GrafTech makes graphite electrode products used in electric arc furnaces to make steel and other ferrous and non-ferrous metals.
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Although business was still expanding, conditions were tough for firms, said Cetin Tecdelioglu of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association.
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Until that happens, though, the ferrous and non-ferrous parts of the industrial metals complex will each follow their own distinctive Chinese-determined path.
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Prices of ferrous metals, non-ferrous metals and coal mining together rose 4.1 percent on-year, a key factor in the PPI turning positive, the statistics bureau said.
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Leading Chinese Trading Company: Tewoo is China's largest commodities trading and metals distribution company by total revenue (2015: CNY403 billion) and volume traded in ferrous metals, non-ferrous metals and coal products.
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Dominant Market Position: Fully owned by Tianjin SASAC, Tewoo is China's largest commodity and metals trading company by total revenue and volume traded in ferrous and non-ferrous metals and coal products.
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"We will set up a Malaysian non-ferrous metal association to promote Malaysia to become a center for the non-ferrous industry in Southeast Asia," Eric Tan, director of SDM Speciality Chemicals Sdn Bhd.
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The latest findings said the toxins were phenol, cyanide and ferrous hydroxide.
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"We were able to expand overall trading volumes and gross profit, with refined non-ferrous metals, coal and iron ore all showing strong tonnage growth and non-ferrous concentrates maintaining leading market positions without sacrificing margins," it said.
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Cade's technical staff in the superintendent's office is currently reviewing the Ferrous acquisition.
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A spokesperson for Brazilian mining company Ferrous Resources could not immediately be reached.
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Prices of ferrous metal smelting and rolling processing industries jumped 29.1 percent in August on-year while prices of non-ferrous metal sectors grew 16.3 percent, and prices of the oil processing sector rose 16.8 percent, the latest data showed.
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In a study last year they found that ferrous chloride reacted vigorously with airborne hydrogen peroxide that travelled out of a small sample of TATP and that this exposure oxidised the ferrous chloride, turning it from blue-green to yellow-brown.
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This leaves the company dependent on the overall health of China's ferrous metals industry.
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Of Tokyo's 33 subindexes, 21 were in the red, led by non-ferrous metals.
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"Ferrous are getting sold, that's putting pressure on nickel," one trader in Singapore said.
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China's overall non-ferrous metals output in September came it at 4.44 million tonnes.
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Commodity stocks lost ground, with shares in steel, non-ferrous metal and shipping companies underperforming.
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Ferrous Resources currently produces 4 million tonnes of iron ore annually, according to a spokesman.
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Norilsk Nickel is one of Russia's leading producers of non-ferrous and platinum-group metals.
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Dual-listed steelmakers and other non-ferrous metals producers helped send the materials sector higher.
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Price gains in oil and natural gas extraction, coal processing and ferrous metals eased last month.
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The company, Ferrous Resources, declined to comment, except to say that the project had been discontinued.
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Primary non-ferrous metal products fell 3.3 percent, which was the largest decline since July 2017.
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Guangxi Non-Ferrous, a frequent issuer, failed to repay bonds that matured in February and April.
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The final phase would bring large upstream and downstream facilities for the processing of non-ferrous metals.
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Of Tokyo's 33 sub-indexes, 23 were in negative territory, led by the non-ferrous metals sector.
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However the republic's economy is concentrated in the hydro-power generation, mining and non-ferrous metallurgy sectors.
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The volatile non-ferrous metal market since 2012 also pushed up Yunnan Tin's funding costs, he said.
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This is also reflected in gains in the ferrous complex, equities and crude oil prices, he added.
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And London Metal Exchange (LME) and CME Group offer other futures products tied to the ferrous markets.
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The strength in coking coal spread to other ferrous commodities, although some pared gains towards the close.
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Ferrous CAL announced a $53 million investment in a Michigan plant to make steel for automotive companies.
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Ferrous CAL announced a $9753 million investment in a Michigan plant to make steel for automotive companies.
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However, the republic's economy is concentrated in the hydro-power generation, mining and non-ferrous metallurgy sectors.
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Each day the United States alone churns out 25 Eiffel towers' worth of steel and other ferrous scrap.
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Non-ferrous metals prices rose 2.8 percent month-on-month in July, while steel prices increased 0.4 percent.
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They're the ones you'd expect: steel, concrete, pulp and paper, chemicals, non-ferrous metals, fertilizers, and so forth.
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But China also played a role in a 1.7% drop in prices for primary non-ferrous metal products.
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While the LME nurtures its ferrous products, the exchange remains heavily reliant on its established base metals suite.
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However, the republic's economy is strongly concentrated in the hydro-power generation, mining and non-ferrous metallurgy sectors.
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Non-ferrous metal sector index rose 2.7%, with Sumitomo Metal up 3.8%, while shipping companies went up 2.6%.
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China's overall non-ferrous metals output in November came in at 4.32 million tonnes, its lowest since April 2016.
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On the other hand, steelmakers and non-ferrous metal companies both fell 0.7 percent while shippers dropped 0.6 percent.
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The Chinese retail crowd have been playing other markets, particularly the Shanghai and Dalian ferrous contracts, in recent weeks.
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Of 241 non-ferrous smelters and copper and aluminum product makers surveyed, 90.5% were back at work by Feb.
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Frehiwot Reta, the chef, ferments the bread for three days, and the result is fresh, springy, and tartly ferrous.
