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Nieuws Steel Business Briefing

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China turns to WTO to resolve EU steel fastener case
China has requested World Trade Organization consultations with the European Union regarding the anti-dumping duties the EU has imposed on Chinese imports of steel fasteners. It is the first time that China has used the WTO dispute settlement process to solve trading disputes with the EU.

Yao Jian, a spokesman with China’s Ministry of Commerce (Mofcom), said the EU had not acted in accordance with WTO rules, and said its decision lacked transparency and had harmed the interests of over 1,700 Chinese producers.
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TODAY'S TOP SBB HEADLINES
Posco plans auto service centre in Turkey
Most plate prices continue to rise, reports The Steel Index
Mixed views on mills’ ability to achieve orderly restart
HRC import offers climb towards $600/t in E. Asia
Chinese domestic CRC prices keep rising
Gerdau's Brazil-Peru 'billets corridor' sees heavier traffic
US sheet market rebound expected to last through Q3

Europe
ArcelorMittal first to restart blast furnace in Germany
Imported plate remains absent from Southern Europe
Russian mining & metals union sees signs of positive change
Excess stocks in Germany amount to about 0.5m t
Italian flats market back to import purchases
UK medium sections and merchant bar prices stable
Italy’s Marghera sees steel imports rise, no scrap
ArcelorMittal agrees payment plan for 10.9% stake in Ostrava
Italian automotive sales and orders increased in July
Celsa Atlantic plans lay-offs on drop in sales
Consumables maker sees improved demand from mills
Czech steelmaker under investigation by police
IMS appoints Muller to head French operations

Asia
India's Essar Steel buys coil-coater
Chinese manufacturing growth domestically driven
China turns to WTO to resolve EU steel fastener case
Vietnamese re-export of HRC is limited
Profits improve for CISA mills in May/June
China bulb flats prices rise, but end-user demand weak
Cheap scrap helps Kyoei, Godo post Q1 profit surges
Low stocks help lift Korean domestic HRC prices
Yieh Phui continues to raise HDG output

North America
US imports rebound in July despite low volume from China
USW seeking swift action against USS by Canadian gov
American steel buyers' outlook improving - ISM survey
US puts 20% dumping margin on Thai HRC imports
ArcelorMittal's NA longs output rises
US Steel locks out Canadian workers; USW wants to meet

Latin America
Gov payout for Sidor boosts Ternium's Q2, H1 results
Brazil’s rod prices stable, demand strong
Argentina's Acindar operating at 50% of its output capacity

Middle East & Africa
Price cut fails to revive Egyptian rebar demand

Scrap & Raw Materials
Brazilian iron ore miner MMX appoints new CEO
Egypt scrap prices increase, demand better
LKAB to restart all pelletizing plants on rising demand
Former Ford boss Nasser set to become BHPB chairman
Lianyuan to commission new BF in September
Spot iron ore prices keep rising despite surging imports
Asian iron ore benchmark becoming de facto for China
2009 price talks freeze Brazil's coal import market
Iran cuts iron ore exports on high transport costs

Stainless steel & Ferro-alloys
US assigns higher AD rate to Taiwanese stainless coils
New Siberian manganese mine & smelter gets financing
NAS hikes stainless flats 6%, AK makes a 6-9% move
Stainless tubemaker Tubacex sees profits slump
Posco to lift domestic stainless prices in September
Taigang Stainless prices surge $145-337/t

Tubes & Pipes
Brazil's tubes & pipes output, exports drop in H1
Seamless pipemaker Vallourec expects low point in Q3
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Russia’s Sberbank lends Evraz €12.7m
Russia's Sberbank bank says it has opened an 8.8bn rouble (€12.7m) credit line for the Russian arm of Evraz Group. The funds will be used for “general corporate purposes,” Evraz's spokesman in Moscow tells Steel Business Briefing. The parties declined to disclose more details.

Sberbank says the funds are provided for the Russian assets of Evraz Group: Nizhny Tagil iron and steelworks (NTMK), West-Siberian steelworks (ZSMK) and the Kachkanarsky iron ore mining and beneficiation plant. Sberbank says providing a loan for Evraz is a major step in supporting Russian strategic industries.
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TODAY'S TOP SBB HEADLINES
Chinese billet prices surging
Indian mills hike flats prices on good demand
Majority foresee steady demand, says The Steel Index survey
N.Euro strip market cautiously optimistic, forecasts vary
Hyundai to lift September H-beam export prices by $20-30/t
Xinyu Steel latest to commission blast furnace
CIS slab export prices are firmer still
Vale enlarges fleet and expands cif-based pricing

Europe
Italian HRC prices may rise mid-to-late September
UK rebar prices still floundering at low levels
Auto industry shows signs of improvement in Spain
Russia’s Sberbank lends Evraz €12.7m

Asia
Indian rebar prices weaken due to construction slowdown
Posco commissions CGL plant in Mexico
Wuhan Iron & Steel hikes HRC prices by $118/t
China's Hegang hikes rebar and wire rod prices
Shipbuilding orders rebound strongly in July
Siam Yamato's Thai steel plant should get start-up OK soon

North America
Top US service center loses $130m in the second quarter
US fabricator expects stimulus projects to boost sales
Lakeside Steel interested in purchasing US Steel Canada
Russel: Q3 margins will improve, but more demand needed

Latin America
Peruvian rebar export prices remain flat
Chile's construction activity drops again
Usiminas Cubatão to lift coil shipments to southern Brazil
ArcelorMittal Sabará commissions third drawn bar mill
Argentina's Siderar sees its H1 shipments fall 18%

Middle East & Africa
Pakistan looks to hike production capacity to 15m t/y
Turkish merchant bar exports face lacklustre demand
Iran's Meybod plans to double iron output, move into steel

Scrap & Raw Materials
Schnitzer set up for 'Cash for Clunkers' program
Brazil's iron ore exports grow 19% in July
Turkish iron ore imports increased 78% in H1
Chinese EMM prices rise $100/t
Minmetals announces 150m t iron ore deposit in Anhui
Australia's loss is Brazil's gain in iron ore sales to China
Polish coking coal group taps into new coal deposit

Stainless steel & Ferro-alloys
Albanian Chrome restarts FeCr production at Elbasan
Indonesia's Antam to restart FeNi smelter in September
Nisshin announces price hikes for stainess CRC
Merafe optimistic on FeCr demand as stainless recovers

Tubes & Pipes
Imports of Chinese OCTG fall below 100 tonnes for July
ERW pipe prices going up another $45/s.ton in US market
Yalian Steel completes buyout of joint venture partner
Corinth Pipeworks establishes Polish sales subsidiary
European welded tube market subdued, but price rise likely
Pakistan imposes import duty on stainless tubulars
China's BSS supplying Sino-Russia Crude Pipeline
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Some optimism returning to UK construction sector
The rate of contraction in the UK construction industry slowed in July, according to the latest figures from the Chartered Institute of Purchasing and Supply (CIPS)/Markit Purchasing Managers’ Index (PMI).

