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June 5 2009

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Ageing population is bad news for European steel: Hatch
“I am very positive about world steel, but it is hard to be positive about European steel,” Rod Beddows, chief executive of Hatch Corporate Finance, told Steel Business Briefing’s Steel Markets Europe conference in Düsseldorf this week.

European consumers need to spend less and save more, he said. The savings rate in Europe has to rise to support an ageing population with growing pensions and healthcare requirements. This means less money to buy cars and other consumer goods.
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CIS billet exports are busy, price range widens
Plate imports remain uncompetitive in Southern Europe
Shipbuilders worldwide received no orders in May
Coil prices firm, as long prices face pressure - WSR
Top US mills up the ante on sheet price increases
Brazil's shipbuilders to buy US$1.8bn in steel through 2015

NLMK forges into production of longs with new director
ArcelorMittal's Ukraine mill studies three-day working week
Turkish mill raises its rebar prices
Long product prices are steadier in northern Italy
Voestalpine sees price recovery delayed to 2010
European stocks 'may not be reduced till September'
UK sections prices weaken, but may soon revive
UK car sales fall, but scrappage scheme inspires optimism
ArcelorMittal develops pre-galv crash barriers
Italian rebar producers increase extras
Ageing population is bad news for European steel: Hatch

New Indian ministers plan to allocate ore to new projects
Pakistan cabinet considers increasing import duties
Indonesian steel mills boosting output
China H-beam prices could drop, traders predict
Korea pushing up HRC output as demand recovers
Jiangsu province urges bigger market share of top 5 mills

North America
All USW workers back on job at Gary Works
Harsco's MultiServ shuttering Indiana Harbor East facility
Gerdau Macsteel winterizing Michigan plant
US ends review of HRC duties against three Indian mills
Union turns up heat over stalled Québec beam mill
Samuel Son & Co sues fabricator for breach of contract
AK Steel hikes electrical steel surcharge to $70/short ton
Mexico's Aceros Corsa sees 35% drop in Q1 shipments
US wire rod market gaining strength

Latin America
Brazilian auto sector reports higher output & sales
Argentina's auto industry shows signs of a recovery
Peruvian rebar export prices to Bolivia show a decline
Balanced LatAm stocks not expected until Q3, Ternium says
Colombia's Sidelpa steelworks faces forced suspension

Middle East & Africa
Ezz profit falls 85%, flat plant remains idle
Scrap & Raw Materials
Consol Energy of the US to restart Buchanan met coal mine
Pig iron import prices rise in east Asia
Pakistan scrap prices increase despite weak demand
Ferrexpo iron ore production rose in May
China rumoured close to accepting 33% iron ore price cut

Stainless steel & Ferro-alloys
US ending duties on Belgian stainless coiled plate
Stainless plate should start recovering in Q4, says Jacquet
Chinese 202, 430 prices rise on 300-series surge
Chinese FeSi prices inch lower
Asian stainless prices rise another $100/t on higher nickel
NSSC lifts austenitic wire rod prices
US stainless imports fall 4% in May

Tubes & Pipes
Brazil’s welded pipe prices decline 20% in April-May
Açotubo is expecting a sales rebound
India’s Man opposes effort to re-tender for pipeline
China’s welded pipe prices remain stable
China's TPCO signs pipe deal with Shell
SeAH Steel commissions new pipe mill at Gunsan
personalise your news
deze week rap naar de 30
alles wijst op verbetering van de grondstoffen
de markten lopen altijd 6 tot 9 maanden vooruit dus Arcelor ook
ik voorzie deze week een outperformend Arcelor op de hele beurs
zit hier behoorlijk pepositioneerd in
Heb mijn positie vorige week (te vroeg, dat wel) afgebouwd. Ben bang dat MT eerst nog lager gaat voordat het naar de 30 euro gaat. De Standard and Poor's heeft ook de rating weer verlaagd, zie ook dit bericht:
Bovendien is de beurs mij te positief en begon ik hoogtevrees te krijgen. Denk dat MT snel rond de 20 euro zal staan en misschien wel naar 17-18 euro. Ik wacht het even af op dit moment.
Ik geloof zeker wel in dit aandeel maar nu eerst een stap terug.
Ik ben bang dat sommigen zich mis rekenen op de veerkracht van dit aandeel.
Het is niet in te schatten wat het op korte termijn gaat doen.
Amerika beslist hierin, niet wij.

