steel
Funds Seen Driving China Commodity Trade Boom Defying Slowdown
©2015 Bloomberg News NOKM5S6KLVR7 (Bloomberg) — Chinese hedge funds are helping drive a commodity derivatives trading boom in the world’s biggest energy, grains and metals consumer that’s defying the worst economic growth in 25 years. Trading volumes across on the Shanghai Futures Exchange, China’s biggest commodities bourse, surged 31 percent
U.S. Steel Cuts 2015 Profit Forecast Amid Flood of Imports
©2015 Bloomberg News NNJIMJ6JIJUY (Updates with comment from analyst in eighth paragraph.) (Bloomberg) — U.S. Steel Corp. posted a surprise first- quarter loss and cut its full-year profit forecast after a flood of imports prompted the nation’s second-largest producer to idle capacity. Earnings before interest, tax, depreciation and amortization are
Bloomberg Business: More Coal Cuts Seen Ahead as Demand for Steel Slows: Commodities
Copyright 2015 Bloomberg. NL4C4M6TTDS8 (Bloomberg) — In the last year, mining companies eliminated about 15 million tons of production capacity for the coal used to make steel, while outlining plans to double those cuts in the near future. It won’t be near enough. That’s the determination of Chief Executive Officer Don