The PMI value for construction in July was 47, up from June’s figure of 44.5. While this increase was “modest, the sector reported contraction at a slower rate - the slowest in sixteen months,” CIPS/Markit say in a release sent to Steel Business Briefing. Values below 50 represent contraction, anything above represents growth.
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TODAY'S TOP SBB HEADLINES
Billet offer prices to SE Asia continue to firm
Low demand could put ceiling on rising prices - WSR
Turkey's Kardemir opens billet booking at higher prices
Global manufacturing activity steadies in July
CIS billet export market up $30/tonne
ArcelorMittal bringing BF back to life in Cleveland
Brazilian domestic plate prices up from July

Europe
European infrastructure spending impact disappointing so far
N. European tinplate contracts run to end-2009
Marcegaglia to benefit from higher output at Bremen
Some optimism returning to UK construction sector
Saarland’s Rogesa sticks to furnace reline schedule
Czech steelmaker invests to cut coke battery emissions
LKAB CEO and president dies
ArcelorMittal relights idled furnace at Florange

Asia
Shandong I&S sets annual profit target of $73.5m
Shanghai merchant bar prices softening
HRC import offers rise but China not buying
China property sales retreat in July
Posco, Krakatau insist no progress on steel plant venture
Korea’s plate importers unfazed by Chinese price hikes

North America
US longs market expecting surcharge increase of $10-30
Severstal says US pullout story 'erroneous'
Gerdau Ameristeel planning to keep Sayreville operating
Gerdau Ameristeel reports $58m loss, sees market bottom

Latin America
Gerdau: Q2 output better than Q1's, but still below 2008
ArcelorMittal further increases longs production in Brazil
Problems with DRI feed affects Sidor's output
Argentina's auto production up 6% in July

Middle East & Africa
South African construction down, should improve soon
Ezz waits for Algeria to clarify law on foreign investment
Turkey's Erdemir raises flat rolled steel prices $50-60/t
Arcelor moves its Erdemir shareholding within the group
Nippon Steel to start shipping HRC to Safal from October

Scrap & Raw Materials
Indian Steel Ministry proposes partial sale of NMDC
Chinese pig iron prices rising
China domestic iron ore prices picking up
Chile's H1 iron ore output down 16%

Stainless steel & Ferro-alloys
European FeCr spot prices benefit from stainless upturn
Chinese FeSi prices rise $20/t as supply tightens
Asian stainless surges $150/t on nickel push
NSSC lifts austenitic, ferritic CRC prices for August

Tubes & Pipes
Tenaris H1 tubes sales fall 38%
TMK completes eurobond debt buyback
Shougang to develop high value pipe
Chinese seamless pipe price rising
China’s welded pipe prices rise again
Brazil's TenarisConfab sees Q2 shipments drop 41%
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62% iron ore reference price exceeds $100/t: The Steel Index
The latest daily iron ore reference prices released by The Steel Index last Friday (7 August) show that the price for 62% Fe has passed the $100/tonne cfr level.

The reference price for 62% Fe content Iron Ore fines finished the week at $104.10/dry metric tonne CFR Tianjin port, China. This was a $8.80/dmt, or 9.2%, increase from a week earlier, and is 28% above the level a month ago.
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TODAY'S TOP SBB HEADLINES
Rebar prices to SE Asia move up, but local resistance
CIS pig iron export prices edge up a little more
Mills seek €30-40/t hike for merchant bar in N. Europe
Baosteel raises plate prices for September
Gerdau Açominas running with both BFs at 70-75% rate
US longs price rise uncertain as surcharge fizzles

Europe
Vorskla Steel Denmark delays production restart indefinitely
US Steel Kosice to restart blast furnace in September
German steel output rises from June to July
Tinplate prices in Europe still above 2008 levels
German narrow strip mill invests while market soft
ArcelorMittal ‘confident’ in future of Romanian plants
Italian flat import licences rose overall in July

Asia
Few Chinese mills exporting rebar/wire rod
China’s traders confused by HRC market volatility
Chinese H-beam prices strengthen
Baosteel struggling to meet "explosive" domestic demand
Sumikin Bussan in Thai steel processing venture
Korean steelmakers to benefit from India pact
Japan’s H-beam stocks at end-July rise slightly again

North America
Nucor's contract sheet buyers to see modest price rise
Survey shows optimism on economy, worries about demand
USW supporting Lakeside Steel bid for US Steel Canada
DOC finds China not dumping plate into US market
Latin America
CSN reports US$180m profits with big slab stock reduction
Brazil's Gerdau Usiba to boost H2 output rate
Argentina's construction activity still depressed

Middle East & Africa
Turkish mills turn to Asia for price support
South African imports down, still significant net exporter

Scrap & Raw Materials
IOC sees 2009 ore settlement prices off substantially
Iron ore swaps hit new high
Chinese coke prices rise despite softer steel prices
Indian scrap market firms
Scrap import prices continue to rise as supply tightens
N.European scrap prices firm for second consecutive month
Mills dismiss CISA plan to turn to small iron ore producers
Korean mills raise scrap buying prices despite summer stops
62% iron ore reference price exceeds $100/t: The Steel Index

Stainless steel & Ferro-alloys
US says Mexico dumped stainless coil but Japan did not
NA stainless prices rising - surcharges up for September
Turkish chrome ore exports supported by Chinese buying
Higher moly price restarts expansion plans at Thompson Creek
Brazil's 400 series prices could rise twice for Aug-Sept
Chinese FeCr import prices rise but trading slows

Tubes & Pipes
China's Qixing builds new welded pipe mill in Botswana
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Russia’s Amurmetall restarts production
Russia's far eastern steel producer Amurmetall is producing again, after a three-month halt in production which resulted from a lack of working capital and subsequent shortage of scrap feed.

“No.1 electric arc furnace is operating, along with a continuous billet caster,” the mill's spokesperson tells Steel Business Briefing. August production volumes will consist chiefly of commercial square billet for export, with the addition of some sections, as dictated by current market conditions. 90,000 tonnes of crude steel will be produced this month, the company says.
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TODAY'S TOP SBB HEADLINES
Most coil prices rising, especially in US - The Steel Index
Turkish rebar export business slack
Chinese domestic HRC prices fall steeply
UK strip prices remain buoyant, optimism less so
UAE’s Al Ghurair set to expand in 2011
ArcelorMittal's Lázaro Cardenas output minimal after strike

Europe
Former Istil mini-mill in Ukraine changes hands again
New Czech & Lithuanian nuclear reactors will require steel
Steel orders rose again in Germany from May to June
Impress takes over Spanish fish can maker
Ilyich aims to restart largest furnace sooner than planned

Asia
Russia’s Amurmetall restarts production
Hwangyoung Steel stops 100-t EAF for repairs
Shougang buys 90% stake in Changzhi Steel
China real estate sector strong in July

North America
US imports of Korean coiled plate up by 200%
Production up again at US mills, but slightly
China leads recent decliners in US import data
US longs maker Keystone sees increasing shipments
Argan acquiring United American Steel in $50m deal
Lakeside hires former Stelco exec as president and COO
Union: Mexico's Viga Trefilados suspends production
Posco eyes expanding US-Mexican auto sheet demand
US sheet prices continue upward climb

