Monthly Archive May, 2009 News Back May, 2009 News Title Publish Date China steel maker demands higher export tax rebates May 31, 2009 CIS scrap price continues to climb May 31, 2009 Iron ore price negotiations - May actually boost steel prices May 30, 2009 Reasons for price rebound of long products in China May 30, 2009 Turkish rebar prices may come down below USD 400 FOB May 30, 2009 Rio agrees to 33% cut in iron ore price May 27, 2009 Overcapacity and increasing imports to hurt Chinese steel prices May 27, 2009 Low priced Chinese plate to flood into South Korea May 27, 2009 Global rebar prices descend May 26, 2009 CIS billet export price down slightly May 26, 2009 HRC market in the Middle East still unpredicted May 26, 2009 China moves to control world ore pricing May 25, 2009 Rays of recovery - Indian economy may recover late 209 - RBI May 25, 2009 Iron ore price negotiations - Vale not in talks - Report May 25, 2009 Turkish mills reduce rebar offers to UAE to USD 450 CFR levels May 25, 2009 Traders staying away as Chinese mills increase EXW prices May 25, 2009 Iron ore price negotiations - Chinese prefer to keep benchmark system May 24, 2009 LME steel billet stocks rise above 40,000 tonne in Turkey May 24, 2009 Iron ore price negotiations - China not giving ground May 24, 2009 American scrap exports in March up by 25% YoY May 24, 2009 American billet market remains weak May 21, 2009 Steel inventories of US in April fall by 47.2% YoY May 21, 2009 Steel prices to continue at low levels amid surplus - CISA May 21, 2009 Section market likely to continue upward trend in short run May 21, 2009 Turkish and CIS billet prices to slide May 21, 2009 Time has come? May 21, 2009 China launches AD investigation against Russian HR May 20, 2009 Middle East rebar market remains quiet on weak demand May 20, 2009 American billet market remains weak May 20, 2009 Chinese CRC export price continue to increase May 20, 2009 10 billion tonnes of iron ore deposits discovered in Sierra Leone May 19, 2009 Turkish Consortium Builds Turkmenistan''''''''s First Iron&Steel Plant May 19, 2009 Global scrap prices soaring May 19, 2009 POSCO may cut steel price again in Q3 - UBS May 19, 2009 Could foreign pig iron gain a footing in China? May 17, 2009 Ukraine cuts scrap metal exports 79% in 4 months May 16, 2009 CIS pig iron offers on increasing trend May 16, 2009 Steel mills gunning for flat product price hike in Europe May 16, 2009 Saudi Arab puts conditions for steel and cement exports May 14, 2009 Asian steel prices set to rise May 14, 2009 ArcelorMittal sees 2009 demand down by 15% to 20% May 14, 2009 Pakistan likely to impose duty on steel imports May 13, 2009 German crude steel may fall by 30% in 2009 May 13, 2009 German April raw steel output down by 53% YoY May 13, 2009 Steel demand dip in Gulf to hurt steel exporters May 13, 2009 Chinese CR domestic prices see moderate increase May 12, 2009 China domestic HRC prices increase slightly May 12, 2009 Thailand''''s steel production forecast to shrink by 30~40% May 12, 2009 Vale says iron ore demand outside China extremely weak May 12, 2009 Iron ore price negotiations - Vale to become flexible May 11, 2009 Russian mills to increase HR and CR prices for Europe May 11, 2009 US ferrous scrap prices on upward trend May 11, 2009 Scrap market is rising again May 11, 2009 Iron ore price negotiations - CISA sticks to 40% cut despite Rio threat May 10, 2009 Saudi likely allow export of steel and cement - Report May 9, 2009 Steel prices in Europe continue southward march May 9, 2009 Traders warn to be cautious in future steel market May 9, 2009 Chinese HRC export price forecasted to bottom out USD 400 May 9, 2009 Iron ore price negotiations - Chances of stalemate May 7, 2009 EU imposes five year duties on Chinese wires May 7, 2009 Chinese thermal coal market may see growth in demand in May May 7, 2009 Egyptian Iron and Steel Company decreases production in 2008 May 7, 2009 China to close 10 million tonnes iron capacity in 2009 - NDRC May 7, 2009 AISI warns of further slide in steel prices in US May 6, 2009 Goldman Sachs sees bottoming of iron ore prices this quarter May 6, 2009 Egypt becomes largest steel importer in Middle East May 6, 2009 South Korean billet imports in May to reach 60,000 tonnes May 6, 2009 European firms not to stock up on steel as prices collapse May 5, 2009 ArcelorMittal SA to cut prices by 7-13% for May May 5, 2009 China CRC export price remain quiet May 5, 2009 India''''s steel demand to beat global trend; grow 2 pc in 2009 May 5, 2009 Monday Market Monitor - CIS - Lull except rebar and WRC May 5, 2009 Monday Market Monitor - Iron Ore - Small rebound seen May 5, 2009 Prices of iron and steel may remain low May 4, 2009 Iron ore price negotiations - Rio not to go below spot prices May 4, 2009 Pakistan to impose import duty on steel to protect PSMC May 4, 2009 Tokyo Steel increases scrap purchase prices by JPY 500 May 4, 2009 China HRC export price further increased May 4, 2009 CISA calls for further adjustment of steel export rebate May 3, 2009 Kuwait government urged to re impose import duty on steel and cement May 3, 2009 World steel prices continue to slip but on slow pace - MEPS May 3, 2009 Further output cut inevitable in China May 3, 2009 Steel prices to continue falling in Q2 - UBS Survey May 2, 2009 ArcelorMittal to keep 50% production cuts in Q2 May 2, 2009 Turkish scrap prices continue to soar May 2, 2009