×

Metals and Mining Steel Producers

  • *Dispute highlights wider concerns over pollution in Vietnam. HANOI, July 21- Vietnamese villagers blockading a textile plant that serves global fashion brands are seeking the permanent closure of the factory due to pollution concerns, highlighting a growing readiness in Vietnam to campaign over environmental issues. The blockade marks another challenge...

  • BEIJING, July 21- China's steel rebar futures fell for a second day on Friday on mounting concern that rising output from mills seeking to cash in on higher prices has glutted the market. Stockpiles of rebar in 35 major cities in China rose 123,600 tonnes to 4 million tonnes by Friday compared with the previous week, according to data on the Mysteel Consultancy...

  • *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange opened 0.2 percent firmer at 47,790 yuan a tonne. *ALUMINIUM OUTPUT UP: Daily average primary aluminium output excluding China rose to 70,300 tonnes in June, from 70,000 tonnes in May, data from the International Aluminium Institute showed. *STEEL TALKS: Seeking a more positive...

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • WASHINGTON, July 20- Senior Chinese and U.S. officials discussed cutting excess global steel production capacity and agreed to "active and effective" measures to address the issue, China's embassy in Washington said on Thursday, a day after high-level economic meetings in Washington. "In this breakout session, the two sides focused their discussion on steel,...

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 20- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 19- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

  • WASHINGTON, July 19- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing. The annual economic dialogue session in Washington ended with canceled news conferences, no joint statement and no new...

  • WASHINGTON, July 19- Senior U.S. and Chinese officials concluded contentious economic talks on Wednesday but the outcome was clouded by the cancellation of closing news conferences and U.S. demands for a "more fair" trading relationship with Beijing. U.S. Treasury and Commerce Department officials declined immediate comment on the annual summer dialogue...

  • U.S. Treasury and Commerce Department officials declined immediate comment on the annual summer dialogue between Washington and Beijing, while the Chinese delegation's leader, Vice Premier Wang Yang, left the Treasury building without speaking to reporters. The potential steel tariffs, which could be announced in the coming weeks, were expected to be a...

  • WASHINGTON, July 19- U.S. and Chinese officials appeared locked in contentious economic talks on Wednesday with the outcome clouded by the cancellation of closing news conferences and U.S. demands for a "more fair" trading relationship with Beijing. Commerce Secretary Wilbur Ross in opening remarks to the annual summer dialogue between Washington and...

  • LONDON/ GENEVA, July 19- U.S. President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Challenging the plan through the World Trade Organization's dispute system would take years.

  • LONDON, July 19- Copper struggled to hold onto gains above $6,000 on Wednesday after the U.S. dollar rose but higher steel prices and upbeat Chinese data boosted expectations of strong demand. Copper hit $6,022.50 on Monday, its highest since March 2, driven by upbeat economic data from China. "There has been lots of positive sentiment from China but the dollar is...

  • Benchmark copper on the London Metal Exchange was down 0.1 percent to $5,997.50 a tonne at 0956 GMT, close to a an early May high of $6,022.50. "All metals generally are still benefiting from China data and from rising Chinese steel prices," said Capital Economics commodities economist Caroline Bain. CHINA DATA: A pick-up in the industrial sector helped China post...

  • *Flags $546 mln exceptional item due to copper strike. "Our people have stepped up to unlock low-cost latent capacity and achieve strong productivity gains across our tier one assets," BHP Chief Executive Andrew Mackenzie said in a statement. BHP sells the majority of its iron ore to steel mills in China, where domestic ore typically contains much less iron.

  • LONDON, July 18- The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters. The European Commission, which oversees EU trade policy, launched an investigation into hot-rolled steel from Brazil, Iran,...

  • China's giant steel sector churned out 72.78 million tonnes of the stuff in June. But the underlying reality is that China's steel mills are being incentivised to lift production rates by strong prices. That of Shanghai steel rebar, used primarily in the construction sector, was last week trading at levels not seen since the end of 2013..

  • *Vladimir Lisin is Russia's third richest man. MOSCOW, July 17- UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is considering stock market listings of its rail, shipping and stevedoring firms, Dmitry Lisin, Lisin's son, told Reuters. Initial public offerings are an option for Freight One, Russia's largest private railway operator,...

  • BEIJING/ MELBOURNE, July 17- China churned out record amounts of steel and aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output of low-grade metal. That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United...

  • BEIJING/ MELBOURNE, July 17- China churned out record amounts of steel and aluminum in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output of low-grade metal. That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United...