 6.5 pct GDP growth target- NDRC head. BEIJING, Oct 21- China's economy is on track to meet its official growth target for 2017, the head of the state planning agency said on Saturday, despite a punishing war on pollution which is expected to slash industrial output over the winter months. "We expect to achieve the full-year growth target of about 6.5...
TOKYO, Oct 21- Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business. Japan's third-largest steelmaker, which supplies the world's top airline and automobile manufacturers, also said it had...
SAO PAULO, Oct 20- The Mexican peso tumbled on Friday after the U.S. Senate cleared the way for a tax reform that raised the prospect of a fiscal lift to the U.S. economy that could force interest rates to rise faster. Senate approval of a U.S. budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for Republicans to pursue a tax-cut package...
LONDON, Oct 20- So what's become of the United States' national security investigation into steel imports? Delays may be to fine-tune any sanctions to minimise collateral damage to "friendly" trading partners while focusing on China. The 25 million tonne drop year on year is equivalent to closing every steel mill in Italy, Europe's second-largest producer...
TOKYO, Oct 20- Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business. Japan's third-largest steelmaker, which supplies the world's top airline and automobile manufacturers, also said it had...
SYDNEY/ MANILA, Oct 20- London nickel futures jumped to a six-week high on Friday, supported by a rally in Chinese steel prices as investors looked to more production curbs in the world's top steel producer. Traders said the modest pullback in copper on Thursday was in reaction to data showing that economic growth in China, the world's biggest metals consumer, was...
TOKYO, Oct 20- One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data. If the company's products fail to meet industrial standards set by the...
TOKYO— Japan's industrial standards agency searched offices of metals maker Kobe Steel on Friday as investigations into falsified data on its products widened. The investigations by regulators and by automakers, aircraft manufacturers and other customers of Kobe Steel followed the company's disclosure earlier this month that inspections data on a slew...
BEIJING, Oct 20- China posted relatively solid economic growth in the third quarter, driven by a stronger services industry, though there were signs of weakness in real estate and construction as property cooling measures start to bite, data showed on Friday. China's property sector grew 3.9 percent in the quarter from a year earlier, decelerating from 6.2...
TOKYO, Oct 20- Data fabrication at Kobe Steel Ltd continued at its aluminium and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday. Japan's No.3 steelmaker will hold a news conference on Friday afternoon to announce details of its misconduct, Nikkei said, without citing sources.
TOKYO, Oct 20- The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest steelmaker, admitted earlier this month that it had...
*Nissan stops output of Japan market cars for 2 weeks over issue. *Automaker recalls 1.2 mln cars in Japan for re-inspections. TOKYO, Oct 20- Inappropriate inspection practices at Nissan Motor Co Ltd had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest...
TOKYO— Japanese automakers have confirmed use of Kobe Steel products affected by fake inspection data, but say they have found no safety concerns so far. Toyota Motor Corp. and Honda Motor Corp. issued statements late Thursday outlining preliminary findings from checks of materials and parts from Kobe Steel. The investigations by automakers, aircraft...
Traders said the slight pullback in price overnight was in reaction to Thursday's data showing economic growth in China, the world's biggest metals consumer, was in line was expectations. *JIANGXI COPPER: State-owned China metals firm Jiangxi Copper Co Ltd plans to make an acquisition in mineral-rich Africa, president and chairman Long Ziping said, as the...