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Growth guidance was particularly strong in sectors including non-ferrous metals, electronics, property, light manufacturing and chemicals, it said.
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Prosecutors have also sought the arrest of ferrous minerals head Peter Poppinga, although they have been unsuccessful so far.
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Non-ferrous metal stocks also underperformed, with Mitsubishi Materials Corp shedding 2.0 percent and Sumitomo Metal Mining declining 1.8 percent.
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Vale's plan to buy Ferrous from controlling shareholder Icahn Enterprises LP in a $550 million deal was announced in December.
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SAO PAULO (Reuters) - Brazilian miner Vale SA, the world's top nickel producer, is acquiring the control of Ferrous Resources Ltd.
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Ferrous Resources has five mineral assets in the state of Minas Gerais' iron quadrangle and one operation in Bahia state.
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Orders from non-ferrous metals industry and transportation equipment makers rose in June, while those from the telecommunications industry fell.
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The executive, Director of Ferrous Metals Peter Poppinga, has not been arrested after a judge declined to issue a warrant.
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But international investors are still waiting for access to non-ferrous metals derivatives in China, the world's biggest metals consumer.
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Steel, coal, petroleum and non-ferrous companies suffered losses, while the pharmaceuticals and machinery sectors saw profits rise, it said.
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Stronger sectors included textiles, up 0.6 percent, iron and steel, up 0.6 percent, and non-ferrous metals, up 0.7 percent.
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Columbia, which owned more than eight million shares in Ferrous Recources, or 1.1 percent of the company, declined to comment.
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Trading volumes were thin, however, in China's ferrous complex ahead of a long holiday in the world's top metals consumer.
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Furnaces at chemical, steel, non-ferrous metal and coking factories have to install ultra-low emission equipment by the same date.
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Steelmakers and non-ferrous metal firms - some of the worst performers since Trump announced steel and aluminium tariffs - led the gains.
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These were set at 1 percent for nonferrous metal scrap like scrap copper and 0.5 percent for paper and ferrous metals.
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Prices for primary non-ferrous metal products advanced by 2.3 percent, pushed up by gains for unwrought copper and copper alloys.
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"The overall market sentiment is heating up," said Xu Maili, head of non-ferrous metals research at Everbright Futures in Shanghai.
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The prosecutor said in the arrest request that Vale and particularly its Ferrous division were ultimately responsible for the Brumadinho disaster.
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Mining waste containing non-ferrous metals, though, will be banned from imports, since China has sufficient domestic resources, the MEP said.
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Behind him, past scavenging and defecating prisoners, is a fence of barbed wire, and beyond it, a sky of ferrous gray.
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Prices for primary non-ferrous metal products rose by 2.0 percent, while chemicals and chemical products posted a 1.2 percent increase.
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In December, Vale announced the acquisition of iron miner Ferrous Resources Ltd from its controlling shareholder Icahn Enterprises for $550 million.
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Outperforming sectors also included iron and steel , up 20.9 percent, non-ferrous metal, up 23.9 percent, and sea transportation, up 1.2 percent.
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Absolutely no loose ferrous metals are allowed in the room, as an active MRI machine will quickly turn them into deadly projectiles.
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It has slashed capital expenditure on areas such as its non-ferrous metals business and sold its stake in its agribusiness unit.
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On the other hand, non-ferrous metal companies both fell 0.3 percent and steelmakers dipped 0.1 percent while shippers dropped 0.2 percent.
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They said he provided or helped gain access to prescription-dose vitamin D; calcitonin; ferrous sulfate; Advair; testosterone; and various thyroid medications.
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"Bondholders of Guangxi Non-Ferrous Metals are likely to take a haircut," said Ying Wang, senior director of corporate ratings at Fitch.
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"Imports of non-ferrous scrap...is always confused in customs or in the department of environment, whether it's hazardous or not," Tan said.
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Lipetsk Region has a well-developed industrialised economy with a focus on the ferrous metallurgy sector, supporting wealth metrics above the national median.
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Shippers were the worst performers, falling 1.6 percent, followed by a more than 0.8 percent drop in non-ferrous metal shares and steelmakers.
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Among blue chips, Shanghai-listed China Molybdenum Co Ltd , a major non-ferrous metals producer in China, has gained 16.8 percent this week.
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Among blue chips, Shanghai-listed China Molybdenum Co Ltd , a major non-ferrous metals producer in China, has gained 14.8 percent this week.
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The South China-based fund manager mentioned above recommended cyclical and infrastructure firms, including cement producers, coal miners and non-ferrous metals producers.
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Canadian producer prices edged up by 0.1% in December on higher prices for non-ferrous metal products, Statistics Canada data showed on Friday.
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And, of course, by expanding its portfolio to include gold and silver options, three new steel contracts and five new non-ferrous contracts.
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He currently sits on boards at Transocean, Hertz Global Holdings, Ferrous Resources, Navistar and previously served as a director at Chesapeake Energy Corporation.
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"You put ingredients in there, like ferrous alloys or lobsters, and boil them all up together until they make something else," Schreck says.
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"I think it's a rebound from overselling," Xu Maili, head of non-ferrous metals research at Everbright Futures in Shanghai, said of zinc's gain.
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"Our success is not based on selling aluminum foil at low prices," said Mo Xinda, a director at China's Non-Ferrous Metals Industry Association.
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He added that profits of energy and raw material sectors including coal, steel and non-ferrous industries saw a resumption of growth in May.
