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Metals and Mining Steel Producers

  • President Donald Trump will use the premise of a national security review of the U.S. steel industry to demand action by the Group of 20 leaders to reduce excess capacity and other distortions in the global steel market, the top White House economic adviser said on Thursday. National Economic Council director Gary Cohn told reporters that it was unclear when...

  • WASHINGTON, June 29- President Donald Trump will use the premise of a national security review of the U.S. steel industry to demand concrete actions by Group of 20 leaders to reduce excess capacity and other distortions in the global steel market, the top White House economic adviser said on Thursday. National Economic Council director Gary Cohn told reporters...

  • MOSCOW, June 29- Computers at Russian state gas giant Gazprom were infected as part of a global cyber attack on Tuesday, a government official and a person investigating the incident told Reuters. The computer virus, which researchers are calling GoldenEye or Petya, has wreaked havoc on firms around the world as it spread to more than 60 countries.

  • June 29- Japan is planning a wave of new coal-fired power plants as it struggles to revive its nuclear industry which is still mostly shut down in the wake of the Fukushima disaster in 2011. Nuclear power contributed nearly a third of total electricity generated before the catastrophe. Japan had a total 90 coal-fired units at the end of March 2016, with total...

  • *Attack spread worldwide from Ukraine. FRANKFURT/ WASHINGTON, June 28- A computer virus wreaked havoc on firms around the globe on Wednesday as it spread to more than 60 countries, disrupting ports from Mumbai to Los Angeles and halting work at a chocolate factory in Australia. The virus, which researchers are calling GoldenEye or Petya, began its spread on Tuesday...

  • *Attack first took hold in Ukraine, spread worldwide. FRANKFURT/ MOSCOW/ KIEV, June 28- A new cyber virus spread from Ukraine to wreak havoc around the globe on Wednesday, crippling thousands of computers, disrupting ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday...

  • *Attack first took hold in Ukraine, spread worldwide. FRANKFURT/ MOSCOW/ KIEV, June 28- A new cyber virus spread from Ukraine to wreak havoc around the globe on Wednesday, crippling thousands of computers, disrupting ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday...

  • *Attack first took hold in Ukraine, spread worldwide. FRANKFURT/ MOSCOW/ KIEV, June 28- A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. Ukraine, the epicentre of the cyber strike, has repeatedly accused...

  • FRANKFURT/ MOSCOW/ KIEV, June 28- A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday in Ukraine where it silently infected computers after users...

  • June 27- A global ransomware attack on Tuesday hit computers at Russia's biggest oil company, Ukraine's international airport, global shipping firm A.P. Russia's top oil producer Rosneft said its servers had been hit been a large-scale cyber attack but its oil production was unaffected. Russia's central bank said there had been "computer attacks" on Russian...

  • BERLIN, June 27- The United States might have no choice but to resort to "broad-scale" measures to fight steel dumping should its partners fail to help find a common solution to the problem, U.S. Ross, speaking via live stream to an economic event in Berlin attended by Chancellor Angela Merkel, said that even countries that were not direct sources of dumping could...

  • June 27- A global ransomware attack on Tuesday hit computers at Russia's biggest oil company, Ukraine's international airport, global shipping firm A.P. Russia's top oil producer Rosneft said its servers had been hit been a large-scale cyber attack but its oil production was unaffected. Russia's central bank said there had been "computer attacks" on Russian...

  • MOSCOW, June 27- Russian steelmaker Evraz said on Tuesday its information systems had been hit by a cyber attack but its output was not affected.

  • MOSCOW, June 27- Russian steelmaker Evraz said on Tuesday that its information systems had been hit by a cyber attack, RIA news agency reported, citing a Evraz representative.

  • LONDON, June 27- Zinc touched a near three-month high on Tuesday as the dollar lost its luster, exchange stockpiles fell and expectations of stronger demand from Chinese steelmakers rose. Earlier the metal used to galvanize steel hit $2,750 per tonne, its highest since April 7. Total stocks at eight-year lows are also down 35 percent since October. CHINA ZINC:...

  • LONDON, June 27- Zinc touched a near three-month high on Tuesday as the dollar lost its luster, exchange stockpiles fell and expectations of stronger demand from Chinese steelmakers rose. Benchmark zinc on the London Metal Exchange rose 0.7 percent to $2,737 per tonne at 1104 GMT. Total stocks at eight-year lows are also down 35 percent since October. CHINA ZINC:...

  • SAO PAULO, June 26- Brazil and Mexico's currencies strengthened on Monday after weaker-than-expected U.S. manufacturing data bolstered bets that the U.S. Traders will look for further clues on the U.S. central bank's outlook on Tuesday, when Fed Chair Janet Yellen is due to deliver a widely anticipated speech in Europe. Brazil's benchmark Bovespa stock index...

  • SAO PAULO, June 26- Brazilian and Mexican currencies strengthened on Monday after weaker-than-expected U.S. manufacturing data bolstered bets that the U.S. Traders will look for further clues on the U.S. central bank's outlook on Tuesday, when Fed Chair Janet Yellen is scheduled to deliver a widely anticipated speech in Europe. Shares of steelmakers, such as...

  • BRUSSELS, June 26- The European Union would retaliate if European steelmakers suffered collateral damage from import restrictions the administration of U.S. President Donald Trump is considering, EU trade chief Cecilia Malmstrom said on Monday. The focus is mainly cheap imports from China, but EU Trade Commissioner Malmstrom said EU industry could be...

  • Bold call on steel stocks

    Jorge Beristain, Deutsche Bank analyst, weighs in on steel stocks.