Monthly Archive February, 2009 News Back February, 2009 News Title Publish Date Asian CR sheet prices on downward trend Feb 28, 2009 Turkish steel VAT exemption to come in effect soon Feb 28, 2009 Steel prices in most emerging markets continue to slide - MEPS Feb 28, 2009 Chinese severe steel over capacity to persist Feb 28, 2009 European rebar market remains slack on weak demand Feb 28, 2009 China to adjust import, export tax policy in March Feb 28, 2009 Short term forecast for HR prices in Europe Feb 25, 2009 Steel manufacturers of Turkey may lower export prices of rebars Feb 25, 2009 CIS (WEEK 8) - Slide starts again Feb 25, 2009 China disagrees Vale"s 10% reduction on iron ore Feb 25, 2009 Brazilian crude steel output down by 45.6% in January Feb 25, 2009 World crude steel output falls by 24% in January Feb 25, 2009 Japanese ship export orders dip by 76% YoY Feb 23, 2009 Fewer contracts in 2009 - Survey Feb 23, 2009 Russian steel mills must curb debt in crisis Feb 23, 2009 Steel prices declining in China19 Feb 23, 2009 Russia to reduce HRC offers to Middle East Feb 22, 2009 Chinese CR prices down Feb 22, 2009 European HR mills delaying price announcement Feb 22, 2009 BHP agrees price cut for coking coal with SAIL Feb 22, 2009 Italy"s scrap market kept quite Feb 22, 2009 Turkey to drop rebar export prices Feb 21, 2009 Korea"s scrap imports soar by 6.3% Feb 21, 2009 Steel output set for first drop in over a decade - Reuters Poll Feb 21, 2009 Steel prices may continue to fall in 2009: E&Y Feb 21, 2009 Scrap markets of Russia moving toward a recovery Feb 19, 2009 Chinese coke exports price decrease to USD 440 FOB Feb 19, 2009 Recession reports - To last at least 3 years - Analysts Feb 19, 2009 Iron ore price negotiations - CISA firm on one price Feb 19, 2009 CSC to cut prices by 14% in Q2 Feb 19, 2009 Chinese steel market boosted by official investment plan Feb 19, 2009 European billet prices may drop further Feb 18, 2009 European rebar price down on slow demand Feb 18, 2009 Brazil to increase tariffs on steel imports in March Feb 18, 2009 CIS to cut HR, CR export prices Feb 18, 2009 Steel demand in UAE expected to down by 50% Feb 18, 2009 Export tax changes possible for steel after dip in January Feb 18, 2009 Iron ore price negotiations - China wants bigger cuts from Australia Feb 17, 2009 HR prices on downward trend in Turkey Feb 17, 2009 Nippon Steel to cut H beam prices in over more than 3 years Feb 17, 2009 Japanese ferrous scrap transaction on downward trend Feb 17, 2009 Fletcher sees global steel demand recovering in 6 months Feb 17, 2009 India may impose 15% import duty on imported steels Feb 15, 2009 Mr Paswan seeks ban on export of high grade iron ore Feb 15, 2009 World iron ore prices will drop by 50% Feb 14, 2009 40% of world wealth gone Feb 14, 2009 Chinese steel industry to recover by 2009 end or early 2010 Feb 14, 2009 Iran"s billet prices continues to decrease Feb 14, 2009 ArcelorMittal cuts its production but predicts start of steel industry recovery in Q2 Feb 14, 2009 Latin America mining firms facing liquidity crisis Feb 14, 2009 Indian steel price index reflects up trend in domestic prices Feb 12, 2009 Australia’s iron ore exports up by 30.8% in 2008 Feb 12, 2009 MEPS forecast for Asian average carbon steel prices Feb 12, 2009 Beijing-Shanghai high speed railway needs 2 million tonnes steel Feb 12, 2009 China’s stocks of iron ore up Feb 12, 2009 China’s steel exports drop by 40% in January Feb 12, 2009 EU starts investigation on monopoly suspected mills from Europe Feb 11, 2009 Coke price rebound in China likely to stop in March Feb 11, 2009 Chinese plate export price further increase Feb 11, 2009 Chinese Rebar and Wire rod export price continue to edge up Feb 11, 2009 U.S. would restrict imports of steel products from Mexico Feb 11, 2009 CIS billet prices continue downward spiral Feb 11, 2009 Russian ship sales expected to rise 20% in 2009 Feb 9, 2009 Dry bulk freight surge could be short lived - Macquarie Feb 9, 2009 Chinese CRC export price on downward trend Feb 9, 2009 Chinese HRC price continue to drop Feb 9, 2009 US ferrous scrap prices fall drops as exports falter Feb 9, 2009 Demand sentiment drops sharply - The Steel Index survey Feb 8, 2009 EUROFER reports warns of unprecedented downturn in 2009 Feb 8, 2009 FOB Black Sea billet, rebar and wire rod prices under pressure Feb 8, 2009 China"s billet prices soar Feb 8, 2009 Indian steel mills facing heavy pressure Feb 8, 2009 S Korean CR producers to start importing HRC Feb 8, 2009 Chinese coke price rebound likely to stop Feb 7, 2009 Iron ore price negotiations - Seen falling by 30% in 2009 Feb 7, 2009 Credit Suisse sees its iron ore futures market growing in 2009 Feb 7, 2009 Slowdown signs - Dubai contractors in trouble over payments Feb 7, 2009 Egyptian steel importers may reduce prices - Report Feb 7, 2009 Turkey scrap market remains weak Feb 7, 2009 Slowdown signs - 20 million migrant workers return home jobless Feb 5, 2009 Japanese Q4 raw steel output to be lowest since 1970 Feb 5, 2009 India to be world No 2 in steel output by 2015 - Mr Paswan Feb 5, 2009 Turkey’s square billet prices slide Feb 5, 2009 Ukraine steelmakers cut production in January Feb 5, 2009 European traders are preparing to steel scrap deficit Feb 5, 2009 AISI sees 86% American adults favoring Buy America concept Feb 4, 2009 Japanese steelmakers call for resources price cuts Feb 4, 2009 China"s steel stocks reach lowest level in recent years Feb 4, 2009 Iron ore price negotiation between China, top miners starts again Feb 4, 2009 Some East Asian mills offer lower prices for HRC, CRC Feb 4, 2009 EU concerned with "Buy American" provision Feb 3, 2009 Italian plate import market non existent Feb 3, 2009 Asian HRC market may recover from April onward – Report Feb 3, 2009 Steel prices to keep at low level in 2009 – CAS Feb 3, 2009 U.S. scrap market to fluctuate Feb 3, 2009 Indian steelmakers increase production Feb 3, 2009 Steel companies "did not fix prices" Feb 2, 2009 HDG steel tariff decline in United States Feb 2, 2009 Rebar exports of China are still weak Feb 2, 2009 Chinese domestic coal prices rising Feb 2, 2009 Ukrainian HR mills attempting price hike Feb 2, 2009 AIIS sees massive dip in US steel imports in coming months Feb 2, 2009 Arab Steel Union calls for combating global steel recession Feb 1, 2009 Recession reports - Japan sees grim economic outlook in 2009 Feb 1, 2009 Iron ore price negotiations - MMK gets 40% cut form ENRC Feb 1, 2009 Improved sentiment spreads to some flat products Feb 1, 2009 ArcelorMittal SA to hold prices steady into February Feb 1, 2009 Indian iron ore spot FOB prices surge almost by 10% in January Feb 1, 2009