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Metals and Mining Steel Producers

  • BEIJING, Aug 14- The typical summer lull across China's steel sector never arrived this year as mills have churned out record volumes in a rush to fill a supply gap caused by government-mandated closures and to cash in on high margins. China typically sees a slowdown in steel output because construction demand slows as building activity drop during the high...

  • *China July activity indicators all grow less than expected. BEIJING, Aug 14- China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. But economists do not expect any hard landing,...

  • *Market brushes off data indicating slowing China growth. SHANGHAI, Aug 14- China stocks were higher at the end of the morning session Monday following sharp falls on Friday, largely shrugging off official data indicating slowing growth in the world's second-largest economy. The Shanghai index fell 1.6 percent on Friday, its worst daily performance this year.

  • BEIJING, Aug 14- China's steel output hit a monthly record in July at 74.02 million tonnes, up 10.3 percent on a year ago as mills in the world's top producer continued to ramp up production even as Beijing intensified its war on smog. "However, due to Beijing's crackdown on low-end rebar and capacity cutbacks in the steel sector, mills are spurred by rallying profits...

  • *China July activity indicators all grow less than expected. *Industrial output +6.4 pct vs poll +7.2 pct. BEIJING, Aug 14- China's factory output slowed more than expected in July while investment and retail sales also disappointed, reinforcing views that the world's second-largest economy is starting to lose some steam as lending costs rise and the property...

  • LAUNCESTON, Australia, Aug 11- Anyone betting that the rally in China's steel and iron ore prices is going to continue unabated can't say they haven't been warned. In the past this sort of concern has translated into actions to cool markets, such as tighter trading rules on China's domestic exchanges, increased regulation and a ramping up of what could be...

  • LAUNCESTON, Australia, Aug 11- Anyone betting that the rally in China's steel and iron ore prices is going to continue unabated can't say they haven't been warned. In the past this sort of concern has translated into actions to cool markets, such as tighter trading rules on China's domestic exchanges, increased regulation and a ramping up of what could be...

  • *Russia's outstanding foreign debt seen shrinking further. But hard currency borrowing from Russia has declined since 2014, when Western sanctions were first imposed due to Russia's annexation of Crimea and its support of anti- Kiev rebels in eastern Ukraine. "Russia is a benign story-- supply risk is very low," said Chris Perryman, a portfolio manager at...

  • *Russia's outstanding foreign debt seen shrinking further. But hard currency borrowing from Russia has declined since 2014, when Western sanctions were first imposed due to Russia's annexation of Crimea and its support of anti- Kiev rebels in eastern Ukraine. "Russia is a benign story-- supply risk is very low," said Chris Perryman, a portfolio manager at...

  • BRUSSELS, Aug 10- The European Union has imposed provisional import duties of as much as 28.5 percent on certain Chinese corrosion-resistant steels after an eight-month investigation found that the products benefited from unfair subsidies. The Aug. 9 decision by the European Commission followed a complaint by steel association Eurofer whose members...

  • *Q3 EBIT 620 mln eur vs Reuters poll avg 493 mln eur. FRANKFURT, Aug 10- Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement. Britain's Sky News reported on Wednesday that Tata Steel was on the brink of detaching its British...

  • MELBOURNE, Aug 10- London copper and aluminium paused near their highest in more than two years on Thursday, amid profit-taking in wider markets as investors fretted about the simmering tensions between the United States and North Korea. Industry reform across China's steel and aluminium sectors that has seen capacity closures has helped drive the rally in...

  • MELBOURNE, Aug 10- London copper and aluminum paused near their highest in more than two years on Thursday, amid profit-taking in wider markets as investors fretted about the simmering tensions between the United States and North Korea. Industry reform across China's steel and aluminum sectors that has seen capacity closures has helped drive the rally in...

  • MELBOURNE, Aug 10- London copper and aluminium paused near their highest in more than two years on Thursday, amid profit-taking in wider markets as investors fretted about the simmering tensions between the United States and North Korea. Industry reform across China's steel and aluminium sectors that has seen capacity closures has helped drive the rally in...

  • MELBOURNE, Aug 10- London copper and aluminum paused near their highest in more than two years on Thursday, amid profit-taking in wider markets as investors fretted about the simmering tensions between the United States and North Korea. Industry reform across China's steel and aluminum sectors that has seen capacity closures has helped drive the rally in...

  • SHANGHAI, Aug 10- China stocks ended the morning session on Thursday lower amid profit taking in both mainland and Hong Kong shares, and as recent gains prompted China's largest aluminium producer to warn investors of market risks. China CSI300 stock index futures for August fell 1.2 percent, to 3,674.8, 18.82 points below the current value of the underlying...

  • TOKYO, Aug 10- Nippon Steel& Sumitomo Metal Corp, Japan's biggest steelmaker, expects China's steel prices to remain elevated throughout the year as Beijing's infrastructure spending boosts local construction demand, a senior company official said. "Beijing's economic stimulus has been bolstering the Chinese economy and domestic consumption will likely...

  • 1. " China's imports of commodities for July came in better than expected, with the normal seasonal downturn seemingly delayed for another month." 2. " China's July commodity import numbers were a mixed bag as year-on-year growth in energy commodity imports remained strong while iron ore dipped and copper remained steady. 3. " China's commodity import volumes...

  • 1. " China's imports of commodities for July came in better than expected, with the normal seasonal downturn seemingly delayed for another month." 2. " China's July commodity import numbers were a mixed bag as year-on-year growth in energy commodity imports remained strong while iron ore dipped and copper remained steady. 3. " China's commodity import volumes...

  • Aug 8- Jindal Steel and Power Ltd, one of India's biggest steelmakers, beat estimates with a narrower first-quarter loss, boosted by higher revenue from its iron and steel business. The Delhi- based steelmaker reported a loss of 3.87 billion rupees for the April-June quarter, compared with a loss of 10.82 billion rupees a year earlier. Analysts on average had...