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Metals and Mining Steel Producers

  • Mounds of coking coal sit piled near the blast furnace at the AK Steel mill in Middletown, Ohio.

    Bullish MKM Partners points to AK Steel as representative for the high volume of options trading in steel stocks.

  • MELBOURNE/ SYDNEY, July 12- Copper prices climbed in Asia to the highest in more than a week on Wednesday, spurred that could further crimp mine supply. Workers also voted this week to approve a strike at a mine in Chile, following industrial disputes earlier in the year in Indonesia and at the world's biggest copper mine, also in Chile, that have whittled down copper...

  • SYDNEY, July 12- Copper prices climbed in Asia to the highest in more than one week on Wednesday amid a weaker U.S. dollar and concerns about industrial action that could further crimp mine supply. Meanwhile, workers voted to approve a strike at a mine in Chile, following industrial disputes in Indonesia and at the world's biggest copper mine, also in Chile, earlier...

  • LONDON/ BENGALURU, July 11- India's Tata Steel said on Tuesday it had agreed to sell its pipe mills in the north of England to UK- based metals and industrial group Liberty House for an undisclosed sum. "With this sale, Tata Steel UK will complete its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot," said Bimlendra Jha, CEO of...

  • LONDON, July 10- European steel association Eurofer raised its 2017 EU steel demand forecast on Monday but said isolationist measures such as a U.S. plan to levy steel tariffs on national security grounds could be disastrous for global trade flows. "With no structural solutions for the underlying problem of global overcapacity in sight, the number of...

  • *China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

  • *China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

  • NEW YORK, July 7- Traders in the options market are betting that shares of U.S. steel makers will get a boost when the U.S. Commerce Department unveils findings from its investigation into cheap steel imports, according to data and analysts on Friday. Secretary of Commerce Wilbur Ross is expected to announce the outcome of the steel inquiry after Trump has spoken...

  • LONDON, July 7- The zinc funds-fundamentals pendulum has swung again. Back in May funds were beating a collective retreat from the London zinc market after a second failed attempt at the big-number $3,000- per tonne resistance level. The London Metal Exchange three-month price troughed at $2,427.50 on June 7, since when it has bounced back to a current $2,783.00.

  • *China steel scrap supply up nearly fourfold last year from 2002. *Iron ore miner not threatened by rising China scrap use. MANILA/ BEIJING, July 5- China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.

  • *China steel scrap supply up nearly fourfold last year from 2002. *Iron ore miner not threatened by rising China scrap use. MANILA/ BEIJING, July 5- China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.

  • SAO PAULO, July 4- Latin American stocks and currencies were little changed on Tuesday as a U.S. holiday curbed trading volumes and kept many traders away, while lower commodity prices weighed on demand for risky assets in the region. Shares of miners and steelmakers, including Brazil's Vale SA and Usinas Siderúrgicas de Minas Gerais SA, followed iron ore prices...

  • LONDON, July 4- Nickel prices fell on Tuesday on expectations of plentiful supply from Indonesia and the Philippines, while industrial metals were mostly lower as investors took profits following a recent rally. Metals had been bolstered on Monday by strong manufacturing data in China, but Capital Economics analyst Caroline Bain said broader data pointed to...

  • SAO PAULO, July 4- Latin American stocks and currencies changed little on Tuesday as a U.S. holiday curbed trading volumes, while lower commodity prices weighed on demand for risky assets. Shares of miners and steelmakers, such as Brazil's Vale SA and Usinas Siderúrgicas de Minas Gerais SA, followed iron ore prices lower, capping gains on the country's benchmark...

  • *Concerned about UK political uncertainty, union opposition. LONDON, July 4- Germany's Thyssenkrupp is optimistic about progress made by Tata Steel to restructure its UK pensions liabilities, investors and analysts say, but there are still issues to overcome before the two can merge their European steel assets. India- based Tata said in May it had agreed the main...

  • *Concerned about UK political uncertainty, union opposition. LONDON, July 4- Germany's Thyssenkrupp is optimistic about progress made by Tata Steel to restructure its UK pensions liabilities, investors and analysts say, but there are still issues to overcome before the two firms can merge their European steel assets. India- based Tata said in May it had agreed...

  • LONDON, July 4- Industrial metals fell on Tuesday as investors took profits following a recent rally, while expectations of plentiful supply from Indonesia and the Philippines pushed nickel prices down by the most since May 24. Metals had been bolstered on Monday by strong manufacturing data in China, but Capital Economics analyst Caroline Bain said broader...

  • Cemmerce Department investigating steel import impact on security

    CNBC's Ylan Mui reports on the Trump administration's views on steel imports.

  • Trump meets with South Korean President Moon

    CNBC's Eamon Javers reports on remarks by President Trump and South Korean President Moon at the White House on their trade relationship.

  • Trump and a small group of his advisers made clear at a meeting of top officials at the White House on Monday that they want to impose tariffs on steel and likely other imports, according to a report from news website Axios that cites anonymous sources. The White House expects to delay the release of the highly anticipated "Section 232" study until after Trump has...