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Metals and Mining Steel Producers

  • *China shifting to higher grade ore. SYDNEY/ LONDON, Aug 2- Global miner Rio Tinto more than doubled its first-half profit buoyed by Chinese iron ore demand and rewarded shareholders with a record interim dividend and $1 billion in share buybacks. "Beyond China, global economies have both improved in Europe and the U.S."

  • SYDNEY/ LONDON, Aug 2- Global miner Rio Tinto more than doubled its first-half profit and rewarded shareholders with a record interim dividend and a further $1 billion in share buybacks, citing strong demand for industrial commodities. Underlying earnings for the six months to June 30 of $3.94 billion missed forecasts for $4.19 billion, according to Thomson...

  • LAUNCESTON, Australia, Aug 1- China's surging steel sector is pulling iron ore along for the ride, but the strong gain in prices raises the risk that marginal supply of the raw material will start to flow into what is already a well-supplied market. Steel prices in Shanghai received another boost on Monday on the back of an increase in China's Purchasing Managers'...

  • The main risks to their earnings outlook would be any impact on the economy in China, the world's biggest steel producer and consumer, from policy changes after the 19th National Congress of the Chinese Communist Party later this year, or any action taken by the U.S. government to curb its steel imports. "Japanese steelmakers will enjoy good results this year as...

  • *Copper rally spurred by news China may ban scrap imports. *Tin supported by reports of China smelter shutdowns. LONDON, Aug 1- Copper prices held near two-year highs on Tuesday, supported by expectations of stronger demand from top consumer China, where a government-led infrastructure push has led to robust activity in the construction sector.

  • LAUNCESTON, Australia, Aug 1- China's surging steel sector is pulling iron ore along for the ride, but the strong gain in prices raises the risk that marginal supply of the raw material will start to flow into what is already a well-supplied market. Steel prices in Shanghai received another boost on Monday on the back of an increase in China's Purchasing Managers'...

  • LONDON, July 31- Copper has finally emerged from its extended winter hibernation, breaking out of an eight-month trading range to hit two-year highs. China is the world's largest importer of scrap metal, sucking in more than three million tonnes a year to supplement its copper needs. Graphic on China's imports of copper scrap:.

  • LONDON, July 31- Copper has finally emerged from its extended winter hibernation, breaking out of an eight-month trading range to hit two-year highs. China is the world's largest importer of scrap metal, sucking in more than three million tonnes a year to supplement its copper needs. Graphic on China's imports of copper scrap:.

  • BEIJING, July 31- China's iron ore futures surged nearly 8 percent on Monday, hitting their trade limit-up with their best daily performance since November 2016, underscoring concerns over tight supply amid environmental inspections and strong restocking demand. Production in some mines, processing plants and mills are being disrupted, "said an iron ore...

  • MELBOURNE, July 31- London copper rallied to its highest since more than two years on Monday after manufacturing data from top user China confirmed growth tempered slightly but stayed firm in July. "It's still a strong figure," said Amy Li of the National Australia bank in Melbourne, adding that policy makers were likely to ensure smooth sailing for China's...

  • *Seiko Epson soars ahead of its addition to Nikkei on Aug 1. *NT ratio at its lowest since April 2016 as small caps outperform. TOKYO, July 31- Japan's Nikkei ended slightly softer on Monday and at 6-1/ 2- week lows as a sell-off in index heavyweight stocks SoftBank and Fanuc offset gains in steelmakers and other companies with upbeat earnings.

  • MELBOURNE, July 31- London copper rallied to within a whisker of its highest in more than two years on Monday after manufacturing data from top user China confirmed growth tempered slightly but stayed firm in July. Growth in China's manufacturing sector cooled slightly in July as foreign demand for Chinese goods slackened, but a government-led...

  • SHANGHAI, July 29- China shut 42.39 million tonnes of crude steel capacity in the first half of 2017, equal to 84 percent of its target for the whole year, a government official said at a meeting of the country's steel industry body on Friday. The country has essentially completed its five-year target, set last year, to cut between 100 million and 150 million tonnes...

  • Cramer's Exec Cut: CEOs tell Cramer how global trade works under the Trump administration

    Jim Cramer speaks with executives of companies from Citigroup to Hasbro about the changing world of global trade.

  • PARIS, July 27- Eramet pledged further cost cuts after its nickel division suffered more losses in the first half of the year and said it would shift strategy by entering the lower-grade nickel pig iron market via a mining project in Indonesia. Like other nickel miners, Eramet has been grappling with persistent weakness in market prices, partly due to moves by...

  • MOSCOW, July 27- Russia's biggest steelmaker NLMK said on Thursday its second-quarter core earnings increased 31 percent year-on-year, supported by higher prices for its products, but falling short of market expectations. NLMK, controlled by Russian billionaire Vladimir Lisin, said its earnings before interest, tax, depreciation and amortisation totalled...

  • Jim Cramer pinpoints five stocks that are bouncing back after being written off by Wall Street.

  • Cramer finds

    Jim Cramer pinpoints five stocks that are bouncing back after being written off by Wall Street.

  • A McDonald's restaurant in Sydney, Australia.

    Jim Cramer pinpoints five stocks that are bouncing back after being written off by Wall Street.

  • The company's earnings power is solid as U.S. steel prices are high, says Andrew Lane at Morningstar.