Latin America
ArcelorMittal Brasil commissions service center in Peru
Venezuela's Sizuca revamping rolling mill
Gerdau still studying greenfield mill in Pérez, Argentina
Usiminas Mecanica begins work on Cosipa hot strip mill
Brazil's CSN foresees strong H2 shipments

Middle East & Africa
Turkish flats prices rising, higher import prices expected
Emirates market stable: sellers seek to avoid volatility

Scrap & Raw Materials
Palladon's Utah iron deposit meets prior 40m s.ton estimate
ArcelorMittal to continue mining Russian coal
Turkish demand for imported scrap remains weak
Turkish mills raise buying prices for domestic scrap
International market will need US coking coal
UK scrap prices firm again on export & domestic demand
Magang develops captive iron ore mines
Indian pig iron tender attracts higher priced bids
Fortescue posts first profit, but production off target
China coke prices strengthen while exports stagnate
China accuses Rio of overcharging for iron ore by $102bn

Tubes & Pipes
Man Industries loses little on Arkansas pipe mill pullout
Tenaris to open pipe service centre in Libya
Global oil/gas drilling rig numbers well down year-on-year
Maruichi proceeding with Vietnam pipe mill
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forum.worldsteelprices.com/post?id=36...

WORLD (GLOBAL) - ALL PRODUCTS COMPOSITE CARBON STEEL PRICE FORECAST

As predicted, the MEPS- Global Carbon Steel price moved up by over 1 percent in July. Higher input costs forced local producers to implement advances in domestic selling figures, with varying success across the three regions and products researched. Strip mill categories recorded the largest gains. Inventory adjustment is almost complete, with some shortages developing. Consequently, many distributors increased their purchases with local mills. Delivery lead-times lengthened. Output restrictions were eased by some steelmakers. Sales to the automotive and bridge building sectors recovered slightly. However, end-user demand was lacklustre, particularly from the construction sector in most countries. Many customers are still working at reduced operating levels and taking extended summer holidays. Export opportunities from east to west remained low due to weak global consumption. Banks remained reluctant to lend to businesses, negatively affecting buying power.



Rising input costs are likely to force mills to push through additional increases in transaction values during the remainder of 2009. Distributors may buy ahead of further perceived price hikes as they attempt to refill depleted inventories. However, the summer slowdown in the west could restrict these advances initially. World steel consumption is forecast to remain subdued this year. Most customers in the EU and US will also keep their re-stocking efforts to a minimum in the run up to the financial year end. Consequently, the recovery in steel selling figures is expected to be restrained during the fourth quarter.



Many western consumers are likely to increase their purchasers of steel related products by early 2010. Moreover, credit restrictions should reduce, stimulating demand across the supply chain in all regions. Further advances are, therefore, forecast for the first half of 2010 as the world economy emerges from the recession. However, this upturn is predicted to be much slower than the ones recorded in recent times because many companies will still be feeling the after effects from the recession.



EU – ALL PRODUCTS COMPOSITE CARBON STEEL PRICE FORECAST



The MEPS - EU All Products Composite transaction value slipped marginally in July. Strip mill prices increased as de-stocking came to an end, despite poor end-user consumption. Sales to the automotive and bridge building sectors recovered slightly. Some distributors bought ahead of the summer shutdowns in a bid to expand their availability for September. This, coupled with continued output restrictions, helped producers to obtain modest price advances for most flat products. However, a fall in scrap costs during June resulted in a significant decrease for long categories. Producers offered discounts in a bid to secure orders because construction activity was subdued.



The MEPS – EU All Products Composite transaction price is forecast to increase after the summer period. Rising raw material costs and some re-stocking are likely to put upward pressure on steel values. However, downside risks remain. End-user consumption is likely to stay low during the second half of this year. Oversupply may also become a feature of the market, once again, if local mills ramp up production too quickly. Pressure from imports could return in the fourth quarter if domestic transaction values move up significantly. These factors are expected to limit the size of any rises in selling figures in the final quarter of 2009.



A revival in the steel market is predicted for 2010 with transaction values moving higher during the first half of the year. Purchase volumes should grow as the economic climate improves and credit restrictions ease. However, we do not envisage a return to previous market conditions in the medium term. The recovery is likely to be slow. Therefore, prices are projected to remain below those in the growth years of 2006, 2007 and 2008 over this forecast period.



NORTH AMERICA – ALL PRODUCTS COMPOSITE CARBON STEEL PRICE FORECAST



The MEPS – North American All Products Composite transaction price moved up by almost $US30 per tonne in July. This was a slightly larger increase than we had anticipated in our June forecast. Rising scrap costs put upward pressure on steel selling figures. There was little or no import competition. Inventory levels decreased and service centres began to refill gaps in their stocks. Consequently, distributors increased their purchases with local mills. Delivery lead-times lengthened. US steelmakers continued to lift production - with crude steel capacity utilisation rates moving above 50 percent for the first time since November last year. However, the market remains weak. End-user demand is lacklustre, particularly in the automotive and construction sectors. Many customers are still working at reduced operating levels and taking extended summer holidays.



A rise in scrap values during July resulted in most US mills announcing significant price advances for both flat and long products in August / September. A lack of import pressure could help them to secure a large proportion of these increases. However, the summer slowdown could make it difficult for local producers to pass on the full amount to customers. Sales volumes from domestic producers are likely to increase as distributors begin to refill depleted inventories. Nevertheless, the recovery may be short lived. There is potential for raw material values to soften over the coming months. Underlying consumption is expected to stay weak throughout the second half of 2009. Most customers will also keep re-stocking efforts to a minimum in the run up to the financial year end. Consequently, we foresee a modest dip in steel selling figures during the fourth quarter.



The economic situation should begin to improve early in 2010. Moreover, credit restrictions should reduce, stimulating steel demand across the supply chain. Consequently, the steel price revival is forecast to resume in the first half of next year. However, this upturn is predicted to be much slower than the ones recorded in recent times because many companies will still be feeling the after effects from the recession.



ASIA – ALL PRODUCTS COMPOSITE CARBON STEEL PRICE FORECAST



The MEPS – Asian All Products Composite transaction price expanded by approximately 1 percent in July. This was in line with our June forecast. However, movements across the nine categories researched were mixed this month. Higher input costs forced local producers to implement advances in selling figures, with varying success across the region. Increases were noted in four products and the other five recorded decreases. The manufacturing, automotive and home appliance sectors improved in Japan, mainly due to the government’s economic stimulus plans. Car sales and construction activity strengthened in China. State funded schemes supported the recovery of long product shipments in Taiwan. Inventory adjustment across the region is progressing, with some shortages developing, particularly for strip mill material. Export opportunities remained low due to weak global consumption.



Higher input costs are likely to force mills to push through additional steel price advances during the remainder of 2009. Customers will, almost certainly,
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European rebar prices moving up slowly, plate weakens
The latest reference prices released by The Steel Index show that European rebar prices have risen since last week, but plate prices are slightly weaker. However, the US plate reference price is just higher.