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Vale has temporarily suspended its Chief Executive Officer, Fabio Schvartsman, the head of ferrous metals, Peter Poppinga and executives Lucio Cavalli and Silmar Silva.
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On Saturday, an accident at a non-ferrous mine at a subsidiary of Inner Mongolia Xingye Mining Co killed 21 people and injured 29.
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"Statdrome will be focused on non-ferrous metal trading with a particular interest on concentrates," the company told Reuters in a statement last week.
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It will provide smaller-scale financing deals to groups of producers of non-ferrous metals, such as aluminum, for stockpiling and capacity cutback initiatives.
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Adding to pressure on manufacturers, factory-gate prices fell sharply amid softer demand, hurting profitability for sectors from petroleum processing to ferrous metal smelting.
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The most-active DCE iron ore contract closed down 1.2% at 0.23 yuan a ton, while the rest of China's ferrous complex edged higher.
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The few gaining sectors included iron and steel, up 0.1 percent, non-ferrous metals, up 0.6 percent, and electric & gas shares, up 0.3 percent.
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"Some of the steam has left the Chinese ferrous markets...after a very solid run of late amid worries over supply disruptions," Meir said.
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The fell 1.52 percent, or 339.91 points, to 22,1.73 in Tokyo, with the banking and non-ferrous metals sectors among the worst-performing sectors.
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Steelmakers, along with non-ferrous metals, were among the worst-performing sectors, with JFE Holdings falling 103 percent and Kobe Steel losing 2.3 percent.
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The Chinese authorities have set thresholds at 0.5 percent of total weight for paper, wood and plastic and 583 percent for non-ferrous metals.
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Porto Sudeste currently ships iron ore from Ferrous and any move by Vale to shift these shipments to its own infrastructure could hurt the port.
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ChinaYIE, which also trades non-ferrous metals and steel, recorded annual trade turnover of 167.4 billion yuan ($24 billion) last year, according to its website.
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Ferrous, which explores iron ore, will merge into a company controlled by Vale, the filing said, and will be valued at $550 million, including debt.
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Canadian producer prices increased by 0.3 percent in November from October on higher costs for vehicles and primary non-ferrous metal products, Statistics Canada said.
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Gainers were led by iron and steel, non-ferrous metal and machinery companies, with JFE Holdings, Sumitomo Metal Mining climbing 3.3 percent 3.9 percent, respectively.
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Expectations of tighter supply also helped drive up China's ferrous market, with top steelmaking hub Hebei forecasting that smog will blanket the region from Dec.
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THE NEW STEEL FRONTIER All three exchanges are also making steady inroads into the ferrous sector, which has historically proved stubbornly resistant to futures trading.
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It said they were involved in trade of coal, iron ore, lead, zinc and silver ore, lead metal and ferrous products as well as notebook computers.
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Tugging it first, then putting nearly all her bodyweight on it, she found it unfathomably secure, fixed to the ceiling with ancient screws of ferrous green.
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By sector, manufacturers' orders dropped 5.2%, dragged down by non-ferrous metals and transport machinery, while the service sector grew 2.6%, led by information and communications.
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Separately, Statscan said producer prices fell 0.5 percent in August, pulled down for the second consecutive month by lower prices for primary non-ferrous metal products.
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"We've seen improvement in sectors such as steel, coal and non-ferrous metal, thanks to supply-side reforms," said Shanghai-based hedge fund manager David Dai.
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The miner is proposing to its shareholders to merge Ferrous Resources do Brasil, which it acquired in August, with Mineração Jacuípe SA, aiming to cut costs.
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Price falls in oil and coal related products, as well as chemical products and non-ferrous metal appear to have weighed on the index, analysts said.
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Only four of the 41 industries surveyed saw profit increases: tobacco products, non-ferrous metals, oil and gas exploitation, and processing of non-staple agricultural goods.
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The rises in both ferrous futures follow flat to marginal gains last week as investors weighed the onset of a seasonal slowdown in construction activity this month.
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It is also assessing new precious and ferrous metals products as well as other products in the base and steel supply chains in London and Hong Kong.
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The non-ferrous metals producer index fell 3.0 percent to become the top loser among the Tokyo Stock Exchange's 33 industry subindexes, followed by miners and shippers.
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They quickly learn they're a group of criminals assigned to strong-arm a mining colony that recently had a falling-out with a company called Ferrous Corp.
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FUNDAMENTALS * LME nickel climbed as much as 1.1% while ShFE nickel gained 1.0%, as the metal used to make stainless steel tracked the surging Chinese ferrous complex.
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China Non Ferrous (NFC) has already agreed to construct the mine and provide 70 percent of the debt funding in exchange for 30 percent of the zinc.
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But profit growth in textile, non-ferrous metal smelting and processing, and telecommunications and electronic equipment manufacturing profits fell during the same period from a year earlier.
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According to a report in financial magazine Caixin, Guangxi Non-Ferrous had a debt-to-assets ratio of 20173 percent at the time it filed for restructuring.
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Merksamer currently sits on the boards of American International Group Inc, Transocean Ltd, Navistar International Corp, Ferrous Resources Ltd, Hertz Global Holdings Inc and Cheniere Energy Inc.
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Chasing the promise of outsized returns, 218-year-old businessman He Xiaolun started trading oil last August on a platform developed by the Shaanxi Non-ferrous Metal Exchange.
