Monthly Archive January, 2009 News Back January, 2009 News Title Publish Date Production pruning - Sumitomo plans further output cuts in H2 Jan 31, 2009 Japan steelmakers to cut iron and coal price Jan 31, 2009 MEPS sees steel price decline in developing nations Jan 31, 2009 US House approves "Buy America" steel measure Jan 31, 2009 TATA Steel MD sees flat January to March quarter Jan 31, 2009 Middle East steel market "promising long-term" Jan 29, 2009 Slowdown signs - US home prices in 2008 dropped by 185% Jan 29, 2009 Indian flat products prices continue to fall Jan 29, 2009 Turkish market players not confident of steel scrap future Jan 29, 2009 Production pruning - Ukrainian steel mills to see recovery Jan 29, 2009 Production pruning - US weekly raw steel production dips by 52.5% YoY Jan 28, 2009 Turkish market players are not confident of steel scrap future Jan 28, 2009 Steel output of Ukraine may decline in 2009 Jan 28, 2009 Russian Far East scrap to feed domestic mills Jan 28, 2009 US HDG steel price in downward trend Jan 28, 2009 Chinese steel export in 2009 to face strong yuan and trade conflicts Jan 27, 2009 International firms ask for access to Iraq and Iran markets Jan 27, 2009 Iron ore negotiation - CISA suggests biannual pricing Jan 27, 2009 Global mining industry continue to faces woes Jan 27, 2009 Production pruning - Tokyo Steel to cut output Jan 27, 2009 Chinese CRC export price further increase Jan 27, 2009 Downsizing deals - Corus may axe more jobs in UK – Report Jan 26, 2009 Tokyo Steel increased purchase price of scrap Jan 26, 2009 Chinese domestic coal price picks up last week Jan 26, 2009 American November steel exports drop by 39.9% YoY Jan 26, 2009 Chinese HRC export price remains sluggish Jan 26, 2009 Q4 slab shipment to Asia offers at USD 350 a tonne FOB Jan 26, 2009 World steel output slumps 24.3 pc in Dec Jan 25, 2009 BaoSteel increased March pricing Jan 25, 2009 Steel prices: Ready to recover? Jan 24, 2009 Steel industry wants more liquidity to boost demand Jan 24, 2009 Iron ore price negotiations - Talks unlikely to end soon Jan 24, 2009 Kuwait to delay its USD 7 billion metro project Jan 24, 2009 HRS prices see reduction across MEA in 15 days of January Jan 24, 2009 Iron ore prices may fall 50% Jan 24, 2009 Eurometal sees further steel prices fall in 2009 before recovery Jan 22, 2009 Japanese mini-mills warned over rising stocks Jan 22, 2009 Turkey buys 800,000 tons scrap from western countries Jan 22, 2009 U.S. scrap export prices rise slowly Jan 22, 2009 China"s steel export facing much more pressures Jan 22, 2009 Far East"s demand for steel surges Jan 22, 2009 Indian steel majors may call for increasing import duty on steel Jan 21, 2009 Channel prices dip in UAE, Saudi Arab and Kuwait in F1 of January Jan 21, 2009 Chinese rebar prices up Jan 21, 2009 Angle prices crash by 4% to 12% in MEA in 15 days of January Jan 21, 2009 Italian long product distributors postpone contract Jan 21, 2009 Visclosky introduces American Steel first act Jan 20, 2009 Steel support plan to boost industry growth in long term Jan 20, 2009 US to put more pressure on China over export incentives Jan 20, 2009 Turkey may exempt VAT for 2 more years on exports Jan 20, 2009 Increasing scrap price driving rebar price up in Europe Jan 20, 2009 Asia HRC/CRC prices edging up Jan 20, 2009 Chinese steel consumption growth rate to dip in 2009 Jan 19, 2009 EUROFER releases economic and steel market outlook Jan 19, 2009 US coal prices fell to one year low as production rises Jan 19, 2009 Prices of Chinese cold rolled coil are stable Jan 19, 2009 Steel prices likely to decline further Jan 19, 2009 Nippon sees recovery