The southern European rebar reference price has increased to €360/tonne ($517/tonne) since last week, and the average delivery lead-time is just shorter at 3.7 weeks. The northern European rebar reference price ex-works also rose, by €9/t, and the average delivery lead-time is more than a week longer than last week at 4.2 weeks.
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TODAY'S TOP SBB HEADLINES
China's steel output, iron ore imports hit record levels
Russian coil prices strengthen some more
European rebar prices moving up slowly, plate weakens
Indian HDG, CRC export prices on the rise
Export surge boosts Japan’s ordinary steel orders
Turkish bar exports down by a quarter in July, y-on-y
Egyptian rebar market demand slows
Five new mills to contribute to US large-diameter pipe clog
Plate increases may be scorched by weak orders in Brazil

Europe
Bulgarian steel production fell significantly in H1
SBB Special Report: Car scrappage deals postpone sales slump
Riva crude steel output down slightly in 2008

Asia
Mechel & Mitsui plan metal & raw material joint ventures
China ship building and auto to use 28m t of steel in 2009
China to build world's largest trans-ocean bridge
Vietnamese demand for long products continues to grow
Shagang nudges rebar prices up while spot slides
Korean sections prices to climb by KRW 50,000/t
HRC under pressure from Gwangyang furnace trouble

North America
CSI ships more, profits less in Q2, but uptick seen
US DOC makes final ruling in China cut-to-length plate case
Japan, Italy lead the way in US rail import rise

Latin America
Argentina's mills get boost from exports
Ecuadorian rebar prices stabilize at US$650-700/t
Venezuela's auto sector drops again
Brazil's rail imports steady with Austria as top supplier

Middle East & Africa
Saudi Arabian flat prices rise, demand good
Turkish flat coil imports decline by 42% y-o-y in June
Libyan rebar demand to increase in medium term

Scrap & Raw Materials
Chile's CAP plans to deepen ties with Mitsubishi
Spot sales to China support Ferrexpo’s ore business
Korea's, Daewoo buy into Whitehaven coal project
China coking coal producer raises coal prices
Port decongestion pushes Capesize freight rates lower
Australian officials visit detained Rio Tinto exec in China
Spot iron ore prices in China hit record high this year
Fortescue said sourcing $1bn from China
Japanese scrap export prices jump in Kanto auction
Brazilian manganese domestic consumption on the rise
Tata to cut Corus's reliance on external raw materials

Stainless steel & Ferro-alloys
Turkish imported stainless coil prices up, real demand low
Molybdenum brighter as demand from all sectors rises

Tubes & Pipes
Turkish pipe export prices increase despite low demand
Hebei Wenfeng to start new welded pipe mill
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Czech government rejects steelmaker's request for aid
The Czech government has turned down ArcelorMittal Ostrava’s request for state aid to subsidise the salaries of 500 of its workers who are currently on paid leave, a Czech government representative informs Steel Business Briefing.

The workers, who have been on leave for several months, are being paid 70% of their usual salary by the steel plant, which is thought to be spending CZK 28m (€1.07m) for this purpose.
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TODAY'S TOP SBB HEADLINES
China books billet imports; offer prices to SE Asia rise
Turkish billet exports more than double month-on-month
Majority expect prices will continue to rise -TSI
SBB Special Report: Chinese HRC prices start to stabilize
Japanese mills eye $600/t for HRC from Korean re-rollers
Sources say US Steel preparing for Great Lakes restart
Offers for Brazil's pig iron surge to US$330-340/t fob

Europe
Corus may raise output at Teesside beam mill
Arvedi's new endless HR strip line said to cut costs
Czech government rejects steelmaker's request for aid
Corus IJmuiden’s new ladle furnace not yet operational
German cold rollers see orders down 40% in 2009

Asia
Chinese domestic CRC prices dip slightly
More price hikes expected from China Steel Corp
China's Tiantie starts first wire rod line
Posco denies plans to sell Posco C&C to Union Steel
Shagang to put new hot strip mill and BF on stream
SAJ dismisses likely ship plate demand decrease

North America
September transaction prices on WF beams unchanged
CSI executives not sure when slab purchases will normalize
Timeframe for Granite City furnace restart uncertain
Mexico's construction activity continues to drop
Allegheny announces 9% electrical steel surcharge hike

Latin America
Chilean group CAP reports H1 loss, but H2 looking better
Imports drop within South America; Brazil's purchases up
Brazilian mills 'passing' on US$500/t fob buy offers for rod
Colombian construction prices drop again in July

Middle East & Africa
Turkish galvanized demand is firm
Kardemir goes for higher list prices
UAE coil market slackens, but import offer prices rise

Scrap & Raw Materials
Venezuela's FMO workers go on strike
Indian domestic metallics prices show upward trend
BHPB believes Chinese demand could slow
Iron ore concentrates market varies across China
Rio execs charged with bribery and secrets infringement
CSA starts Shandong pig iron plant
MMK starts mining at new iron ore deposit
ArcelorMittal to invest in Russian coal mine
Ukrainian miner's H1 iron ore output down, but pellets up
Chinese pig iron output peaks in July
Gujarat NRE to start longwall mining at Aust mine

Stainless steel & Ferro-alloys
Egypt reduces export tariff on stainless steel scrap
Typhoon halts Chien Shing stainless mill
Posco delays opening stainless export prices a week
Taigang Stainless 304 prices surge another $175/t

Tubes & Pipes
Oil/gas pipeline construction activity buoyant says analyst
Spanish tubemaker to cut distribution jobs
NA rig numbers climbing, still only half of 2008's total
Turkish domestic pipe prices increased on higher coil costs
Domestic pipe makers supply Guangdong project
Chinese seamless pipe prices soften
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ArcelorMittal H1 sales in Romania down by 68pct YoY
Friday, 14 Aug 2009
It is reported that ArcelorMittal' sales in Romanian market in the first half of 2009 decreased by 68.3% YoY to USD 258 million as compared to USD 813 million in the same period last year.

The reduction was sharper than the average sales decrease of 61.2% registered by ArcelorMittal in Europe and was caused by low demand from Romania’s machine building, shipbuilding and construction industries, which due to the crisis also registered a sizeable reduction of orders.

Due to decreased sales, ArcelorMittal's largest Romania based subsidiary ArcelorMittal Galati in the first 6 months of 2009 closed almost half of its production capacities and laid off about 3,000 workers under a voluntary leave program. In January to June 2009, the plant produced between 500,000 tonnes and 600,000 tonnes of steel as compared to 2 million tonnes produced in the first half of 2008.

Meanwhile, trade unionists have claimed that ArcelorMittal Galati has violated the plant's privatization contract, by closing its coke plant Uzina Cocso Chimica in May. The company has denied the allegations and is expected to negotiate with Romania’s Authority for State Assets Recovery for an addition to the privatization contract signed in 2001, which will guarantee the continuation of investment and the functioning of the plant, and will also include an investment package for coke production.

ArcelorMittal has also denied local media reports which say that its other Romania based subsidiary ArcelorMittal Hunedoara might be shut down by the end of the current year, and that the plant is gradually selling off its rolling mills for scrap. Meanwhile, according to the reports, trade unionists at the plant intend to sue AVAS and ArcelorMittal for violation of contractual obligations and for the destruction of the Hunedoara plant.