mister futurevision schreef:

deze week rap naar de 30
alles wijst op verbetering van de grondstoffen
de markten lopen altijd 6 tot 9 maanden vooruit dus Arcelor ook
ik voorzie deze week een outperformend Arcelor op de hele beurs
zit hier behoorlijk pepositioneerd in

Ik hoop het niet, maar ben toch bang dat je wat te optimistisch bent MF
AEX-fondsen op Wall Street, slot
08-06-2009 22:26:00
AMSTERDAM (Dow Jones)--Van de AEX-fondsen met een notering in de VS, staan er na het slot van Wall Street 7 op winst in vergelijking met hun slotkoers op de AEX, 0 onveranderd en 0 op verlies. Omgerekend boekt de AEX op Wall Street een winst van 2,15 punten (0,81)%.

De fondsen op een rij, met achter hun naam de koers op Wall Street (omgerekend in euro's) en het verschil tussen de koers in New York en de slotkoers in Amsterdam (in percentage):

Aegon 4,73 (1,07%) Arcelor Mittal 24,27 (3,10%) ASML Holding 14,72 (1,10%) ING Groep 7,83 (1,16%) Kon. Olie 19,58 (0,88%) Philips 13,83 (1,32%) Unilever 17,67 (0,57%)


Iig hoger gesloten in de US. Morgen een dagje plussen? mischien wel weer richting 25?

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EU industry may be forced to adopt new business model
Generally lower inventory levels and a tighter supply chain, including more just-in-time deliveries, are among the key elements in a new business model which could well be forced on European producers by the recession, according to Brian Aranha, chief marketing officer of ArcelorMittal’s flat carbon products operations in Europe. Aranha was speaking at Steel Business Briefing’s recent Steel Markets Europe conference in Düsseldorf.

Shorter pricing horizons in spot and contract markets too could be part of this new structure. Overall, Aranha envisages a more flexible and a more transparent industry in response to today’s “rapidly changing and unpredictable” markets. The industry may also have to work without credit facilities/credit insurance, he suggested.
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Steelmakers oppose threatened 'monopoly' in iron ore
China stunned by BHPB-Rio iron ore merger plan
CIS slab prices rise on higher demand and dollar weakness
Brazil restores 12-14% duties on sheet, plate and alloy bar
Germany’s Salzgitter lifts strip prices by €20/tonne
Chinese buying buoys scrap import prices
US mill surcharges likely flat for July deliveries

ArcelorMittal Poland appoints new CEO
ArcelorMittal Poland plant keeps medium sections mill
Estar's remaining Russian assets find new investors
Six German blast furnaces idled, but for how long?
Consolidation has not reduced price volatility: Klöckner
Turkish automotive sales increase by 25.7% in May
Turkish mill takes top off billet prices
Turkish flats imports dropped by more than half in April
Pig iron imports into Italy’s Marghera port rose in May
Opinion split on durability of UK merchant bar price rises
EU industry may be forced to adopt new business model

Chinese domestic galv prices continue to rise
Korea's DSME wins first ship order this year
Shagang may take over strip and HDG producer
Baosteel's Bayi Steel to build new bar mill
Malaysian mills raise bar and wire rod prices

North America
ThyssenKrupp Alabama hiring 1,000 workers
US wire decking industry seeking China AD/CVD duties
Analyst: US sheet market has hit the bottom
Tenova buys controlling stake in US cold mill maker
Titan Steel suing Tru-Spec for breach of contract
US CV duty order on Dongkuk plate to stay on the books

Latin America
Nippon Steel buys additional 1% of Usiminas' shares
Argentinean construction industry reports new decline
CSN sales will increase 17% this month
Chilean construction activity falls again
Brazil CRC prices to end users falling 'almost daily'

Scrap & Raw Materials
Italian scrap prices decrease, only shredded is stable
LKAB shortens summer stoppage as new orders arrive
Samarco's H1 sales may reach only 28% of is full capacity
Turkish buyers book new scrap imports, prices increase
Indian ore exports 'may benefit' from BHPB-Rio project
Little change to Rio projects under BHPB joint venture
Iron ore reference prices rise - The Steel Index
Iron ore pellets expected to see sharpest drop in price
EU mills seek deeper cuts in iron ore prices
Chinalco spurned as Rio turns to market and BHPB
Posco to buy 11% stake in South African manganese project

Stainless steel & Ferro-alloys
China may raise tax rebates for stainless exports
Posco raises stainless export prices for July shipments

Tubes & Pipes
Northwest Pipe lands $21m in orders
CMC suing Baker Sales Pipe for breach of contract
China seamless prices firm, but demand still low
Chinese-Malaysian firm starts up new pipe mill
Henggang to commission sinter offgas cleaner
Recovery difficult to anticipate, says Tubos Reunidos
Steel Business Briefing [

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Two new major steel players may emerge from crisis
One, possibly two, further major steel industry players with the size and influence of ArcelorMittal may emerge from the current global economic crisis, according to Dr Werner Kreuz, vice-president of management consultancy firm AT Kearney.

