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Mar/11/2010
Latest news from SBB
Re-rolling HRC spot prices shoot up in SE Asia
Indian longs buyers expect higher prices by end-March
Nearly 75% of companies surveyed expect higher prices: TSI
Beltrame reduces production in Europe
Bolivia and Jindal resolve dispute over ore joint venture
North European rebar offers surge along with scrap
CIS billet market continues booming, no tonnages to sell
ArcelorMittal invests $138m in US flat carbon operations
Flat Products
North America
Rising US plate prices could open door to imports
Mexican plate prices remain steady in March
Unnamed buyer offers C$40m for processor Royal Laser
ATI's electrical steel surcharge to jump 14% in May
Asia
Taiwan’s China Steel stops CR mill for maintenance
Chinese HRC prices rise quickly, but opinions vary
Europe
New Salzgitter strip caster to start up next year
MMK Atakas plans energy investment
CIS
Severstal increases Russian sales, as market recovers
South America
Workers threaten to strike at Usiminas service center
Brazil's CSN renews oxygen converters
Middle East
Mobarakeh not involved in Iraq project
Long Products
North America
Gerdau, SDI seek $50/s.t. more on WF beams
SBQ bar surcharge crests $300/s.t in NA market
Gerdau Ameristeel, ArcelorMittal hike US wire rod prices
Others follow Nucor on rebar, merchant bar price hikes
Asia
China's Shuigang to boost crude steel capacity to 5m t/y
Angang to keep rail production flat; expects flat demand too
South America
Celsa’s longs mill project in Brazil still on hold
Venezuela's Sidor to commission 10 new outlets this year
Middle East
Saudi Arabian re-rollers squeezed by excess capacity
Pipe & Tube
North America
Schulz shale pipe mill breaks ground ahead of schedule
Southland Tube announces $50/s.t pipe hike
Asia
China's Jinan commissions 12,000 t/y stainless pipe mill
Stainless & Speciality Steels
North America
AM Castle posts full-year loss of $27m
Asia
Indian imported scrap prices going up, buying thin
Baosteel exports first stainless CR from new mill
CITIC Pacific to raise special steel capacity to 9m t/y
Europe
Turkish special steelmaker sees profit drop 95%
Peace breaks out between warring special steel distributors
World
GE sees bright future for electrical sheet in BRIC nations
Scrap & Raw Materials
North America
Crowflight ready for nickel restart at Bucko Lake
Asia
Indian pig iron export price rises
Scrap prices edge up in Japanese auction
China iron ore imports rose by 6% in February
China FeSi supply tightening, other ferro-alloys unchanged
Korean domestic scrap prices still weak
Europe
Some shortage of ore stocks at north European mills
Turkish scrap imports recovered in January
Ni, Zn output may be hit if Finland port strike continues
CIS
Belon to quit exporting coal
South America
CSN invests US$300m for coke self-sufficiency
Vale investing US$140m on equipment and machinery
Australasia
Atlas becomes major magnetite player through Aurox buy
World
Analyst: 2010 ore prices up 60-75%, pricing methods to vary
WSA sees supply chain change if benchmark scrapped
Corporate & Industry
Asia
Korean domestic car sales climb in Feb
China’s steel exports dip slightly in February
Europe
Climate for takeovers improving: Klöckner
German metalworkers see slightly higher output in 2010
Turkish auto production rises on recovering demand
South America
Brazil's Magnesita boosts refractories exports
Peru's construction sector up 11% in January
Africa
Nigeria’s Ajaokuta and Itakpe to be operational by end-Q2
Merafe Resources changes ceo
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