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"Our association is highly concerned about this, and worried about the fairness of the probe and its results," China's Non Ferrous Metals Industry Association said in a statement.
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These ferrous pulses, in turn, preserved the soft tissues of dead animals, so long as the sediments at the bottom of the sea were anoxic at the time.
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CHINA SCRAP: China provided the first detail of a ban on scrap imports, saying it would still allow imports of some kinds of steel and non-ferrous scrap.
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Overall non-ferrous output was at 4.55 mln tonnes in July, flat year-on-year but down 6.2 percent from 4.85 mln tonnes in June, the bureau said.
|
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Ferrous contracts such as Dalian iron ore picked up the change of beat earliest but the same "sell China" theme is now spreading across the base metals complex.
|
|
TORONTO, Aug 31 (Reuters) - Canadian producer prices fell 0.2 percent in July from June on lower prices for primary non-ferrous metal products, Statistics Canada said on Friday.
|
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Prices for energy and petroleum products fell by 2.6%, partly due to a coronavirus outbreak that also helped push up prices for primary non-ferrous metals by 1.7%.
|
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The night before, a Gothamist writer had been splattered with pig's blood, and the remains of the stunt were drying to a ferrous brown along the gallery's baseboard.
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Heavy industries in the steel, non-ferrous, coke and construction materials sectors will be ordered to cut output capacity in the heating season, which typically begins in mid-November.
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But stripping each kernel means you strip a lot of its nutritional value, so nutrients—ferrous sulfate, niacin, thiamine mononitrate, riboflavin, folic acid—are added to "enrich" the meal.
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Iron and non-ferrous metal stocks as well as shippers attracted buying on hopes the demand impact from China as a result of the trade frictions will be limited.
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They also take into account the high concentration of the regional economy in ferrous metallurgy, which makes the region vulnerable to steel market fluctuations and consequently volatile tax revenue.
|
|
Friday's bounce, largely limited to ferrous futures, was backed by firm fundamentals, analysts and traders said, as steel demand in China continued to benefit from a seasonal pick-up.
|
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"The strong rally in cyclicals, including steelmakers and non-ferrous metals producers, is not over yet, as valuations for those firms remain low," Changjiang Securities said in a report.
|
|
Foreign mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada's First Quantum Minerals , Glencore, Barrick Gold and Vedanta Resources.
|
|
Firms in the thermal power, steel, petrochemical, chemical, non-ferrous metals and cement sectors will be forced to comply with as many as 25 new emissions standards by October.
|
|
They also take into account the high concentration of the regional economy in ferrous metallurgy, which makes Lipetsk region vulnerable to steel market fluctuations, leading to volatile tax revenue.
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|
Three weeks later, as Columbus drove me from the airport through a cityscape of broad colonial roads, reddish ferrous soil, weedy lots, agaves, and towering bougainvillea, he seemed optimistic.
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Steel makers, non-ferrous metal companies and shippers - the regular victims of trade war worries - led the losses with falls of 1.4 percent, 1.6 percent and 1.2 percent respectively.
|
|
This compares with volumes of 5.2 million tonnes of non-ferrous refined metals traded by giant trader Trafigura in 2015, which retains a market share of 20-22 percent.
|
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Also resigning were Vale's head of ferrous minerals and coal, Peter Poppinga, planning director Lucio Flavio Gallon Cavalli and Silmar Magalhaes Silva, the head of a geographic division at Vale.
|
|
Some LME members had called for the exchange to further cut margin costs by allowing traders to net their exposure across different non-ferrous metals such as copper and aluminium.
|
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LDC started trading non-ferrous metals including copper, zinc and lead concentrates in 2005 and its metals unit has offices in Shanghai, Singapore, Connecticut, Geneva, Lima, Santiago, Puebla and Johannesburg.
|
|
An index tracking China's major non-ferrous metals added as much as 2.8 percent to hit a fresh two-month high, while an index tracking coal miners gained 2.2 percent.
|
|
Some traditional steelmakers, notably in Europe, are already hedging in some of the derivative products due to price volatility, according to Jarek Mlodziejewski, ferrous derivatives analyst at The Steel Index.
|
|
The order, posted on the government website of Changji County in Xinjiang and dated April 14, specifically identifies smelter projects being built by Xinjiang East Hope Ferrous Metals Co. Ltd.
|
|
Brazil's largest iron or exporter announced in August the closing of the deal to buy Ferrous Resources from Icahn Enterprises for about $550 million including debt, initially disclosed in December.
|
|
Nickel and zinc hit their highest in more than a month, tracking the ferrous complex higher after a blast at an iron ore mine in China and amid falling inventories.
|
|
By severely limiting North Korea's exports of coal and non-ferrous metals, such as copper, the UN expects to cut the country's revenue by more than $800 million every year.
|
|
The LME has high hopes for its new HRC contracts, believing it can tap into a massive global steel sector that has seen surging volumes develop in Chinese ferrous contracts.
|
|
The United Nations Security Council on Wednesday voted unanimously to slap North Korea with its "toughest" sanctions yet, severely restricting its exports of coal and non-ferrous metals like copper.
|
|
China Minmetals Non-Ferrous Metals Co general manager Xiaoyu Gao told Reuters on the sidelines of the conference that there would probably be "more volatility and more uncertainty" in 2017.
|
|
There's no doubt that Chinese players understood early the likely effects on the entire ferrous supply chain of renewed government stimulus in the form of credit expansion and infrastructure build.