Speaking at Steel Business Briefing's Steel Markets Europe conference last week, Kreuz proposed that one of these players will come from Russia while the second will most probably be a Chinese company, possibly Baosteel.
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China finally raises export rebates for HRC and plate
Coil prices in US and Europe stable, says The Steel Index
Argentinean flats prices still depressed
Billet importers in SE Asia hold off buying
China falls from 1st to 6th biggest exporter
Plate unlikely to ride coattails of July US sheet price hike

Market might resume in 2010, says Manni
CIS flat offers to Turkey rise
Peine sections aim for €25/t price increase
Turkish mills raise rebar export prices
German output showed slight improvement in May
Klöckner raises €98m with bond issue
EU industry remains divided on price risk and LME futures
NLMK and Duferco inject cash into troubled joint venture
Kriviy Rih has no plans to increase pig iron production
Italian flat distribution to improve in Q4: Assofermet
Two new major steel players may emerge from crisis
Outlook for Poland ‘not that pessimistic’: Metal Expert

Shagang far from acquiring Panhua strip, HDG subsidiary
Export rebate rise may boost Chinese wire rod exports
China lifts HRC export offer prices to Korea by $20-30/t
Limited Chinese impact on SE Asian HRC mart – for now
Japanese integrateds to cut wire rod export prices
New car registrations in Korea jump 45% in May
China's Liaoyang Steel to start new wire rod mill

North America
US WF beam prices likely flat for July, sources say
ArcelorMittal offers buyout to salaried US flat carbon ranks
Gerdau Ameristeel halting production in New Jersey
SDI selling common stock and debt in deal valued at $706m
ISM survey: steel buyers to continue destocking
Mexico's automotive output drops 39% in May
Northwest Pipe gets $11m transmission pipe order

Latin America
Colombian auto industry posts down results
Gerdau Riograndense said to be slowly lifting output
Usiminas reconsiders some dismissals, keeps furnace idled
Brazilian expansion projects still on track, authorities say
Argentina's Siderar ships pig iron stocks to Tenaris Tamsa
Brazilian steel industry ups production, but revenue shrinks

Middle East & Africa
Iran's top steelmaker takes over ailing strip and pipe mill
HRC price rises as Iranian government mulls import duty
Egypt receives higher import offers for flat products

Scrap & Raw Materials
Lack of oxygen, tax threat hit Pakistan shipbreaking
Ore alliance calls on WA to provide rail access to juniors
China pushing for domestic iron ore tax cuts
Shanxi coke producers upbeat despite price trim
LKAB to produce 1mt extra fines and pellet during summer
Iran plans to mine more coal, expand blast furnace capacity

Stainless steel & Ferro-alloys
Clarification: NAS hike on depot orders only
Global stainless steel production hits quarterly low
NSSC lifts austenitic CRC prices but cuts ferritic
Jacquet: some upward movement in stainless plate prices
Stainless market bottoms in South Africa

Tubes & Pipes
Jiafang to commission new pipe mills in September
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Two new major steel players may emerge: correction
Dr Werner Kreuz, vice-president of management consultancy firm AT Kearney, told Steel Business Briefing that Russian steel companies “may go on a shopping tour when raw material prices increase again,” as Russian players have their own raw material bases. This is contrary to SBB’s report of 9 June.

Also, AT Kearney describes its forecast that China will replace the USA and Europe as world economic leader as “Sino-American-Polarity” and not as incorrectly reported on 9 June.
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Plate and rebar prices are mostly steady: The Steel Index
Strip prices rise in United Arab Emirates
Chinese market cool to new export rebates but prices rise
Venezuela aims to resume output at Tavsa, Matesi soon
US output shows sixth-straight weekly increase

ArcelorMittal's reshaped EU flats arm targets local sales
Eurofer calls on EU regulators to investigate BHPB-Rio
ArcelorMittal continues to streamline Flat Carbon Europe
No auto recovery before 2011; overcapacity must be tackled
Two new major steel players may emerge: correction
UK rebar prices float lower on raft of downward drivers

