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Metals and Mining Steel Producers

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save a global pact against climate change from which U.S. As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also address North Korea's missile tests and global steel...

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save an international pact against climate change from which U.S. As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also discuss North Korea's missile tests and global steel...

  • SYDNEY/ TOKYO, June 1- Talks between Australian miners and Japanese steelmakers over coking coal supplies have stalled as the Japanese companies are pushing to move to more flexible arrangements from the current quarterly fixed-price terms. While none of the companies involved has publicly stated the precise changes being sought, several industry sources...

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save an international pact against climate change from which U.S. In a statement backed by all 28 EU states, the European Union and China will commit to full implementation of the Paris Climate Agreement, EU and Chinese officials said. "The EU and China consider climate action and the clean energy...

  • SYDNEY, June 1- Nickel prices fell further on Thursday to hover around 11- month lows, dragged down by worries about oversupply and fears of tepid demand from steel mills in top metals consumer China. *SHANGHAI NICKEL: Shanghai Futures Exchange nickel was trading down 0.74 percent, after dropping 3.4 percent in the previous session. *PHILIPPINES: President...

  • MOSCOW, May 31- Russian metals and mining group Mechel said on Wednesday its net profit jumped to 13.9 billion roubles in the first quarter on the back of higher prices for its products. The company, controlled by businessman Igor Zyuzin, reported a net profit of just 312 million roubles in the first quarter of last year. "Our net profit attributable to equity...

  • MOSCOW, May 31- Russian metals and mining giant Mechel said on Wednesday its net profit jumped to 13.9 billion roubles in the first quarter, compared with a profit of 312 million roubles in the same period last year. Mechel's net debt, excluding fines and penalties on overdue amounts, totalled 458.9 billion roubles as of March 31, down from 469.2 billion roubles at...

  • LONDON, May 31- Nickel prices tumbled to 11- month lows on Wednesday on investor concern over rising supply from top producers Indonesia and the Philippines as well as weak demand from stainless steel mills in China. "People are looking at the potential for higher supplies from Indonesia and the Philippines and getting very bearish," said Societe Generale...

  • HONG KONG, May 31- Asian stocks held steady on Wednesday, capping a fifth consecutive month of gains as data showed China's factory activity grew at a steady clip this month, reassuring investors worried about a slowdown in the world's second-biggest economy. MSCI's broadest index of Asia-Pacific shares outside Japan was broadly flat on Wednesday as Chinese...

  • *China May official manufacturing PMI 51.2. *China May official services PMI 54.5. BEIJING, May 31- China's manufacturing and services sectors expanded at a solid pace in May thanks to robust construction and infrastructure investment, welcome news for authorities trying to strike a balance between maintaining stable economic growth and defusing debt risks.

  • *Dalian iron ore futures trading volume highest in 13 months. MANILA, May 31- A stubborn glut and selling by Chinese speculators have slashed iron ore prices this year, with traders and industry officials predicting further declines as memories fade of the steelmaking commodity's stunning recovery in 2016.. Weaker prices could also hit marginal suppliers...

  • *China steel demand may slow as summer sets in- CRU. MANILA/ BEIJING, May 31- Activity in China's steel industry expanded at the fastest pace in a year in May, industry data showed on Wednesday, with a rise in new orders giving mills in the world's top producer incentive to further ramp up output. China, which makes about half of the world's steel, produced a record volume...

  • HONG KONG, May 31- Asian stocks climbed on Wednesday, capping a fifth consecutive month of gains, as data showed China's factory activity grew at a steady clip this month, bucking expectations of a slowdown. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent on Wednesday, with Chinese stocks leading the region higher as investors...

  • *China May official manufacturing PMI 51.2. *China May official services PMI 54.5. BEIJING, May 31- China manufacturing sector grew faster than expected in May as activity in the steel industry rebounded sharply, an official survey showed on Wednesday, allaying concerns of slowing economic momentum as Beijing cracks down on financial risks.

  • MANILA, May 31- Activity in China's steel industry expanded at the fastest pace in a year in May, supported by an increase in new orders, industry data showed on Wednesday.

  • ROME, May 26- ArcelorMittal, the world's biggest steelmaker, and Italian industrial group Marcegaglia have won a bid to buy the troubled Ilva steel plant in southern Italy, a source with knowledge of the matter said on Friday. A representative for ArcelorMittal in Italy declined to comment until after Italy's industry ministry ratifies the decision.

  • *Europe stocks near highs; miners, energy weigh. NEW YORK, May 25- World stock markets scaled fresh highs on Thursday, with key U.S. indexes lifted by rosy retailer results, while the U.S. dollar dipped and oil prices fell after top oil producers extended output cuts for a shorter period than expected. Oil prices fell as OPEC prepared to extend supply curbs by nine...

  • *Wall Street seen opening higher, VIX lowest since May 10. *Oil up as OPEC agrees to extend output cuts, some expected more. Index futures indicated Wall Street would open higher, building on Wednesday's record closing high in the S&P 500.

  • LONDON, May 25- European shares struggled to keep gains on Thursday in choppy trade as falls in commodity-facing firms weighed, with investors hunting for fresh direction in the aftermath of Europe's blistering first quarter earnings season. James Butterfill, head of research and investment strategy at ETF Securities, said that now the earnings season is...

  • Motorcycle maker Harley-Davidson said on Thursday it will build a plant in Thailand to serve the growing Southeast Asian market.