In Romania, ArcelorMittal owns the Hunedoara and Galati steelmaking units, ArcelorMittal Tubular Products Roman, ArcelorMittal Tubular Products Iasi, the Romportmet Galati harbor and the local branch of its construction company ArcelorMittal Construction.

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Stemcor's European & stockholding operations suffer in H1
The weak European market and a stockholding business afflicted by lower volumes has pushed London-headquartered independent steel trader Stemcor to a first-half operating loss.

Overall invoiced tonnage for steel fell 32% to 3.2m tonnes, and the distribution and stockholding operation suffered from a 49% drop in volumes as well as stock and debtor write-downs. As a result, around 5% of the company’s 1,400 employees were made redundant, primarily in Europe.
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TODAY'S TOP SBB HEADLINES
China says no new steel expansion approvals for 3 years
Real demand needed to support higher prices - WSR
N. European strip prices continue to strengthen
Ship plate import prices move up to $600/t in SE Asia
Chinese domestic plate prices fall, export prices stable
OECD economic indicators point to emergence from slowdown
CIS billet export prices peak, eyes on Turkey
Brazilian mills to get higher slab export prices in August
SBB Special Report: 'Flurry of action' behind US BF restarts

Europe
Klöckner takes up hunt for larger takeover targets
Stemcor's European & stockholding operations suffer in H1
Salzgitter posts H1 loss; tubes remain profitable
Germany’s DEW raises tool steel base prices
Salzgitter sees stronger demand for flats going into H2
Klöckner recovers in Europe sooner than in N. America
Evraz issues 7.3m shares in favor of controlling shareholder
Severstal & Gonvarri seek EC approval for joint venture

Asia
Indian galvanizers hike prices in August
Chinese domestic HRC prices continue downwards
Shanghai H-beam prices drop
Chinese domestic billet prices drop
Hysco's CRC output jumps 58% q-o-q in Q2
Japanese eye recovering Thai auto sector

North America
US exports rebound; sales to India, Panama, Nigeria boom
US rebar, merchant bar transaction prices unchanged
Furnace problem indefinitely delays USS Great Lakes restart
Mexico's automotive sector still depressed
Nucor tries $40 plate price hike for September

Latin America
Work advances for Vale's greenfield mill in Pará
Colombian iron and steel imports drop 26% in H1
Another MoU suggests a go-ahead for Brazil's Pecém project
ArcelorMittal Inox reduces electrical steel output in Brazil

Middle East & Africa
Turkish mills press for higher domestic rebar prices
Turkish flat product exports increase by 50%
Egyptian strip market on hold
Turkish sections exports continue to slow

Scrap & Raw Materials
Brazilian manganese producer moves towards FeMn market
Vale Inco's Canadian nickel operations still mired by strike
Felix Resources recommends Yanzhou Coal offer
Fortescue poised to announce new funding deal for expansion
"Ridiculous" climb in Chinese EMM export prices
Xilin Steel to get more local pellets
Japanese scrap exports surge
Patchy iron ore benchmark deals leave pellet maker exposed

Stainless steel & Ferro-alloys
EU investigates stainless fastener dumping allegations
New ferro-alloy smelter to be built in Indonesia
Asian stainless prices continue surging
Nickel prices seen hovering around $20,000/t

Tubes & Pipes
Spanish tube maker announces temporary lay-offs
South Stream gas pipeline project progresses
China’s welded pipe prices falling slowly
Korea tries again to sell its 3,000 t of ERW pipes
China builds giant power pylons using pipe
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EU investigates violation of AD on ropes/cables from China
The European Union is initiating an investigation concerning the possible circumvention of anti-dumping measures imposed on imports of carbon steel ropes and cables from China, Steel Business Briefing learns from an official document.

Chinese manufacturers are allegedly avoiding duties by transhipping steel ropes and cables via Korea and Malaysia according to a preliminary investigation. In addition there is evidence that the increased volume of imports is at prices “well below the non-injurious price established in the investigation that led to the existing measures,” the EU says.
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TODAY'S TOP SBB HEADLINES
Buyers hesitate as HRC offers rise in SE Asia
North Europe plate market sends out mixed price signals
Chinese plate export prices to Korea up by $40/t
Japanese mills eye higher H-beam export prices
Nucor ups spot sheet prices by at least $30-40/s.ton
Brazil: mill restarts have strong impact on July's output
CIS rebar/rod prices rise on higher billet, demand still low

Europe
EU investigates violation of AD on ropes/cables from China
Disparity between UK & mainland EU strip prices ‘perplexing’
TK’s steel divisions post losses on lower demand & prices

Asia
China to spend $300bn on rail over next 3 years
Chinese rebar/rod output slightly down in July
China shipbuilding completions up 78% y-o-y
Stimulus measures help China auto sales pass 1m in July
Posco-Nippon Steel jv starts Vietnam coil sales
Recovery will come from Asia, says Danieli

North America
September wire rod prices going up $10/s.ton in US market
Gerdau Ameristeel, USW continue Sand Springs talks
Mexican rebar prices increase again in August

Latin America
Votorantim denies postponement of Colombian project
Votorantim wins 100,000-tonne contract in Brazil
More steel imports unloading in Brazil's Ceará state

Middle East & Africa
Turkish flat steel demand good, but outlook unclear
Turkish wire rod exports rise on more buying from Asia

Scrap & Raw Materials
Curtin named president and CEO of Tube City IMS
H1 Colombian ferronickel exports increase in volume
US Great Lakes iron ore, limestone shipments up in July
Near-term ore swaps fall on softening physical prices
Iron ore price comes off recent high - The Steel Index
Mechel appoints new head of mining subsidiary
Lower iron ore prices and demand impact LKAB’s Q2 result
BHPB extends nickel deal with Mincor
Scrap import prices continue to sizzle in east Asia
SBB Special Report: India tweaks rules on scrap imports
Stalled iron ore talks sees CISA increasingly marginalised
Yanzhou Coal confirms takeover of Australian miner
Heilongjiang Jianlong achieves 1.8m t/y coke capacity

Stainless steel & Ferro-alloys
US stainless exports up, slight backslide evident
Improving demand propels ferro-silicon price upwards
Yusco 300-series export prices surge $320-600/t
Chinese stainless steelmakers keep output high
Chinese FeSi,SiMn prices surge
India’s RINL to build SiMn, FeSi smelter
US stainless shipments rebound slightly

Tubes & Pipes
Romanian pipe maker's revenue halves in H1
Lakeside will add end finishing, hopes to add USS Canada
Chinese pipe mill gets government support for new projects
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Tuwairqi links with Korean firm for projects in Pakistan
Tuwairqi Steel Mills, the Pakistan subsidiary of Saudi Arabian Al-Tuwairqi Steel company, has established a joint venture with the Korean engineering company Speco to offer services in the engineering, procurement and construction market in Pakistan and the Middle East.