China accelerating for new sintering cleaners
Korea finalises river restoration project budget
Rebar producer plans Bangladesh's largest billet plant
Chinese mills target wind-power market
China auto sales jump fuels sheet demand
Chinese export rebate will not affect ordinary bar products
Vietnamese longs demand up slightly so far this year
Nervous Nippon Steel drops its H-beam price indicator
Koreans, Japanese relaxed on Chinese export promotion

North America
US Steel raises sheet prices by $20-30/s.ton
Megachurch construction ray of light in dark US market
Major Canadian moly producer upgrades 2009 outlook
Gerdau Ameristeel wins injunction, sues Canadian workers
Webco Industries anticipates improved demand in Q3
Lakeside expects lower OCTG demand in H1 of fiscal year
Tree Island Wire receives default notice from lenders
Unions: Mexico's Villacero may shut down Viga Trefilados

Latin America
Brazil increases tariff on reinforcing bar imports
Brazilian mills turn to coking coal spot market, traders say
Italy's Beltrame eyeing Argentina projects
Cofarja's scrap sales increase 7% in May
Brazil's domestic tool steel prices 12% lower than imports

Middle East & Africa
Plans unveiled for Saudi Arabia's first rail mill
Iranian flat imports see sharp increase
Rebar prices sharply increase in Iran

Scrap & Raw Materials
ArcelorMittal Poland considers purchase of coke producer
Total value of Peruvian iron ore exports drops
N. European scrap prices recede along with demand levels
Indian steel majors secure lower prices for coking coal
BHPB-Rio iron ore merger faces opposition in China
Japanese mills oppose BHPB-Rio iron ore venture
China unloaded 55.5m t imported iron ore in May
Wisco appoints Mumbai subsidiary for ore purchases
Korea's Hyundai to cut scrap buying prices again
Indian Railways reduces freight on iron ore for export

Stainless steel & Ferro-alloys
Acerinox sets €100/t base price hike for stainless longs
Turkish stainless sheet imports continue falling
Chinese stainless exports still slow, rebate rise small help
Production still high at Chinese stainless mills
Taiyuan keeps stainless prices unchanged

Tubes & Pipes
Turkish pipe export demand rises, prices steady
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EU steelmakers sell CO2 emissions permits in downturn
Some European steel producers have been selling carbon dioxide emissions permits through the European Union emissions trading scheme (ETS) during the first half of this year, because of lower output, they tell Steel Business Briefing.

Swedish mill SSAB had 1.2 million emissions rights sold on its behalf in the first quarter of 2009 for SEK 140 million (€13m). It will reveal whether it has been actively trading in the rights during Q2 in its interim financial report at the end of July. Other producers, who do not wish to be named, admit they have been active in CO2 emissions trading in H1 because of reduced capacity utilisation rates.
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Strong E. Asian HRC and plate markets bolster slab prices
Taiwan’s China Steel raises July/August prices by 7%
CIS pig iron export prices may be peaking
Turkish mills book more scrap imports, prices edge up
Sidor to increase DRI output with new plant
US scrap prices creeping back up
OECD warns of growing friction in international steel trade

Slow market for Italian HRC but prices have not dropped
EU steelmakers sell CO2 emissions permits in downturn
Italian flat import licences plunge in May
UK manufacturers gain in confidence, may start restocking
Mechel brings upgraded but idle coke battery back online

Outlook negative for AsiaPac steel, mining: Moody’s
Fosun-Tiangang JV on hold
Baotou Steel to make pellets from waste dust
Indian wire maker commissions new DRI plant
Baosteel to increase July HRC price by $74/t
ArcelorMittal-Valin to launch auto/electrical sheet projects
China housing sales up but new starts slow
Tianjin Steel relocating wire rod line
Thailand admits Japan re-rollers as duty-free importers
Korean mills raise investments by 42% this year

North America
Allegheny hikes August electrical steel surcharge
US Great Lakes iron ore shipments off 65% year-to-date
NCI says no demand pick-up yet, reports Q2 net loss

Latin America
Brazilian merchant bar prices drop another R$50-100/t
China's top mills may turn to spot ore market, analyst says
Imports of special steel bars drop 23.8% in Brazil

Middle East & Africa
Turkish companies plan rebar projects in Egypt
Saudi Arabian HRC price may rise soon, HDG more sluggish
South Africa flat imports rose sharply in Q1
Scrap & Raw Materials
Turkish iron ore imports decreased in April
Ironmakers from Minas Gerais confirm export to

