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Metals and Mining Steel Producers

  • Trump: Seek probe of foreign steel's effect on national security

    President Donald Trump makes remarks after meeting with steel CEOs at the White House.

  • Former Nucor CEO: China's excess steel capacity has global impact

    Dan DiMicco, Nucor chairman emeritus and former CEO, discusses the global steel trade as President Trump meets with steel executives at the White House.

  • Trump to meet with steel CEOs at White House

    CNBC's Eamon Javers reports President Trump is meeting with top corporate leaders in the steel industry today.

  • MOSCOW, April 20- Severstal, one of Russia's biggest steelmakers, said on Thursday its core earnings more than doubled in the first quarter as it benefited from a rebound in metals prices, although the result lagged market expectations. Earnings before interest, taxation, depreciation and amortization totalled $578 million, up from $273 million in the first...

  • MOSCOW, April 20- Leonid Mikhelson, co-owner of Russian gas producer Novatek, has topped Russia's rich list for a second year running with an estimated wealth of $18.4 billion, the Russian edition of Forbes reported on Thursday. It said that Mikhelson, 61, had increased his wealth by $4 billion year-on-year, putting him at the head of the financial magazine's 2017...

  • MOSCOW, April 20- Severstal, one of Russia's biggest steelmakers, said on Thursday its core earnings more than doubled in the first quarter as it benefited from rebounding metals prices, although its results lagged market expectations. Earnings before interest, taxation, depreciation and amortisation totalled $578 million, up from $273 million in the first...

  • U.S. President Donald Trump in the Roosevelt Room at the White House on April 19, 2017.

    The directive asks for a probe into whether imports of foreign-made steel hurts U.S. national security.

  • Trump to meet with steel CEOs Thursday

    CNBC's Ylan Mui reports that President Trump will meet with steel industry executives at the White to discuss the use of U.S. steel and trade.

  • SAO PAULO, April 19- Usinas Siderúrgicas de Minas Gerais SA, Brazil's largest listed flat steelmaker, said on Wednesday that unaudited net income totaled 108 million reais in the first quarter. In a securities filing, Usiminas said the result remains subject to changes because of potential accounting adjustments and auditing revisions.

  • LONDON, April 19- Copper rebounded on Wednesday from a 14- week low as investors judged that a sell-off in industrial metals sparked by political uncertainties ranging from North Korea to a snap UK general election had been overdone. *LME COPPER: Three-month copper on the London Metal Exchange was up 1.1 percent at $5,635 a tonne at 1059 GMT.

  • MELBOURNE, April 19- London copper climbed away from its weakest since January as the dollar dropped on Wednesday, but concerns China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices capped gains. *SHFE: Shanghai Futures Exchange copper cut losses to 1 percent at 45,840 yuan a tonne, after dipping as low as 45,110...

  • MELBOURNE, April 19- London copper hovered close to its weakest since January on Wednesday, on concerns China's base metals demand could temper in the coming quarter following a wobble in steel. *Shanghai zinc declined 3.8 percent, following similar losses in London overnight, while Shfe nickel fell 3 percent, having tracked a steep slide on the LME in the...

  • DETROIT/ NEW YORK, April 18- U.S. Bill Hickey, president of Chicago- based Lapham-Hickey Steel, which has seven steel mills in the Midwest and Northeast, said he has heard talk of "Buy American" for decades, but American or foreign contractors frequently find loopholes to use imported steel. Charles Bradford of Bradford Research said focusing on "Buy American" for U.S....

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • SYDNEY, April 18- Shanghai aluminum retreated on Tuesday but retained most of its gains from the previous day's session on signs of robust demand in China and production cuts. "Shanghai saw some profit-taking in aluminum after Monday's gains, but the fundamentals are still in place," a commodities trader said. Shanghai Futures Exchange aluminum settled 0.28...

  • SYDNEY, April 18- Shanghai aluminium retreated on Tuesday but retained most of its gains from the previous day's session on signs of robust demand in China and production cuts. "Shanghai saw some profit-taking in aluminium after Monday's gains, but the fundamentals are still in place," a commodities trader said. Shanghai Futures Exchange aluminium settled 0.28...

  • *Earnings estimate cut to A $800 mln- A $850 mln. *Down from A $900 mln- A $950 mln due to revenue loss, repairs. "This was much bigger than we expected," Shaw and Partners analyst Peter O'Connor said.

  • SHANGHAI, April 18- China's main stock indexes fell for the third session in a row on Tuesday amid worries over increasing regulation and the sustainability of the country's economic growth. Developer China Fortune Land, cement maker Tangshan Jidong Cement and steelmaker Hesteel have retreated around 20 percent from recent highs. "Quite a few people believe...

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • BEIJING, April 18- A recovery in China's industrial sector, which accounts for about one-third of the economy, drove China's better-than-expected first quarter economic growth as export orders picked up and steel output hit a record. Data on Tuesday from the National Bureau of Statistics showed the industrial sector grew 6.5 percent in the first quarter from...