|
|
Rusal's Shenzhen JV was set up in 2012 to focus on aluminium, alloys and other non-ferrous metals trading on the Chinese market, according to a statement released at the time.
|
|
China also plans to remove power consumption and generation restrictions for coal, steel, non-ferrous and construction materials companies from this year, allowing them to fully trade in the power market.
|
|
Non-ferrous metal companies and shippers , among the worst hit after U.S. President Donald Trump announced tariffs on steel and aluminuim products, fell 1.6 and 0.9 percent respectively, leading the losses.
|
|
"Each city (in Shanxi province) should set up plans on production restrictions in steel, construction materials, non-ferrous and chemicals by the end of September each year," the provincial government said.
|
|
Prices for non-ferrous metal products rose 1.2%, thanks in large part to higher prices for unwrought silver and silver alloys, which jumped 11.7% - the strongest monthly increase since July 2016.
|
|
She was so concerned with my results that she ordered a colonoscopy and upper endoscopy to look for internal bleeding and recommended I take ferrous gluconate to increase my iron levels.
|
|
But heavy industry and mining continued to struggle, with ferrous metal smelting and rolling firms seeing profits fall 15.8 percent in the quarter and profits for coal miners slumping 92.6 percent.
|
|
Tan said the new association, expected to be approved by the end of May, would communicate with the government to help standardize non-ferrous metals imports, and explain which scrap is hazardous.
|
|
Profits in manufacturing rose 13.7 percent for January-November from a year earlier, while those for the ferrous metal processing industry as well as oil and nuclear fuel refining more than tripled.
|
|
The statement also identified seven companies in the coke, cement, non-ferrous smelting and stone-mining sectors that must shut during the winter, including projects at two subsidiaries of Tongling Nonferrous Metals.
|
|
China's resource shares rose for the second day after the government said it would strictly control new production capacity in the non-ferrous metals sector and boost the stockpiling of state reserves.
|
|
Opening up ShFE's non-ferrous markets would be an exciting development for traders and help China's ambitions of developing benchmark contracts, said Jeremy Goldwyn, Managing Director at commodities broker BANDS Financial Ltd.
|
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Lawrence Weiner's "Cadmium & Mud & Titanium & Lead & Ferrous Oxide & So On …" was first displayed as part of his solo exhibition "Displacement," at Dia Center for the Arts in New York City in 1003.
|
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The Bosniak-Croat Federation government had rejected three previous proposals from the consortium of Israel's M.T Abraham Group, China Machinery Engineering Corporation (CMEC) and China Non-Ferrous Metal Industry's Foreign Engineering & Construction.
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SAO PAULO, Jan 16 (Reuters) - Brazil miner Vale SA has halted the tailings operations at the Esperança mine, which it acquired from Ferrous Group last year, according to a statement on Thursday.
|
|
SHANGHAI, Dec 24 (Reuters) - * China listed its first non-ferrous metals exchange traded fund (ETF) on the Shenzhen Stock Exchange on Tuesday, according to a statement from the Shanghai Futures Exchange (ShFE).
|
|
Sector performance was mixed in China on Friday, with transport and property shares weaker, while coal and non-ferrous metal remaining firm on the back of higher prices of the raw materials.
|
|
Non-ferrous metals producers were the biggest losers, falling 1.8 percent after the price of copper dropped more than 4 percent on Tuesday, its biggest daily fall in almost 2 1/2 years.
|
|
"The presence of open interest on further dated prompts often suggests that the financial derivatives have been used to hedge physical exposure to the underlying commodity," according to the LME's "Ferrous Monthly Update".
|
|
Slides of the presentation by Chief Executive Officer Fabio Schvartsman at a Citigroup Inc event in São Paulo also pointed to the importance of ferrous minerals in Vale's assets despite efforts to diversify.
|
|
RIO DE JANEIRO (Reuters) - Brazil's Vale SA, the world's top iron ore miner, has named Marcelo Spinelli as its new head of coal and ferrous metals, it said in a filing on Monday.
|
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MASSIVE STEEL SECTOR The LME has high hopes for its new HRC contracts, believing it can tap into a massive global steel sector that has seen surging volumes develop in Chinese ferrous contracts.
|
|
All ShFE's futures products - from ferrous and base metals to precious metals, energy and chemicals - would be available on the platform but only companies would be allowed to participate not individuals, it said.
|
|
The allegations were contained in a document given to Vale on Friday recommending the immediate "temporary removal" of then CEO Fabio Schvartsman as well as Ferrous Metals Chief Peter Poppinga and other executives.
|
|
The Appleby records show that investment funds of Columbia and Duke, both ranked in the top 20 endowments, held shares as recently as 2015 in Ferrous Resources, registered in the Isle of Man.
|
|
"The increasing inventory in steel products along with the heatwave across the country curbing demand for steel products will fuel a bear market for steel and the ferrous metal market," Orient Futures wrote.
|
|
Profit margins in car manufacturing and non-ferrous sectors improved slightly and the profit declines in telecommunications and electronic equipment manufacturing, which are more vulnerable to U.S. tariffs than other product classes, narrowed.
|
|
Profit margins in car manufacturing and non-ferrous sectors improved slightly and the profit declines in telecommunications and electronic equipment manufacturing, which are more vulnerable to U.S. tariffs than other product classes, narrowed.