Chinese mills unimpressed by Vale deal with Japan/Korea
Italian scrap demand may weaken on lower steel sales
Shanxi steel mills ponder jointly purchasing imported ore
CISA wants state-owned ore traders' dealings regulated
Vale settles ore prices in Japan, Korea: pellets down 48%
BHP-Rio JV 'monopolistic' despite differences to takeover
Japanese scrap export prices continue rising
BHPB confirms coking coal price drop
Hyundai signs with Mechel to buy Russian coking coal

Stainless steel & Ferro-alloys
German mill announces increases for stainless longs
Nickel market improves as stainless destocking ends
FeCr prices seen recovering soon
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Russian steel industry continues to face challenges: Fitch
The Russian steel industry will continue to face challenges, including soft domestic demand and weak prices, for the remainder of this year, Fitch ratings agency says in a report sent to Steel Business Briefing. Steel output and prices are expected to remain at first quarter 2009 levels in Q2.

Although the Russian industry’s performance in Q1 improved quarter-on-quarter, it was weak on a year-on-year basis, Fitch says. At 12.9m tonnes, steel production was down 33% y-o-y, but up 11% q-o-q. Exports increased to over 50% of total shipments from 39% in Q1 2008.
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CIS billet prices firm up a little more on stronger demand
Chinese market lifts as Baosteel raises July prices
Japanese mills to soften production cuts as orders rise
Demand expected to grow or remain steady: The Steel Index
New export rebates raise doubts about price recovery
US HSS, tubing prices on the rise for July
Cuban, Dominican mills force Central American prices down

Turkish rebar exporters are looking for price stability
Italian rebar prices fall
ThyssenKrupp issues €1bn bond
Turkey may extend tax breaks to spur auto sales
Corus decides not to relocate Wednesbury bright bar plant
Turkish bar exports fell in May
Greek distributor may halt investment projects
Chinese HRC might cause trade friction in Europe
Russian steel industry continues to face challenges: Fitch
Ruukki stops making welded components in Sweden

Japanese exports sink to ten-year low
Chinese manganese export offer prices rise
Steel prices soar on Shanghai Futures Exchange
NDRC: China to scrap 2.7m vehicles this year
China net steel imports climb as exports continue to fall
Metals sector mergers & acquisitions down so far in 2009
Korean steelmakers calm as truckers begin strike
China's spend on railways up by 162% in Jan-May
SE Asian importers mull escalating HRC offer prices
Posco delaying HRC export prices for August

North America
US exports fall further in April
Chrysler/Fiat alliance likely to bring smaller cars to US
Metal framing producer sees US market strengthening in H2
US finalizes 40% AD duty on HRC from Japan

Latin America
Peru's construction industry continues positive momentum
Fire affects operations at Venezuela's Sidor steelworks
Peru's iron ore, zinc exports decline
Japanese partners in Comsigua ponder sell-back
El Salvador's longs imports see a 70% drop in Q1

Middle East & Africa
Syrian flat product demand improves, prices follow
Iran's billet imports jump; UAE becomes biggest source

Scrap & Raw Materials
Opposition to BHPB-Rio JV builds in Beijing and Perth
Indian market for imported scrap shows rising trend
Cheap selling pressures in Chinese FeSi market
China iron ore imports finally slow in May
CISA: China can cope if benchmark system collapses
BHP Billiton settles 2009 iron ore prices with JFE, Nisshin
Brazilian pig iron makers expect ore price cut from Vale
Negotiations continue on Iranian iron ore prices
Stainless steel & Ferro-alloys
Nickel prices drive Asian stainless prices higher

Tubes & Pipes
Brazil lowers tube & pipe imports through May
Corinth Pipeworks sees some cost benefits from crisis
Turkish pipe exports fall despite strong MENA demand
Project slowdown hitting large pipe; auto shows some life
Italian tube buyers report weak order levels
Chinese ERW pipe prices stable, traders see up-trend
Australia drops latest AD probe into hollow sections
Ukraine’s Interpipe appoints oil & gas sales director
Maandag 15 juni 2009

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EU mechanical engineering sector weathering economic storm
While the global automotive industry is going through a “once-in-a-lifetime” shift, the mechanical engineering sector, though struggling, is weathering the economic storm and will recover, Martin Ekström of consultants Applied Value believes. In Europe the two sectors are of similar importance in terms of steel demand.

