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BHP
BHP Billiton Limited

5/24/2012, 1:10 PM ET
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BHP Market Currents more »
  • 8:02 AM The majority of steel mills in northern China have halted production, according to an analyst in the coal-trade business, putting more meat behind an earlier story about iron ore and coking coal buyers attempting to back away from orders. Not surprisingly, electricity producers seeing their own stockpiles of coal grow due to slumping demand for juice.
    2 Comments
    [Global & FX]
  • Tuesday 11:58 AM Chinese demand for copper is likely to improve in H2, the head of Xstrata's (XSRAF.PK) copper unit says, as the miner pledges to lift output by ~60% over three years even as rivals such as BHP and RIO have put the brakes on expansion. Recent data from China show its economy cooling faster than expected, prompting premier Wen Jiabao to call for new growth measures.
    Comment!
    [Commodities, Global & FX]
  • Monday 7:14 AM Chinese buyers for iron ore and coking coal are attempting to defer orders and defaulting on contracts, according to reports from traders, as the country is filled to the brim with the stuff and the nation's steel mills are cutting output amidst heavy overcapacity. (see also)
    7 Comments
    [Global & FX, Commodities]
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