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| 3 Dec 2008 | Iron & Steel | ► | SAIL takes lead in price cut Steel Authority of India Ltd (SAIL) has decided to cut the prices of some of its products by Rs 1,200-1,500 a tonne... more ► |
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| Brazil's Vale cutting 2.1 percent of workforce The world's largest iron ore producer has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel... more ► |
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| US hot-rolled coil down nearly 11% as price falls to $550/st EXW Flat-rolled steel prices in the US market declined across the board Tuesday as some limited buying activity resumed after the extended Thanksgiving Holiday weekend... more ► |
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| US Steel idles production at facility near Detroit A lack of customer demand and a faltering economy has prompted U.S. Steel to temporarily suspend operations at its Great Lakes Works near Detroit and two other mills... more ► |
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| Brazil's Gerdau to halt steel plant for maintenance The slowdown in the worldwide steel trade in the fourth quarter is forcing Brazil's Gerdau (NYSE:GGB) to move forward maintenance work at its Riograndense facility in Sapucaia do Sul, in the... more ► |
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| Russian steel demand to fall in H1 '09 - Severstal Russian steel demand could fall by up to 10 percent in the first half of 2009 due to a global slowdown, but may see a "significant recovery" in the second half, Russia's biggest steelmaker Severstal... more ► |
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| Oman: Construction of $1.3bn Vale project to commence shortly Construction work on the giant iron ore pelletising plant of Vale do Rio Doce (Vale) is set to commence shortly at the Port of Sohar, following the signing of two key contracts yesterday. Well-known... more ► |
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| Lebtheinia delivers Sphere a new 2.3 billion tonne iron ore resource Sphere Investments Limited [ASX & NASDAQ Dubai: SPH] is pleased to announce a JORC Code compliant Mineral Resource of 2.3 billion tonnes (Bt) for the Company's 100% owned Lebtheinia Iron Ore Project... more ► |
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| Steel price could recover by March 2009 Steel prices, which have collapsed more than 50 percent in the last couple of months, could rebound by the end of the first quarter of 2009, a leading German steel and metals trader said... more ► |
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| 2 Dec 2008 | AK Steel adds $10 per ton charge to some products AK Steel Holding Corp. said Tuesday that a $10 per ton surcharge will be added to invoices for electrical steel products shipped in January 2009... more ► |
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| Kobe Steel triples production cut in 2H Kobe Steel will expand the raw steel output reduction to more than 600,000 tonnes in the second half year to March 2009 from the first half to meet slower demand for high valued steel including... more ► |
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| Baoshan to raise output to meet shipbuilder demand Baoshan Iron & Steel Co., China’s biggest steelmaker, will raise plate output capacity by 29 percent to meet shipbuilders demand in Asia, turning to its most profitable product to sustain sales in... more ► |
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| Nippon Steel seeks to cancel iron ore, coal shipments Nippon Steel Corp., the world’s second-largest maker of the metal, is asking mining companies to cancel some deliveries of iron ore and coking coal as it reduces production, two people familiar... more ► |
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| Nippon Steel seeks to cancel shipments on lower production Nippon Steel Corp. (NISTF.PK) is asking mining companies to cancel some deliveries of iron ore and coking coal as it reduces production, Bloomberg reported citing people familiar with the matter... more ► |
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| Junior mining house to reorganise African Rainbow Minerals (ARM) may "reorganise" plans to expand iron ore and nickel mine output in South Africa, without cutting the projects, after prices fell... more ► |
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| Chinese HRC export price further rebound It is reported that domestic hot rolled steel prices continue to rebound this week and this is also the case with export offers... more ► |
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| Billet market in Guangxi Fang Chenggang remains flat It is reported that billet price remains stable in Fang Chenggang area, Guangxi province. Common carbon billet stands at CNY 3,300 per tonne and low alloy billet at CNY 3,400 per tonne both by cash... more ► |
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| Iron ore price talks delayed on dim outlook Iron ore price talks for 2009 between the Chinese side and the three leading miners have yet kicked off... more ► |
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| Analysis of iron ore concentrate market of Tangshan Along with billet price rise in recent period, mines' confidence in ore powder selling has been bolstered, with higher offers of ore powder seen... more ► |
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| 1 Dec 2008 | Usiminas expecting sales to drop 6% in 2008 Brazilian integrated steelmaker Usiminas expects a 6% drop in 2008 sales to 7.5Mt, company investor relations official Gilson Bentes said during a presentation at the Expomoney conference in Rio de... more ► |
