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Metals and Mining Steel Producers

  • Trump is weighing a list of options presented a month ago by the U.S. Commerce Department in a "Section 232" trade case looking at whether restrictions on steel and aluminum are needed to protect national security. Trump now has until around April 11 to decide whether to impose steel restrictions, and April 20 to decide on aluminum restrictions.

  • "The president will hear from bipartisan members of Congress across the spectrum of opinions on trade matters, including the pending 232 cases on steel and aluminum," said White House spokeswoman Lindsay Walters. Senator Sherrod Brown, an Ohio Democrat, said Brown and his Ohio Republican colleague, Rob Portman, will be among the group to meet Trump at the White...

  • *FTSE 100 up 1.2 pct at close. *Fortnight of market stress wiped 147 bln off FTSE 100. The FTSE 100 was up 1.2 percent at 7,177.06 points at its close, regaining some of last week's losses but still near a 13- month low.

  • LONDON, Feb 12- Tata Steel will finance the repair of a blast furnace at Britain's largest steelworks in Port Talbot, Wales, extending its life by seven years and soothing concerns about its commitment to Europe's steel sector, four sources told Reuters. India's Tata Steel signed a preliminary deal last year to merge its European steel assets with those of...

  • *FTSE 100 up 1.3 pct. *Fortnight of market stress wiped 147 bln off FTSE 100. The FTSE 100 was up 1.3 percent by 0930 GMT, clawing back some of last week's losses but still near a 13- month low.

  • TOKYO, Feb 9- Nippon Steel& Sumitomo Metal said on Friday it has agreed new governance rules at Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais with co-owner Ternium SA in a bid to end their long-standing dispute. More than three years of boardroom fights between Nippon Steel and Ternium for control of Usiminas have distracted management and...

  • BRUSSELS, Feb 8- The European Union has set import duties on Chinese corrosion-resistant steel to counter what it says are unfairly low prices, the latest in a series of measures against Chinese products and steel in particular. The European Commission, which is responsible for trade policy in the European Union, opened an investigation in December 2016...

  • Chinese export data artificially boosted by Lunar New Year falling later

    Duncan Wrigley, chief strategist at Everbright Sun Hung Kai, discusses the latest Chinese trade data.

  • BEIJING, Feb 8- China's oil imports hit a record high in January and other key commodity shipments jumped, buoyed by freezing winter weather and stockpiling ahead of Lunar New Year celebrations later this month. The boost came as China's overall imports surged by 36.9 percent year-on-year last month, according to General Administration of Customs data, while...

  • *China imported 100 mln T of iron ore in January. SHANGHAI/ MANILA, Feb 8- China's iron ore imports jumped to the second highest level on record in January as the world's top buyer built stockpiles ahead of the Lunar New Year holiday and the lifting of steel production curbs next month. "There's also strong demand, restocking before the holiday and some mills were also...

  • *China imported 100 mln T of iron ore in January. SHANGHAI, Feb 8- China's iron ore imports jumped to the second highest level on record in January as the world's top buyer built stockpiles ahead of the Lunar New Year holiday and the lifting of steel production curbs next month. "There's also strong demand, restocking before the holiday and some mills were also...

  • By Melanie Burton and Barbara Lewis. MELBOURNE/ CAPE TOWN, Feb 7- Rio Tinto handed out a record dividend on Wednesday and predicted global manufacturing growth would drive further returns after stronger commodity prices helped the miner to its highest annual profit in three years. Rio, which also announced an additional $1 billion share buyback, reported a 69...

  • *China to release trade figures on Thursday. MANILA, Feb 7- China's iron ore imports recovered in January to one of the highest levels on record, Thomson Reuters ship-tracking data showed, as steel producers replenished inventories ahead of a week-long holiday and the end of steel output curbs next month. The January figure is up from December's 84.14 million...

  • MELBOURNE, Feb 7- Rio Tinto handed shareholders a record annual dividend on Wednesday as stronger commodity prices helped the global miner to its highest annual profit in three years, and pointed to strong momentum for the global economy. Rio, which also announced an additional $1 billion share buyback, reported a 69 percent jump in underlying earnings for...

  • *Coke hits six-week high on supply disruptions in China. *Markets elsewhere tumble after Wall Street's slide. MANILA, Feb 6- Steelmaking commodity coke surged to a six-week high in China on Tuesday, and steel and iron ore prices rose to their strongest in over a week, as investors defied a global financial selloff and raised their bets amid supply disruptions.

  • *Coke hits six-week high on supply disruptions in China. *Markets elsewhere tumble after Wall Street's slide. MANILA, Feb 6- Steelmaking commodity coke surged to a six-week high in China on Tuesday, and steel and iron ore prices rose to their strongest in over a week, with investors raising their bets amid supply disruptions and defying a selldown in global...

  • LONDON, Feb 5- Copper hit a three-week high on Monday as the dollar rally paused and the balance of supply and demand looked to stay relatively tight, while nickel climbed after posting its largest daily loss in two months on Friday. COPPER, NICKEL PRICES: London Metal Exchange copper closed up 1.8 percent at $7,169 a tonne, having hit its highest since mid-January...

  • LONDON, Feb 5- Copper rose on Monday as the dollar paused after rebounding last week thanks to strong U.S. jobs data, while nickel climbed after posting its largest daily loss in two months in the previous session. COPPER, NICKEL PRICES: London Metal Exchange copper was up 1 percent at $7,113.50 a tonne, while nickel rose 1 percent to $13,570 a tonne, having fallen 4...

  • *Group comprising some Bhushan Steel employees also bids. *Bhushan Steel faces highest claims among 12 big bankruptcy cases. MUMBAI, Feb 5- Indian steelmakers JSW Steel and Tata Steel have bid for Bhushan Steel& Power which is being pursued by creditors in bankruptcy court, three people familiar with the bidding process said on Monday.

  • Feb 5- China has launched an anti-dumping and anti-subsidy investigation into imports of sorghum from the United States, a move expected to immediately hit demand for the upcoming U.S. sorghum crop and send shivers through the entire U.S. farm sector. The investigation should be complete by Feb. 4, 2019, but could be extended until Aug. 4, 2019.