|
|
China's government also said it would strictly control the expansion of its non-ferrous metals industry, encourage consolidation and boost proven ore reserves as part of its five-year development plan for the industry.
|
|
The ferrous metallurgy sector contributed 58% of the region's industrial output and around 37% of total tax proceeds in 2016, making the regional economy vulnerable to fluctuations in the domestic and international steel markets.
|
|
The biggest slowdown in growth came from oil and gas production and ferrous metal smeltering, whose year-on-year growth in January-August were 11 and 4.63 percentage points lower from January-July, respectively.
|
|
Moreover, state-owned enterprises will target coal capacity cuts of 12.65 million tonnes in 2018, and will also aim to reduce excess capacity in coal-fired power, non-ferrous metals, shipbuilding and construction materials.
|
|
Anhui, a key non-ferrous smelting province, took the initiative to curb output even though it has been excluded from Beijing's winter smog "battleplan" applying to 543 cities in the smog-prone northern region.
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CHINA SUPPLY: Closures of polluting smelters have supported prices, with cities in Anhui province the latest to issue plans to curb production in the steelmaking, non-ferrous smelting, cement and coal-fired power sectors.
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In the metals-trading space this really started with ferrous contracts such as Dalian iron ore and Shanghai steel rebar, but the bullish wave has rolled into the likes of copper, aluminum and zinc.
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Secondary industries, such as non-ferrous metal processing and equipment manufacturing, are the main contributors to the city's GRP, although tertiary industries, including wholesale and retail as well as information technology services, are increasingly important.
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Concerns over individual investors did not come into play with Guangxi Non-Ferrous Metals as its notes were privately placed to institutional investors, mainly securities firms and banks, in the interbank bond market, analysts said.
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The offer from a consortium of Israeli M.T Abraham Group, China Machinery Engineering Corporation (CMEC) and China Non-Ferrous Metal Industry's Foreign Engineering & Construction to lease the foundry was rejected by 78% of Aluminij's shareholders.
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"Chinese companies are looking for more long-term contracts with us because of the quality," Peter Poppinga, executive director for ferrous and coal at Vale, said on the sidelines of an industry conference in China.
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The rapid rise in ferrous metals as well as zinc and lead also reflect a rotation of funds away from fixed-income and into risky assets backed by optimism over global growth into 2017, analysts say.
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As U.S. recycling association ISRI pointed out in a submission to the World Trade Organization, there are more than 150 specifications for non-ferrous scrap, each with its own code word, description and maximum allowed impurities.
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BEIJING (Reuters) - China's campaign to slim down its bloated industries could be derailed by more than $240 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.
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In news, China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.
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The ratings also consider the following rating factors: Strong but Concentrated Economy Lipetsk Region has a fairly well-developed industrialised economy with a focus on the ferrous metallurgy sector, supporting wealth metrics above the national median.
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SINGAPORE, May 3 (Reuters) - Singapore Exchange Ltd (SGX) is considering a triple listing of steel derivatives, aiming to offer investors easier access to the highly fragmented ferrous market via a single platform, a senior executive said.
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Futures options for copper would be China's first for an industrial product and serve as a risk management tool in non-ferrous metals derivatives trading, the financial newspaper said, without providing a timeframe for the launch.
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Vale's board dismissed CEO Fabio Schvartsman, as well as three other executives including chief of coal and ferrous metals Peter Poppinga, on a "temporary" basis on Saturday night, after state and federal prosecutors recommended their exit.
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CHINA VERSUS REST OF THE WORLD Although rooted in the divergent impact so far of Chinese stimulus, the split between ferrous and nonferrous markets is also a reflection of differing views between Chinese and international players.
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"Nevertheless non-ferrous metal prices remain elevated in the year-to-date and we expect them to head higher from spot as we move into H219 on the back of robust demand from China," the report said.
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"Nevertheless non-ferrous metal prices remain elevated in the year-to-date and we expect them to head higher from spot as we move into H2000 on the back of robust demand from China," the report said.
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BRASILIA/SAO PAULO, Feb 13 (Reuters) - Brazilian steelmaker Cia Siderurgica Nacional (CSN) and port company Porto Sudeste have lodged complaints against miner Vale SA's proposed acquisition of rival Ferrous Resources Ltd, antitrust regulator Cade said on Wednesday.
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Dowa Holdings rose as much as 14.2 percent after the non-ferrous metals smelter reported April-June operating profit fell by 13 percent to 7.62 billion yen ($74.63 million), higher that expectations of around 6.5 billion yen.
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"The internationalization of the DCE iron ore contracts will give greater access to the global commodity community to trade in the world's biggest onshore ferrous market," Lee Kirk, managing director at Cargill Metals, said in an email.
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CHINA METALS OUTPUT: While slower Chinese growth suggested lower demand, China's output of 10 non-ferrous metals including copper, aluminium, lead, zinc and nickel rose 4.3 percent in May from a year earlier to 4.55 million tonnes.
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CME had first-mover status in the ferrous space but its hot-rolled coil contract saw volumes slide 8 percent last year, while its scrap contract saw only minimal activity and its billet contract none at all.
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The largest percentage gainers in the index were industrial components maker TDK Corp, which rose 3.48%, followed by non-ferrous metal producer Toho Zinc Co Ltd, gaining 3.42%, and Hitachi Construction Machinery Co Ltd, up by 3.36%.
