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Metals and Mining Steel Producers

  • *Wall Street seen flat after slight fall in European shares. LONDON, Sept 20- World stocks eked out a record high on Wednesday and the dollar dipped against major rivals with the focus on a U.S. Wall Street was set to open flat, index futures indicated, as European shares edged lower.

  • LONDON, Sept 20- Aluminum soared to its highest in five years on Wednesday on reports that China's mammoth producer Chinalco was cutting output two months early and would soon pare back stocks of available metal. "China is making an effort to make efforts to cut back ahead of the winter months," Natixis analyst Bernard Dahdah. CHINA OUTPUT: China's aluminum...

  • *Expect annual synergies of 400- 600 million euros. ESSEN, Germany, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations in a preliminary deal that would create the continent's No.2 steelmaker after ArcelorMittal. The companies say they need to consolidate to address overcapacity in the European...

  • BERLIN, Sept 20- German Economy Minister Brigitte Zypries said on Wednesday that employees were not yet convinced about plans for Germany's Thyssenkrupp and India's Tata Steel to merge and added that all affected parties needed to accept any deal. Thyssenkrupp and Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in...

  • BERLIN, Sept 20- German Labour Minister Andrea Nahles said on Wednesday that a merger between Germany's Thyssenkrupp and India's Tata Steel should not happen at any cost and the headquarters needed to be in Germany if it did happen. The sites in Germany must be maintained and compulsory redundancies must be ruled out, "Nahles said in an emailed statement, adding...

  • *Expect annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal. The companies say they need to consolidate to address overcapacity in the...

  • *STOXX 600 flat, Euro zone blue chips down 0.1 pct. *Banks decline ahead of Fed. LONDON, Sept 20- European stocks hovered in cautious trade on Wednesday ahead of a policy decision by the U.S.

  • MELBOURNE, Sept 20- London aluminum struck its highest in five years on Wednesday on prospects that China's winter production are starting early and will soon pare back stocks of available metal. "For aluminum, certainly this is related to China's winter production cuts," said analyst Helen Lau at broker Argonaut Securities in Hong Kong. China has launched an...

  • BERLIN— Germany's Thyssenkrupp and Tata Steel of India signed a preliminary deal on Wednesday to merge their European steel operations, a combination that could lead to up to 4,000 job cuts. The new entity is to be called Thyssenkrupp Tata Steel and be managed by what Thyssenkrupp called a "lean holding company" based in the Netherlands. "We will not be putting any...

  • LONDON, Sept 20- European stocks continued to trade cautiously in early deals on Wednesday ahead of a policy decision by the U.S. Deal-making was also in focus in Europe, with shares in steelmaker Thyssenkrupp rising 5 percent after it struck a preliminary deal with India's Tata Steel to merge their European steel operations in a 50-50 joint venture.

  • LONDON, Sept 20- European stocks continued to trade cautiously in early deals on Wednesday ahead of a policy decision by the U.S. Deal-making was also in focus in Europe, with shares in steelmaker Thyssenkrupp rising 5 percent after it struck a preliminary deal with India's Tata Steel to merge their European steel operations in a 50-50 joint venture.

  • *Expect annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal. Thyssenkrupp shares were indicated up more than 5 percent in pre-market...

  • An employee beside a blast furnace cast house at ThyssenKrupp AG's steel plant in Duisburg, Germany.

    Thyssenkrupp and Indian peer Tata Steel struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture.

  • *See annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal. The MoU, widely expected after Thyssenkrupp last week said a deal could still...

  • MELBOURNE, Sept 20- London metals were trapped in a tight range on Wednesday ahead of a U.S. *LEAD PREMIUMS: Premiums for LME lead in China's bonded zones jumped $10 to $170- $190 amid tightening domestic supply. Lead imports to China have been profitable since early August, fuelled partly by environmental inspections that caused some plants to shut and solid...

  • MOSCOW, Sept 19- Severstal, one of Russia's largest steelmakers, told Reuters it expects to exceed its 2017 earnings target as it benefits from rising prices for its products. Russian steelmakers such as Severstal and market leader NLMK struggled over the last two years as world steel prices plumbed 11- year lows and Russia's economic crisis sapped domestic...

  • LONDON, Sept 19- Nickel prices fell on Tuesday towards the one-month lows hit last week as funds took profits, but concern about supplies from the Philippines and healthy demand, particularly from Chinese stainless steel mills, are expected to lend support. down 2 percent at $11,015 a tonne at 1007 GMT from an earlier $10,945. "Nickel rose about 40 percent between...

  • SAO PAULO, Sept 18- Latin American currencies weakened on Monday as traders focused on this week's meeting of the U.S. Federal Reserve, which is expected to announce it will begin trimming its massive portfolio. Brazil's benchmark Bovespa stock index, however, rose past the 76,000 milestone for the first time as hopes that President Michel Temer would implement...

  • Oracle Corp., down $4.05 to $48.74. Nucor Corp., down 46 cents to $53.50. Fiesta Restaurant Group Inc., up $1.20 to $18.15.

  • LONDON, Sept 15- Copper was steady on Friday, helped by a weaker dollar but still recorded its biggest weekly price fall since March as investors took profits from a speculative rally to three-year highs. While some investors booked profits, supply deficits and solid demand for metals in top consumer China were expected to keep prices around current levels, ABN...