The new joint venture will provide fabrication and technical expertise in Pakistan to enable foreign investments in the country for power generation and steel making. Steel Business Briefing learns from Tuwairqi that the Pakistani government intends to make huge investments in energy and industrial infrastructure by 2015.
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TODAY'S TOP SBB HEADLINES
Global demand expected to be steady: The Steel Index survey
Korea’s tight HRC supply lifts CRC export prices
Chinese mills unable to stop billet prices from falling
Corus to restart hot strip mill, maybe blast furnace too
Global construction recovery – some much quicker than others
N. European sections market gains some confidence
TK Stainless Alabama mill may be postponed to 2013
Venezuela promises HBI restart after takeover of Matesi

Europe
Istil UK merchant bar mill still not operational
New investor hopes to rescue Polish shipyards deal
Turkish auto sales decline by 32.3% in July

Asia
China's Magang posts $116m first half loss
Malaysia exempts mandatory standards for steel imports
Suzuki Metal boosting capacity at China wire subsidiary
China's Angang keeps September HRC prices unchanged
Indian mills mount belated challenge to Korea trade deal

North America
TK's foreign trade zone request faces US opposition
Worthington completes 1st phase of Mexican processing JV
ITC says Chinese downstream imports harming US industry

Latin America
Chile's construction market gets worse
Brazilian billet exports drop, prices increase
Peru's construction sector continues to decline
Central American longs prices to rise, sources say
Price hikes predicted for Brazilian MBQ in September

Middle East & Africa
Tuwairqi links with Korean firm for projects in Pakistan
Saudi Arabian billet imports slow on approaching Ramadan
CIS billet offers to Turkey rising, but little trade
Turkish rebar mills finding it hard to recover input costs
Iran moves forward with DRI and billet projects
Israeli steel company sees H1 profits decline
Iran semis producer raises output 13%

Scrap & Raw Materials
Germany's Rogesa has no date yet for blast furnace restart
Czech coal miner gears itself for increased demand
Brazilian iron ore exports hit nine-month high
Turkish scrap imports failed to recover in the first half
LKAB to return to full production from September
ENRC’s iron ore and alloy output shows signs of recovery
Italian scrap prices could rise from mid-September
Zhangjiagang port sees first iron ore shipment from Thailand
SBB Special Report: India hikes iron ore mining royalty
Chinese ferro-alloy export prices steady but under pressure
China iron ore concentrates prices continue to drop
Brazilian iron miner MMX improves profits, sales volume

Stainless steel & Ferro-alloys
Posco ups stainless export prices by $600/t for Sep-Oct
'Normality' returns to European FeNb demand, prices steady
Water supply cut to nip 20,000t of stainless output at Yusco
Better FeCr prospects may spur prices higher, ENRC says

Tubes & Pipes
Tianjin Youfa commissions new hollow sections project
Line pipe and OCTG stand out among US P&T exports
Thai pipemaker Southern Steel plans IPO
Turkish pipemaker's H1 profit slumps
[verwijderd]
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Russia uses under half of EU import quota for HRC so far
Russian companies have so far applied for licences to use 44.8% of the quota imposed by the European Union on imports of hot rolled coil from Russia. This equates to 475,700 tonnes - less than half of Russia’s total HRC quota for 2009 of 1.06m t.

The take-up by Russian companies of the EU quotas on imports of other steel products to date is lower still. They have applied for licences to use 37% or 225,886 t of the 2009 quota for ‘other flat rolled products’, 36.3% or 39,060 t for alloyed products, 22.2% or 25,023 t for alloyed cold rolled and coated sheets, 19.1% or 63,390 t for wire rod, 17.8% or 50,248 t for heavy plate, and 12.3% or 64,109 t for ‘other long products’.
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TODAY'S TOP SBB HEADLINES
North European coil prices continue to strengthen
SE Asian billet importers await direction from China
Nippon Steel goes for higher H-beam prices in September
World output continues recovery, China tops 50m t/month
SBB Special Report: Wind farms to spur EU plate use mid-term
Domestic prices for HMS scrap hit R$400/t in Brazil
AIIS calls on US government to finally nix 'zeroing'

Europe
Turkey’s Erdemir reports loss, may return to profit by Sept
Lucchini Piombino restarts blast furnace today
Slovak-Ukraine dispute resolved; USSK unaffected
Russia uses under half of EU import quota for HRC so far
Turkey’s Kardemir seals more rail sales to MidEast
Voestalpine reports Q1 loss, but sees signs of improvement
CIS producers to see slow rebound in 2010: ratings agency
Corus confirms strip mill restart

Asia
Pakistan Steel awaits government decision on expansion plan
Shougang first half profit slumps 83%
Shangang-Rigang set to formalise merger: media
Posco denies talk of moving Indian project site
Chinese HRC export prices to Korea down by $40/t
China's Songting starts building new wire rod mills
Hyundai eyes domestic H-beam price rise
Tokyo Steel considers adding box columns at Tahara

North America
Study: 'Cash for Clunkers' running out of gas with buyers
US bright bar surcharges increase
Toro says 2009 revenue down significantly year-on-year

Latin America
Peruvian angle export prices flat in August
Argentina's steel activity continues to increase m-o-m
Argentina's Siderar reaches flat-rolled high point in July

Middle East & Africa
Libyan I&S turns to domestic market as exports decline
Egyptian strip market slows as Ramadan starts
Khuzestan strives for self-sufficiency with new power plant

Scrap & Raw Materials
Capesize freight rates continue to soften
Spanish scrap increases, prices over €200/t
Turkish scrap booking continues, prices are increasing
Iron ore trade remains steady on strong Chinese demand
Rio Tinto/BHP Billiton joint venture 'on target for 2010'
Rio Tinto still hopes for benchmark settlement with China
Sims sees recovery in scrap demand and prices
Spot iron ore price dropping rapidly in China
Another Hong Kong company invests in Mongolian iron ore

Stainless steel & Ferro-alloys
Sentiment more positive in UK stainless coil market
Dongbei Special Steel acquires stainless CR strip producer
Chinese FeCr import prices hold steady for now

Tubes & Pipes
China’s seamless pipe production fell in July
PSL wins another pipe contract from Gail
China’s welded pipe prices continue to fall
[verwijderd]
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European stainless surcharges jump on high Ni & Mo prices
European alloy surcharges on flat rolled stainless steel will increase by almost 40% in some cases in September compared to August levels, the first announcements by mills using the “short fuse” alloy monitoring period indicate.