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Aluminum is the most extensively used non-ferrous metal in the world, according to the London Metal Exchange, and is used in a variety of products ranging from window frames to car body panels, wiring and kitchen utensils.
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SHANGHAI (Reuters) - The Shanghai Futures Exchange (ShFE) is exploring ways to open up its non-ferrous metals futures contracts to foreign investors and has a rough timeline to give access within two years, its chairman said on Tuesday.
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BEIJING (Reuters) - China's non-ferrous metal output fell to a one-year low in August, in a sign that Beijing's environmental crackdown is curbing supplies of base metals, with aluminum also hit by efforts to rein in output.
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The cut "will undoubtedly boost market sentiment," in top metals consumer China, Everbright Futures said in a note, adding that recent high flows of capital into non-ferrous metals "would be further stimulated to rise" as a result.
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Profits of the ferrous metal processing sector rose 1.1 times year-on-year in June, compared with 5.7 percent growth in May, due to the surge in steel prices and low comparison base, NBS data showed earlier this week.
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SHANGHAI (Reuters) - China will strictly control new production capacity in the non-ferrous metals sector and boost the stockpiling of state reserves as parts of an effort to push forward structural supply-side reform, the cabinet said on Thursday.
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An index trading coal producers jumped 875.703 percent, while non-ferrous metal shares rose 2.8 percent Hong Kong's benchmark Hang Seng Index was on track for an eighth straight day of gains, rising 0.5 percent to 26,652.10 by midday.
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The groom, also 229, is the marketing director, in Larchmont, N.Y., for Non-Ferrous Traders, a family-owned metal distributor, for which his father, Robin M. Schwartz, is the president and his mother, Sandra Schwartz, is the financial controller.
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The groom, also 29, is the marketing director, in Larchmont, N.Y., for Non-Ferrous Traders, a family-owned metal distributor, for which his father, Robin M. Schwartz, is the president and his mother, Sandra Schwartz, is the financial controller.
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CSN said in a letter to Cade that the acquisition of Ferrous would give an even more dominant market position to Vale, which it says controls roughly 80 percent of Brazil's iron ore market, restricting CSN's access to logistical infrastructure.
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The poll found the BOJ's corporate goods price index (CGPI), which measures the prices companies charge each other for goods and services, rose 0.7 percent in February from a year earlier, supported by oil related products and non-ferrous materials.
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Statdrome was founded by investor David Preiskel and a group of former Trafigura, Marc Rich and Marubeni Hitochu non-ferrous and oil traders, another addition to the flurry of new metals desks that have sprung up in the past two years.
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BEIJING/SHANGHAI (Reuters) - China's Jiangsu province will impose production curbs of between 303 percent to 50 percent on heavy industry including steel, coke, casting, non-ferrous, chemicals and building materials during the winter season, according to a document reviewed by Reuters.
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An index kept by the trade organization showed a downward trend in ferrous scrap metal commodity prices for several years until a plunge in 2015 made it probably the industry's worst year in decades, if not a generation, Pickard said.
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Non-ferrous metal stocks also gained ground, with Mitsubishi Materials Corp surged 123 percent and Dowa Holdings gained 4.9 percent after copper surged more than 5 percent to a 16-month high on speculation that Trump could boost U.S. construction spending.
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The LME doesn't offer an iron ore contract but is betting that it can get a foothold in the steel supply chain with the launch in March of two new hot rolled coil (HRC) contracts, expanding its ferrous suite to four.
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New impurity limits - set at 1 percent for nonferrous metal, and at 0.5 percent for paper, plastics and ferrous metal - were announced by China last year and had already impacted shipments but only officially came into force on March 1.
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As the Institute of Scrap Recycling Industries (ISRI) — a U.S. trade group — said in its formal response to the Chinese proposals, there are more than 150 specifications for non-ferrous scrap, with impurity thresholds ranging from zero to 4 percent.
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Existing industrial boilers as well as facilities in sectors like thermal power, steel, petrochemicals, chemicals, non-ferrous metals (excluding aluminum) and cement, will be subject to tougher emission limits for sulphur dioxide, nitrogen oxides, particulate matter and volatile organic compounds beginning from Oct.
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BEIJING (Reuters) - Cities in China's eastern province of Anhui are issuing plans to curb production in the steelmaking, non-ferrous smelting, cement and coal-fired power sectors over the coming winter in a drive to meet a politically crucial air pollution target.
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Beijing's latest iteration of its plan for the non-ferrous industry to 2020 underscored how metals use is shifting from major base metals that have fueled global metals markets and gone into building the world's second-largest economy over the past decade.
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China's overall non-ferrous metals output — including copper, aluminum, lead, zinc and nickel — rose to 4.72 million tonnes in December, up 9.3 percent from 4.32 million tonnes in November, to the highest level since June and up 2.8 percent from a year earlier.
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Chinese authorities should take some non-ferrous metals off producers' own stocks to reduce their pressure as demand for copper and aluminium remains weak, the China Nonferrous Metals Industry Association said on Thursday, noting that major smelters had managed to maintain "normal production".
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SINGAPORE (Reuters) - Malaysia's non-ferrous metals players are joining forces to promote their scrap processing business as clean amid growing environmental alarm over recycling, seeking to cling on to a trade that has grown fast as China's import curbs divert more scrap toward Southeast Asia.
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The funds will be mainly used to convert Vale's Carajas mining complex in northern Brazil to disposing of 100 percent of its tailings through dry processes, Vale's director of ferrous planning and development, Fabiano Carvalho Filho, said in an email response to questions from Reuters.
