Edition:
United States

Ruby Lian

U.S. eases way to more tariff exemptions under pressure from allies

Mar 10 2018

WASHINGTON/BRUSSELS/SHANGHAI The United States opened the way for more exemptions from its steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from lawmakers, further diluting the measures just a day after they were formally announced. | Video

Maximizing returns: Chinese steel mills to ramp up output before curbs bite again

Feb 21 2018

MANILA/SHANGHAI China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed.

Maximising returns: Chinese mills to ramp up output before curbs bite again

Feb 20 2018

MANILA/SHANGHAI, Feb 21 China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed.

China iron ore imports hit 2nd-highest on record on restocking

Feb 08 2018

SHANGHAI/MANILA 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.

China aims to meet 2020 target for steel capacity cuts this year, warns on resumption

Feb 07 2018

SHANGHAI China aims to meet its target for reducing steel production capacity two years earlier than planned, the industry ministry said in a statement on Wednesday, as the world's top steel producer ramps up its years-long push to reduce excess output.

China's steel city mulls extending winter cuts; Hebei denies

Feb 01 2018

BEIJING China's Hebei province denied news reports on Thursday that it will extend steel production curbs imposed for the winter season, as sources told Reuters that authorities in the region's top steelmaking city Tangshan was considering such a move.

Chinese steel mills win domestic iron ore pricing in some 2018 contracts

Jan 25 2018

SHANGHAI Chinese steelmakers have succeeded in a push to include domestic iron ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities.

China's warm start to winter heats up Chinese steel, mill profits

Dec 06 2017

SHANGHAI A warm start to the winter has boosted steel prices and margins for mills in China, the world's top producer, as the higher temperatures have allowed projects to proceed that would normally have come to a halt.

China steel output slips from record as smog war bites; further drop seen

Oct 19 2017

SHANGHAI/MANILA China's steel output dropped in September from a record high the previous month as mills in the world's top producer cut production in line with Beijing's campaign for clearer skies, pointing to further drops as winter curbs set in.

Breaking norms: China steel firms shield profits from volatile market

Oct 18 2017

MANILA/SHANGHAI China's steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility.

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