November 21, 2008
Recession reports - Severstal freezes USD 8 billion CAPEX
It is reported that Severstal, Russia’s biggest steelmaker, is deferring indefinitely an ambitious USD 8 billion investment program in a further sign of how the downturn is forcing...
Japan steel output shows first drop in 29 months in October
Reuters reported that Japan's crude steel output fell for the first time in
29 months in October 2008 as the global financial crisis dampened demand
for cars and construction projects.
Chinese steel price to dip further in short term - MoC
Xinhua News Agency, citing official from the Ministry of Commerce as saying that impacted by tapering down stream demand, sluggish sales and high products' stockpiles at steel mills, domestic steel...
Middle East rebar market analysis
Middle East, although a late entrant in the arena of market tailspin, has plummeted by 30% in Rebar over last 1 month. It has shown feeble revival in the last week but where the buck is going to stop...
BHPB bid for Rio - Macquarie Equities predicts gloom for BHPB
It is reported that BHP Billiton assertion that it will be able to maintain iron ore production despite a downturn in the demand for steelmaking materials has been challenged by Macquarie...
TISCO cuts stainless steel export price by USD 750 per tonne
Taiyuan Steel Co has reduced its stainless steel export price by USD 750
per tonne for January 2009 shipments to South Korea.
Offer for 304 HR stainless steel goes at USD 2050 per...