Nickel has surged during the four-week alloy price window used to calculate September surcharges, with the LME cash price recently peaking at more than $21,000/tonne. This compares with a top value of €16,250/t in the period used to set August’s surcharges.
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TODAY'S TOP SBB HEADLINES
CIS billet offer prices hold firm in quiet week’s trading
ArcelorMittal restarting another US blast furnace
SE Asian coil prices weaken on fears of oversupply
India halts HRC AD probe, still mulls safeguard duties
Brazil's 300 & 400 series stainless prices to increase
SBB Special Report: CISA climbs down after ore talks flop

Europe
Turkish billet market strong, merchant bar offers follow
ArcelorMittal confirms restart of Belgian blast furnace
Latvian steelmaker sees signs of market recovery
Turkish mill Kardemir reports $31.3m loss on falling sales
LME billet trading hit year's peak in July
Turkish rebar exports slow, domestic stocks rise
Danieli considers building new special steel plant
Scrappage scheme lessens fall in UK car output: SMMT
Correction: Vorskla Steel Denmark

Asia
India’s Welspun advances slab plant project
China extends investigation into imports of US silicon sheet
Hyundai Steel plans to hike rebar export prices
Chinese HRC prices rebounded on Friday
Angang to restart rebar making
Rebar prices strengthen after Shagang reduces prices
China Steel's No.3 blast furnace restart expected this week
Japan’s raw steel output climbs in July
JFE Steel to supply API-grade coil to Turkish pipemakers

North America
German company takes over Tennessee turbine maker
End-users feeling more optimistic in North America
Union: US Steel preparing Canadian blast furnace for restart
US stimulus dollars fail to materialize so far: contractors
US silicon sheet producers respond to Chinese allegations
US 'Cash for Clunkers' program ends

Latin America
Acerbrag sees 'gradual improvement' in Argentina demand
Bolivian steel demand sees improvement in July
Colombia's construction industry continues to fall
Service center expands in Brazil's Piauí state

Middle East & Africa
UAE flat steel demand declines, prices keep rising

Scrap & Raw Materials
RMDAS shows August US scrap prices up $13-22/l.ton
Dannemora starts talks with potential iron ore buyers
Turkish mills raise buying prices for domestic scrap
Venezuela's FMO workers end strike
South African miner approves expansion plan
Rio Tinto's coal earnings higher on improved demand
Iron ore miners settle claim-staking dispute in Sierra Leone
Spot iron ore prices fall back sharply, says The Steel Index
Rio Tinto spot sales dry up as mills choose Asian benchmark
Baotou Steel moves to secure nearby pellet supply
Korean rise in scrap prices likely to be short
Wesfarmers reports strong met coal sales
Pakistan scrap imports declined in July

Stainless steel & Ferro-alloys
European stainless surcharges jump on high Ni & Mo prices
Asian stainless prices defy commodity price falls

Tubes & Pipes
DOC cancels duty review of Korean pipe maker
Turkish pipe exports fall despite strong MENA buying
China’s seamless pipe prices falling
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Higher strip prices forecast to stick in N & S Europe
The European strip market has undergone a significant change in the last few weeks as coil prices have strengthened considerably on the back of low availability of material. The market is now asking whether these higher levels will be consolidated.

“The market is relatively nervous because the number of blast furnaces still idle is considerable,” an executive at a major steelmaker in Western Europe, who did not wish to be identified, told Steel Business Briefing. “At least 20% of blast furnaces are still idle and although demand remains low, it does exceed the availability of material on the market.”
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TODAY'S TOP SBB HEADLINES
Most US coil prices rise; Europeans steady - The Steel Index
Rebar import market in SE Asia remains sluggish
China's Wugang cuts September price increases in half
Israel cancels provisional duty on rebar imports
Producers 'running over' tube distributors in Brazil
Cash for Crispers? US launches home appliance rebate plan

Europe
Turkish flat product market scents further price rises
Higher strip prices forecast to stick in N & S Europe
Corus Northern Engineering Services begins redundancies

Asia
Government appoints new chairman for Pakistan Steel
Liugang first half net profit down 249%
Magang raises September H-beam prices
China's Xinhua Metal to expand pre-stressed cord capacity
Chinese domestic CRC prices begin to firm
Nippon Steel hikes blackplate, tinplate prices to SE Asia

North America
Mexico's H1 steel output drops 32%
FreightCar America not in compliance with Nasdaq rules
No agreement yet in ArcelorMittal Lázaro Cárdenas strike
Steel production in Canada rises 32%
Union: AK's Ashland employees returning to work
Corus-Fast Steel legal dispute continues

Latin America
Brazilian rebar export offers rise amid lack of material
Chile's Huachipato prepares for stronger H2
Brazilian flats stockists top 300,000 t of July shipments
SBB Special Report: Brazilian wire market sees recovery

Middle East & Africa
Rajhi Steel sign contract for new 1m t/y rebar plant
UAE rebar prices move higher on increasing costs
Iranian rebar market slows with start of Ramadan
Iran sees sharp increase in billet and coil imports

Scrap & Raw Materials
Polish government plans financial aid for coke producers
Indian scrap dealers form new group to press for freer trade
Indian Railways slaps on a new iron ore freight surcharge
Chinese pig iron prices continue their fall
Sojitz sells out of Australian coal miner C&A
China nickel imports hit another new high in July
ENRC sees global market for iron ore picking up
Iranian miner raises output of iron ore

Stainless steel & Ferro-alloys
Better mood as European stainless coil prices continue up
Korean special steel makers to lift longs prices from Sept
Chien Shing stainless mill still under repairs
Outokumpu to end all Tornio lay-offs by early October
Strong recovery in Chinese Mn alloy, ore demand, says OMH
Rivals calm as Posco doubles stainless CR capacity
ArcelorMittal Ribeirão Pires sees output approach 'normal'

Tubes & Pipes
Severstal installs plant for Vologda hollow sections mill
Rig numbers continue climb despite mild hurricane season
Turkish pipemakers prefer Japanese HRC for Algerian project
Turkish pipe export prices advance despite slow demand
Overcapacity looms as China rushes to build pipe mills
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Ferro-tungsten price rise may not last, says analyst
The recent rise in the price of ferro-tungsten to its highest level since February may not be sustainable, an industry analyst tells Steel Business Briefing.

The price of ferro-tungsten in Europe is currently $28-29.5/kilogram (€19.5-20.5/kg), up from $25.5/kg last month and getting closer to its pre-economic downturn price of $36/kg at this time last year, a UK-based trader says. He added that the rise in price is due to “a shortage of concentrate in China.”
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TODAY'S TOP SBB HEADLINES
EU rebar prices steady, plate up in US, says The Steel Index
Korean rebar, H-beam demand rises ahead of price hikes
Anshan Steel raises HRC export prices to Japan again
Japanese scrap prices turn down, both home and export
Southern European strip prices remain steady
US imports rebound with help from Mexico, Japan
Brazilian pig iron market attracting US minimills again

Europe
Turkish domestic rebar hangs on to higher price level
Turkish long crude steel output down by 5.9% in July
Russia's Mechel sets up in South Korea
Turkish colour-coated coil demand good, prices steady
Severfield-Rowen looks set to reduce capacity in UK
VTB Bank representatives join Metalloinvest board

Asia
Higher HRC ex-works prices fail to stabilise spot market
Indian domestic billet prices edge higher
Tanggang sees electric future for Q460 angles
Malaysia’s Tong Herr to build billet plant in Vietnam
Jigang's new 1.8m t/y plate mill almost ready
Japanese mills, Korean yards close to ship plate deal
Malaysian blast furnace project awaits environment clearance

North America
CME's August HRC futures contract up $55 for August
US merchant bar and rebar imports on the rise
US mills boost capacity usage again as auto rebounds
Crucible Materials to be auctioned off September 21
Mexico's Ahmsa lifts output, but prices remain low

Latin America
Siderar: BF restart not to happen before March 2010
Brazil steelmakers group IBS changes name and brand
Brazil's output improves, but likely to drop 20% in 2009