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Some speculators on the ShFE had previously bet that the planned cut in VAT on China's manufacturing sector, which includes non-ferrous metals, to 13 percent from 16 percent would be implemented on May 33, increasing the backwardation on metals including copper and aluminium.
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Some speculators on the ShFE had previously bet that the planned cut in VAT on China's manufacturing sector, which includes non-ferrous metals, to 13 percent from 16 percent would be implemented on May 1, increasing the backwardation on metals including copper and aluminum.
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Investigators also recommended the removal of Vale's head of ferrous minerals and coal, Peter Poppinga, planning director Lucio Flavo Gallon Cavalli and Silmar Magalhaes Silva, the head of a geographic division at Vale, as well as three managers and two technicians, the paper said.
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"We believe that by the end of this year or by the beginning of next year we will release a draft for discussion in public," Zhang Zhiyong, the head of ShFE's non-ferrous metals department, told AZ China's aluminium and raw materials conference in Shanghai.
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Juergen Schachler, who took over as CEO in July 2016 after two decades in steel, said in March he aimed to turn Aurubis into a multi-metals company by expanding into non-ferrous metals, but has given few details ahead of a strategy update planned for October.
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"While no longer owning steel processing centers, Cargill will continue to be active in global ferrous markets, offering tailored physical supply and financial solutions in iron ore and steel through our business in the Asia Pacific region," said David Dines, president of Cargill Metals and Shipping.
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Thanks to Sennheiser, pro-headphone jack audiophiles don't have to resort to old, pre-Bluetooth models: The HD 650 Over-Ear Professional Headphones were crafted with a specially-designed acoustic silk and a Neodymium ferrous magnet system to sense your environment and offer perfect sound in response.
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The steps are largely similar to those imposed last winter, which forced steel mills, coke producers, non-ferrous smelters and construction materials makers to shut part of their output capacity, although the government is giving the local authorities more leeway to choose appropriate measures for their region.
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As non-ferrous metals demand growth slows to a "medium-to-slow speed", niche, high value metals like cobalt, lithium and magnesium used in electric vehicles, lightweight cars and planes, clean energy and the electronics industry will drive consumption over the coming four years, the government said.
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"The timeline for launching internationalized non-ferrous (futures) contracts is not yet set," ShFE chairman Jiang Yan told Reuters on the sidelines of the Shanghai Derivatives Market Forum, but added that the exchange was aiming to give foreign investors access "within two years as a rough timeline".
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BEIJING, Aug 17 (Reuters) - China said on Thursday it will still allow imports of some kinds of steel and non-ferrous scrap as the world's largest commodities consumer outlined the first concrete details of its plan to curb waste imports as part of its war on pollution.
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"As in the Wuhan Steel and Yunnan Tin swaps, which involved steel and non-ferrous metals industries that are struggling with over-capacity, we will also choose from leading firms in other overcapacity sectors such as the highly indebted coal and chemical industries," Zhang told analysts.
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In the final, which represented the culmination of five years of competition between 40 teams, the top seven robots had to autonomously find 10 unknown samples, which ranged from easy (a painted rock) to difficult (a "non-ferrous object"), and return them to a home base.
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Ferrous prices also cut losses on concerns there could be similar action in top steel city Tangshan Under an orange alert, the second-highest warning behind red in China's four-tier system, steel mills must halve their output, while coal-fired power utilities must operate at "minimum" levels.
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"We believe that by the end of this year or by the beginning of next year we will release a draft for discussion in public," Zhang Zhiyong, the head of the non-ferrous metals department at the ShFE, told AZ China's aluminium and raw materials conference in Shanghai.
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" He elaborated, adding that Soylent — whose makeup is somewhat hard for the non-science-minded to decipher; its powder includes ferrous gluconate, thiamin hydrochloride, and 38 other ingredients — also features new ingredients and a much "larger and robust quality team" to "make sure nothing like [its previous mishaps] happen again.
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The plan will also order local authorities to phase out 304 polluting companies in steel, chemicals, non-ferrous and construction materials sectors, and impose production restrictions on heavy industry from November to February next year in cities that saw PM2.5 readings above 70 micrograms per cubic meter during last winter.
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The dominantly ferrous particles are mixed with particles from a range of other sources, including rock ballast from the track, biological aerosols (such as bacteria and viruses), and air from the outdoors, and driven through the tunnel system on turbulent air currents generated by the trains themselves and ventilation systems.
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"Supply of crude is likely to decline over next three weeks (to mid-May), which will support the market and create the conditions for a rebound in prices," said Georgi Slavov, head of energy, ferrous metals and shipping research at commodities brokerage Marex Spectron, adding that demand was also slowly picking up into May.
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Nonetheless, We expect the company to report a ratio of 1.1x in 2017 and 1.5x in 0003 Sector and Customer Concentration: More than 73% of Tewoo's revenue and 56% of gross profit were generated from metals and ore trading in 2016, leaving the trader heavily dependent on the health of China's ferrous metals industry.
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Companies within a specific region in the province will not be allowed to add or expand production capacities in steel, coal-fired power, coke, cement, lime, nitrogenous fertilizer, ferrous-metal casting, ferro-alloy, carbon and any other industrial projects that use coal as major fuel in a special air pollution control zone, Xinhua said, citing the document from the Hebei provincial environment bureau.
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