in 2 years, Toyota deal delay Jan 19, 2009 Russia to raise steel import taxes Jan 18, 2009 Russia to raise import duties on steel, steel pipes Jan 18, 2009 Indian steelmakers says impossible to cut steel prices Jan 18, 2009 Indian HR prices restart slide after firming up for 2 weeks Jan 18, 2009 CIS slab prices have picked up a little, traders say Jan 18, 2009 Vietnam steel industry hits by Chinese products Jan 17, 2009 BDI shows signs of early recovery Jan 17, 2009 Iron ore price negotiation - Japan to start talks soon Jan 17, 2009 China facing 160 million tonnes excess steel capacity in 2009 Jan 17, 2009 Asian HRC price likely to soar further Jan 17, 2009 Beijing to close 10 million tonnes obsolete capacity in 2009 Jan 15, 2009 Coal in short supply and market uncertain to recover Jan 15, 2009 Chinese coal demand growth may slow down in 2009 – NEA Jan 15, 2009 US steel plate market in downward trend Jan 15, 2009 S. European plate prices weaken, says The Steel Index Jan 15, 2009 Recession reports - 77% auto executives expect more bankruptcies Jan 14, 2009 China plans to assist auto, steel industries Jan 14, 2009 Chinese steel market rebounds, but still uncertain Jan 14, 2009 Ukrainian mills increases FOB prices for long products Jan 14, 2009 U.S. scrap prices rise Jan 14, 2009 Posco expects to extend output cut until March Jan 14, 2009 Turkish boron export reaches USD 520 million in 2008 Jan 13, 2009 Beijing to unveil steel revitalization plan Jan 13, 2009 US steel jobs linked to automotive industry Jan 13, 2009 Chinese HRC steel export prices rebound Jan 13, 2009 Export of iron ore declined 13% due to falling demand from China12 Jan 13, 2009 Chinese coke producers back in the black Jan 13, 2009 Chinese steel exports to face challenge in 2009 Jan 12, 2009 China mills seek 40 pct cut in iron ore prices Jan 12, 2009 Chinese medium heavy plates lose competency in world market Jan 12, 2009 Domestic rebar demand declining in United States of America Jan 12, 2009 Production pruning - Nippon Steel to consider deeper output cuts Jan 12, 2009 Indian coal imports growing at 17% annually Jan 11, 2009 Recession reports - Metals prices to be lower in 2009 - Goldman Sachs Jan 11, 2009 China asks for quick round of iron ore talks Jan 11, 2009 There biggest shipyards from Korea to buy more steel plate this year Jan 11, 2009 China aim to raise coal output by 30% by 2015 Jan 11, 2009 Indian iron ore demand to reach 130 million tons during 2011-2012 Jan 11, 2009 US steel output expected to drop by 35% in 2009 Jan 10, 2009 India may re-impose import duty on steel bars, construction steels Jan 10, 2009 Analysts predict 10% nosedive in steel production during 2009 Jan 10, 2009 UAE rebar demand remains weak Jan 10, 2009 Steel market sees signs of recovery in Delhi Jan 10, 2009 Turkey lifts up import tariffs on flat products Jan 10, 2009 Recession reports - Fitch sees sluggish steel market in H1 of 2009 Jan 5, 2009 EU to terminate AD investigation against Chinese HDG Jan 5, 2009 US steelmakers may see increase in demand – Report Jan 5, 2009 Local steel demand may recover early next year Jan 5, 2009 Investors" confidence in Middle East to take positive turn in Q1 Jan 4, 2009 Egypt to cut import tariffs on some product to zero Jan 4, 2009 Production pruning - More Chinese steel mills resume production Jan 4, 2009 Europe, US rebar & plate prices stable, says The Steel Index Jan 3, 2009 US coil prices fall to 12-month lows: The Steel Index Jan 3, 2009 EU rebar price may rebound in January - Report Jan 3, 2009 Brazilian November flat steel sales down by 24% YoY Jan 3, 2009 Japan"s steel demand expected to hit 39 year-low Jan 1, 2009