Middle East & Africa
Saudi Arabian strip demand slows, prices unchanged
Iran plans to privatise bar/beam mill and coal miners
Mobarakeh to get €1bn to finance expansion project
Steel trading moves to Tehran as IME closes Esfahan branch

Scrap & Raw Materials
Kalouche, Aronson appointed to Tube City IMS posts
Polish coking coal producer sees market improving
Turkish pig iron imports recovered in June
Pakistan scrap prices increase, demand sees some revival
Corus's Teesside coke ovens to operate while TCP producing
New Iranian ore concentrator to start up later this year
Peru's ore output falls 26% after strike

Stainless steel & Ferro-alloys
AK Steel suing distributor/processor for $3m
Marcegaglia USA announces stainless pipe price hike
Ferro-tungsten price rise may not last, says analyst
Taigang holds stainless prices in weakening market
China’s stainless flat import surge continued in July
Greek ferro-nickel producer sale attracts investor interest

Tubes & Pipes
China OCTG dumping case delayed by US mills
Smaller Korean pipe makers plan ERW price hikes
Prices thought to have bottomed in EU seamless tube market
[verwijderd]
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Preview of Today's Top Article
Russia decides against AD duties on pre-painted imports
The Russian ministry of industry and trade has concluded that there are no grounds for imposing anti-dumping duties on imports of pre-painted steel from China, Taiwan, South Korea, Belgium, Finland and Kazakhstan. An investigation into these imports was opened in March 2008 at the request of Russian producers Severstal, Novolipetsk Steel and Magnitogorsk Iron & Steel.

The ministry did find evidence of dumping by the countries under investigation in 2007, but did not find evidence that this caused material damage to a sector of the Russian economy, Steel Business Briefing learns from a ministry document. The investigation focussed on cold rolled pre-painted and cold rolled and galvanised pre-painted sheet over 0.2mm thick and over 100mm wide.
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TODAY'S TOP SBB HEADLINES
Fewer companies expect higher prices: The Steel Index
Imported HRC continues upward trend in Southern Europe
Spot iron ore prices falling quickly in China
H-beam import prices rise further in SE Asia
Higher N. European rebar/rod prices stick in ‘sleepy’ market
Rod imports fall as US market tightens
Brazil's Samarco benefits from lower ore/pellet premium

Europe
Croatian rebar mill's future may be decided this week
Kia Slovakia's production increase to benefit steelmakers
Accident at Romanian billet producer suspends production
Turkish flat steel output increased in July
Russia decides against AD duties on pre-painted imports
Turkish alloy steel production was still sluggish in July
Turkish rebar exports slow, prices undecided
Turkey's Kardemir lifts some prices on higher scrap costs
Teesside Cast Products has orders until end-October

Asia
JSW halts new investment in greenfield projects this year
Chinese commercial car market sees sustainable recovery
Korea’s flat rolled stocks continue falling
Baosteel subsidiary Bayi Iron & Steel posts first half loss
China CRC exports lukewarm
Posco HRC exports for August delayed
Kyoei Steel lifts rebar prices again for September
Japanese stocks at key ports plunge to 5-year low
Baotou Steel's rail sales bolster H1 results

North America
USW local sues USS over Keetac layoffs
Reliance reports sales dip, but improved gross profit
US coiled plate imports up 63% in July, discrete plate down
American heavy structurals imports dip in July

Latin America
Peruvian bar export prices to Colombia climb in August
Monthly shipments increasing in Chilean market, CAP says
Brazil's CSN moving into longs - start-up in 2010 or 2011?

Middle East & Africa
Highveld remains concerned for short-term outlook
Egyptian strip market slow, waiting to see new prices
Semis producer reports profit despite difficult market

Scrap & Raw Materials
Vale Inco restarts limited production at Sudbury nickel mine
Vale not talking to CISA
Shanxi cuts coke reference price for August
Imidro sets deadline for iron ore price settlement
Iran aims to raise met coal output, halt imports

Stainless steel & Ferro-alloys
Villares Metals cautious but optimistic on European outlook
Chinese stainless prices plunge
Chinese FeSi export prices hold steady on tight supply
Chinese EMM export prices slip $50/t
Daye to build two new forging plants

Tubes & Pipes
Bulgarian tube producer increases capacity
Turkish pipe maker sees signs of revival in demand
US DOM tube prices to rise in September
Chinese ERW pipe maker approved by Iran
Pipe and tube imports flat in preliminary US report
Chinese OCTG exports challenged in Canada
Shandong building 6m t/y of new pipe capacity
[verwijderd]
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Molybdenum follows price decline of other raw materials
The past week has seen a slight drop in the price of molybdenum as it follows the trend of other raw materials’ prices, which have been impacted by slower activity in China.

Moly is now selling in Europe at around $17/pound (€11/lb) after reaching over $18/lb several weeks ago, Steel Business Briefing learns from a producer source.
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TODAY'S TOP SBB HEADLINES
Higher strip prices in Europe 'may not last long'
Hyundai raises all carbon steel list prices from 1 September
Salzgitter plans price rises for all product groups
Asia cools; price corrections ahead - WSR
India's Jindal could extend Bolivian investment plan period
US Steel to restart 2.3m s.t/y Canadian BF for slab output

Europe
N. European strip prices consolidate gains
Stefana goes for price increase on sections, bars
US Steel restarts blast furnace in Serbia
Izdemir reports sharply lower profit
Bulgarian government weighs options for Kremikovtzi
Turkish coil demand slows
Low output and fall in sales plunge Corus into losses
Special steel maker resumes production
Russia’s NLMK commissions enlarged slab caster
Germany's car scrapping scheme draws to a close

Asia
India’s Kamachi Group plans new bar mill
Pakistan flat market slow, local supply stopped
Tata Steel drops into red on Corus's weak performance
Fangda intends to buy into Nanchang Steel
China State Council addresses overcapacity in steel sector
India dismisses demand for HRC safeguard duty
Vietnam tightens licensing for steel projects
Wuhan Steel's profits decline by 90% in H1
Japanese exchange abandons scrap futures

North America
ArcelorMittal's US rod mill to remain closed
Nearly 700,000 cars sold under US 'Clunkers' program
Hatch exec: bulk of idle US BFs could stay down for good
July US HDG imports up nearly 21%, HRC and CRC are mixed

Latin America
Peru's steel market bets on construction for recovery
Votorantim already seeking export deals for new minimill

Middle East & Africa
Egyptian rebar demand strengthens on rising prices
Ezz profit falls, Egyptian market steady
Mobarakeh plans to increase exports, eyes new coating lines

Scrap & Raw Materials
Capesize freight rates continue to soften
Spectron launches iron ore broking
More Indian ports allow temporary scrap imports
Ferro-chrome offer prices ease in China
Scrap prices tumble in Japan, but set to steady
Lower offers trying to push Brazil's pig iron prices down

Stainless steel & Ferro-alloys
Molybdenum follows price decline of other raw materials
Turkish stainless coil import prices rise on supply shortage
Asian stainless prices hold up
Posco softens stainless export price hike for Sep-Oct

Tubes & Pipes
Welded pipe prices decline in China
Vallourec & Sumitomo to roll first pipe by May 2010
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