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Ferrous Metals  ►  Iron & Steel, Stainless Steel, Carbon Steel, Alloy Steel
20 Apr 2010 Iron & Steel  ►  Iron ore prices reach $190/mt
Week 16 opened with a bang with the Indian spot prices making a quantum jump of almost USD 10 per tonne since 16th April. The unprecedented escalation seems unstoppable leaving veterans exasperated... more 
  Brockman seals $6 billion iron ore deal with Sinosteel
Emerging Pilbara iron ore producer Brockman Resources has pulled off a major coup by signing a sales agreement with China's largest importer of ore, Sinosteel, that could be worth more than $6... more 
  Steel Dynamics first quarter profit $1.56b
Steel Dynamics, Inc said Monday after the markets closed that it swung to a first quarter profit, as sales jumped 91% from last year. The company's quarterly earnings per share also came in above... more 
  Schnitzer Steel acquires scrap-metal processor in Montana
Schnitzer Steel Industries Inc. is the new owner of a scrap-metal processor in Billings, Montana, managers of the Portland-based company said today... more 
  Japan iron and steel production down 26.3% in 2009
Crude steel production in Japan fell by 26.3 percent in fiscal 2009, according to data released by the Japan Iron and Steel Federation on Monday... more 
  BHP-Rio Tinto iron ore join venture ruling expected by May
The Australian competition regulator hopes to decide on a proposed iron ore joint venture between Rio Tinto and BHP Billiton by the end of May, the head of the regulatory body said on television on... more 
  BHP's iron ore output up 11%
BHP Billiton Ltd., the world's largest mining company, said third-quarter iron-ore production rose 11 percent as demand from China surged... more 
  AK Steel uncertain over iron ore prices
AK Steel shares fell 7% Tuesday after the steel maker warned it cannot "reliably estimate" its second-quarter operating results due to uncertainty over global iron ore prices... more 
12 Apr 2010   Essar Steel in $500m global bonds sale
Steelmaker Essar Steel is to make an offering of a benchmark-sized seven-year global bond, not callable for four years, a source close to the deal said... more 
  BHP, Vale and Tinto agree on iron ore pricing
Just as Australian mining giant BHP Billiton and Brazilian miner Vale had announced their seasonal prices to customers, Australia's 2nd largest mineral supplier Rio Tinto said Friday that they are... more 
  Tata: iron ore price rise to cause inflation pressure
An 80-90% price hike for benchmark iron ore prices will bring big inflation pressure to the world, said a top executive of Tata Steel, the world's 6th largest steel company... more 
  China rebukes US on steel pipes duties
China on Monday condemned a US decision to slap trade sanctions on Chinese pipes as "protectionist", but did not say if it would retaliate... more 
8 Apr 2010   India allows 20% divestment in SAIL
India on Thursday approved a 20-percent stake sale in state-run Steel Authority of India Ltd (SAIL), the country's top domestic maker of the alloy, through a follow-on public offer... more 
  New system guarantees stability for iron ore buyers and sellers
While China is right to continue supporting the annual iron ore benchmark mechanism, it needs to allow smaller industry players to participate, the head of the country's iron ore importers... more 
  Steel mills to halt production
Small steel mills with steel blast furnaces less than 400 cubic meters in size are being told by the central government to shut down production by the end of next year... more 
  Steel scrap business booming
As the shipbuilding industry struggles to recover from the global recession, China's ship scrapping business has become a smorgasbord for both factories and investors... more 
  Steel prices rise on iron ore contracts
Domestic long and flat steel products will see substantial price increase at least for the next three months following an imminent shift in the annual iron ore contracts to quarterly pricing by the... more 
7 Apr 2010   AK Steel to add $420/mt surcharge on electrical steel
AK Steel said Tuesday that it will add a $420 per ton surcharge for electrical steel products shipped in May... more 
  Vale rebuffs Eurofer's antitrust probe
Vale of Brazil, the world's biggest iron ore producer, has raised tensions in a mounting dispute with its European customers by calling on the European Commission to investigate possible "breaches of... more 
  Trade dept to monitor iron and steel price increase
MalacaƱang has ordered the Department of Trade and Industry (DTI) to keep tabs on and prepare for the expected spike in global prices of iron ore and steel in the wake of a move by three major... more