BUZZ-Iron ore producers, steel makers: World Bank cuts global growth forecast

Wed Jan 14, 2015 12:22pm EST
 
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** Iron ore producers and steel makers down as World Bank lowers 2015 global growth forecast, and oil and copper slide

** BHP Billiton Ltd shares close down 2.8 pct in Australia and 5.5 pct in London

** Rival Rio Tinto Plc shares close down 3.3 pct in Australia and about 4 pct in London

** Brazilian miner Vale SA down 5.1 pct in Brazil

** Citigroup cuts 2015 iron ore price forecast to $58 a tonne from $65

** United States Steel Corp shares fall 4.6 pct to $21.84, Nucor Corp 3.2 pct to $44.23, AK Steel Holding Corp 3 pct to $4.04, Steel Dynamics Inc 2.4 pct to $17.09

** Sluggish steel demand from top consumer China has curbed any immediate need for mills to replenish stocks of the raw material

** Brent crude down 1.1 pct at $45.93

** Copper prices slide to their lowest in 5-1/2 years