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Vale says recent dip in global steel prices is temporary

Vale says recent dip in global steel prices is temporary

Brazil’s Vale, the world’s largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale Chief Executive Fabio Schvartsman told investors in...

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LME launches new contracts with steel, alumina best placed to succeed

LME launches new contracts with steel, alumina best placed to succeed

New steel and alumina contracts have the best chance of succeeding as the London Metal Exchange (LME) unleashes 10 new products early next year in an attempt to compete more effectively with rival exchanges, industry sources said. The new...

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Commodities’ dilemma: Strong China demand or Trump-led fears? – Russell

Commodities’ dilemma: Strong China demand or Trump-led fears? – Russell

The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly worrying rhetoric and actions from the United...

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China metal producers urge Beijing to retaliate on U.S. tariffs

China metal producers urge Beijing to retaliate on U.S. tariffs

China’s steel and metals associations called on Friday for Beijing to retaliate against U.S. tariffs on aluminium and steel imports, as a widely read tabloid said the country will not be bullied by threats of a trade war with the world’s top...

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Mining M&A jumps to 4-year high – expect more in 2018

Mining M&A jumps to 4-year high – expect more in 2018

The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, boosted by a jump in money raised on stock exchanges to a six-year high. Mining and metals deals totalled $51 billion last year, up 15%...

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Australian mining stocks at 3-year high on iron, steel rally

Australian mining stocks at 3-year high on iron, steel rally

Mining companies and metal producers gained in Sydney on Tuesday, pushing the bourse’s mining index to a three-year high following a strong rally in Chinese iron and steel prices on Monday. The ASX 300 Metals & Mining index jumped 2 per cent...

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Global steel production at 7-month low

Global steel production at 7-month low

Data released on Monday showed Chinese steel output in September rose 5.3% from the year before to 71.8m tonnes; not far off the record 73.2m tonnes produced in August. For the first six months Chinese furnaces pumped out 5.5% more steel, to just...

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Global steel demand growth to slow in 2018, worldsteel says

Global steel demand growth to slow in 2018, worldsteel says

Global steel demand growth is expected to slow to 1.6 percent next year, after strong growth in 2017 driven by demand from top consumer China, the World Steel Association (worldsteel) said on Monday. Demand will reach 1.648 billion...

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These Stocks Have Surged 400% This Year — But the Best May Be Yet to Come

These Stocks Have Surged 400% This Year — But the Best May Be Yet to Come

Graphite India Ltd. and HEG Ltd. are leading manufacturers of graphite electrodes, an essential component of electric arc furnaces that turn scrap into steel. They’re up more than 400 percent since the start of January, making them the best...

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China to revoke over 1,000 iron ore mining licences amid pollution crackdown

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Iron ore prices resumed their downward trend Wednesday after China announced it would revoke about a third of its iron ore mining licences, mostly belonging to small polluting operations amid a government-led crackdown on smog and outdated...

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China 2017 steel demand seen up 3-4 percent – CISA official

China 2017 steel demand seen up 3-4 percent – CISA official

Demand for steel in China, the world’s top consumer, is expected to rise 3 percent to 4 percent this year, with consumption better than expected, a senior official of the China Iron and Steel Association (CISA) said on Wednesday. “We expect...

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