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Metals and Mining Steel Producers

  • PARIS/ TOKYO, Oct 18- Europe's aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product data manipulation by the Japanese company. The move by the European Aviation Safety Agency is another headache for Kobe Steel, which has shocked aircraft, auto, train and other...

  • BEIJING, Oct 18- The value of overseas assets held by China's centrally owned enterprises has exceeded 6 trillion yuan, with investments in more than 185 countries and regions, the state assets regulator said on Wednesday. China's state-owned enterprises are spearheading investment in infrastructure projects overseas along the ancient Silk Road land and...

  • PARIS, Oct 18- Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company. The move by the European Aviation Safety Agency is another headache for Kobe Steel, which has shocked aircraft, auto, train and other...

  • PARIS, Oct 18- Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company. The European Aviation Safety Agency said the concern was not serious enough at this stage to warrant an airworthiness directive...

  • BEIJING, Oct 18- Assets held by China's centrally owned enterprises are expected to reach 55 trillion yuan in 2017, nearly doubling over the past five years, state-run China News Service reported on Wednesday, citing the state assets regulator. "Assets owned by central government companies have exceeded 53 trillion yuan by now," Hao Peng, party chief of the...

  • *China steel mills, traders adopting fixed-price deals. MANILA/ SHANGHAI, Oct 18- China's steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility. Prices climbed on supply worries as China has shuttered steel mills for not complying with environmental rules.

  • Oct 18- Global miner BHP Billiton reported a 4 percent drop in quarterly iron ore output following a fire at its Mount Whaleback mine in Australia in June, but said it still expects to hit its annual production target. BHP on June 1 temporarily halted operations at its Whaleback mine, the largest of seven operated by the company in Australia, due to a fire.

  • LAUNCESTON, Australia, Oct 17- The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on...

  • MOSCOW, Oct 17- Severstal, Russia's fourth-largest steel producer, is expected to post third-quarter core earnings of $633 million on Wednesday, a Reuters poll of six analysts showed. The firm posted earnings before interest, taxation, depreciation and amortisation of $584 million in the same period last year. The following banks participated in the survey:...

  • *Kobe previously said data tampering may go back 10 years. *Kobe still trying to nail down extent of tampering- source. Japan's No.3 steelmaker is still trying to nail down the extent of the tampering, said the source, requesting anonymity because he was not authorized to speak to the media.

  • LAUNCESTON, Australia, Oct 17- The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on...

  • *Kobe previously said data tampering may go back 10 years. Japan's No.3 steelmaker is still trying to nail down the extent of the tampering, said the source, requesting anonymity because he was not authorized to speak to the media. The revelations made on Oct. 8 have sent shockwaves through supply chains around the world ensnaring companies from operators of...

  • *Kobe previously said data tampering may go back 10 years. *Kobe still trying to nail down extent of tampering- source. The revelations have sent shockwaves through supply chains around the world and hammered Kobe shares, which fell to near five-year lows on Monday on worries about the financial and legal fallout of the cheating scandal.

  • Oct 17- Japan's Kobe Steel Ltd falsified product quality data well beyond the roughly 10- year time frame given by the steelmaker, the Nikkei financial daily reported, citing a source with knowledge of the situation. Kobe Steel Chief Executive Hiroya Kawasaki on Friday said about 500 companies had received its falsely certified products, more than double its...

  • TOKYO, Oct 13- The cheating crisis engulfing Kobe Steel Ltd just got bigger. The scale of the misconduct at Japan's third-largest steelmaker pummelled its shares as investors, worried about the financial impact and legal fallout, wiped about $1.8 billion off its market value this week. As the company revealed tampering of more products, the crisis has rippled...

  • BRUSSELS, Oct 16- Global steel demand growth is expected to slow to 1.6 percent next year, after strong growth in 2017 driven by demand from top consumer China, the World Steel Association said on Monday. However, it added: "In 2018 we expect growth to moderate, mainly due to slower growth in China." China this year closed most of its outdated and in many cases illegal...

  • TOKYO, Oct 16- Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd in crisis and ensnared hundreds of firms, the embattled steelmaker's shares skidded to five-year lows on Monday as investors worried about the financial and legal fallout. Shares of Japan's third-biggest steelmaker hit 774.0 yen in the morning, the lowest...

  • *China cbank gov sees 7 pct growth in H2, stronger than expected. *China retail sales have been growing above 10 pct since March. While China produced forecast-beating growth of 6.9 percent in the first half, many economists and investors had expected momentum would start to fade later in the year.

  • *China cbank gov sees 7 pct growth in H2, stronger than expected. *China retail sales have been growing above 10 pct since March. SHANGHAI/ BEIJING, Oct 16- China's economy is expected to grow 7 percent in the second half of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations for a slowdown.

  • TOKYO, Oct 16- Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared hundreds of firms and left investors fearing for the financial and legal fallout. Shares of Japan's third-biggest steelmaker were down 0.12 percent at 804 yen by the end of the morning session after...