Although Europe’s mechanical engineering sector is fragmented, comprising many small and medium size companies, collectively it has the largest share of world production. However, on exports it lags behind Japan, and trails the US in labour productivity and on labour costs.
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Russian billet export market holds steady
Iron ore reference price rises sharply, says The Steel Index
North Europe rebar market turns down again in June
Chinese domestic plate prices rise as confidence returns
Billet prices are on the rise in Iran

Marcegaglia and Dongkuk forego exclusivity over Corus TCP
Turkish local strip prices may rise this week
Turkish flat exports increase in May as prices low
Turkish domestic rebar prices follow export offers up
Dillinger Hütte now on short-time working scheme
Celsa proposes lay-offs at Barcelona plant
German stockist Bepro looks further east
Scandinavian rebar prices soften slightly on slow demand
Turkish billet exports rose in May on MidEast buying
Spain’s Alfonso Gallardo expands temporary lay-offs
Mir Steel UK offloads bar mill to China
Turnaround for UK plate market in sight, say traders
EU mechanical engineering sector weathering economic storm
UK government extends credit insurance scheme
Russia’s MMK reduces losses, sells more steel

Kaiyuan Holdings buys Rizhao Steel subsidiaries
Rebar import prices rebound in SE Asia
Shagang raises mid-June domestic rebar, wire rod prices
Korean domestic rebar prices weaken amid low demand
China crude steel production in May second-highest ever
India's new steel minister outlines policy priorities

Latin America
Colombian construction steel prices decline again
Value of Colombian iron/steel imports drops again
Colombian processor Ferrasa acquires Panamanian company
Decision on Votorantim-Acesco's new HSM to be made by Sep

Middle East & Africa
Rebar price increase in Iran is halted

Scrap & Raw Materials
Vale expects to reach a deal with Chinese on 2009 benchmark
Turkish mills raise scrap buying prices
China ferro-chrome import prices continue to climb
CAMU calls for development of China’s scrap industry
Scrap prices into east Asia recover after recent softening
Sesa Goa acquires more iron ore assets
Wugang, Western Plains conclude magnetite venture
“No speculation" declares Rizhao iron ore trade centre

Stainless steel & Ferro-alloys
Turkish ferro-alloy imports see some revival in April
US stainless exports down 20% despite stronger sheet sales
Stainless steel market picking up

Tubes & Pipes
Bulgarian welded pipe maker reports increased demand
Global rig count continues to fall, but oil price firming
DOC postpones initial CVD decision vs. Chinese OCTG
Dinsdag 16 juni

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Passenger car output in Poland begins downward trend
After continued increases during the first three months of this year, production of passenger vehicles in Poland has started to fall, Steel Business Briefing learns from automotive market research institute Samar.

Production of passenger cars in Poland in May 2009 decreased by 6.6% from the previous month, totaling 68,495 units, having also fallen by 7.7% in April compared to March. This signifies the continuation of a downward trend, after three months of increasing production at the beginning of the year.
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Most coil prices are steady; lead-times up - The Steel Index
China’s HRC export prices look to rebound
Hyundai eyes $50/t H-beam export price rise for July/August
N. European sections prices fail to achieve expected gains
Optimism grows in N. European strip market
Brazil’s Samarco settles 48.3% price cut for pellets
ArcelorMittal raising US sheet prices again - now up $80-90

Turkish strip buyers await new prices, stocks low
Turkish wire rod exports slow in May
Germany slowly destocks plate
Rotterdam slab terminal set to be operational by end-2009
Russia's Amurmetall and Krasny Sulin file for bankruptcy
Gallardo Sections to increase base price for July delivery
Bulgaria’s Kremikovtzi runs EAF, wins state-aid appeal
Passenger car output in Poland begins downward trend

Pakistan flat steel traders form new group
Chinese domestic CRC prices rise on low inventories
Baotou Steel sets up a rail welding plant
Yonggang to commission new wire rod mill
SE Asian billet import market languishes
Krakatau Steel boosts output to meet local demand
Tokyo Steel raises flats, cuts longs for July

North America
Severstal NA selling Pennsylvania mill to Natco
US mill production gains now extend seven weeks
Judge refuses to dismiss collusion case against US mills
American Axle suing Republic Engineered Steel
Essar Steel Algoma cogeneration facility starts up
USW: ArcelorMittal wants to dismantle Hennepin equipment
Second breach of contract lawsuit filed against Republic

Latin America
Steel sales recovering slowly in Brazilian market
Cuba's Acinox has record high rebar output
Peruvian June rebar exports prices flat
ICH commissioning of new Mexican mill by 2010 unlikely
Brazil's flat stainless prices up by 3% for June deliveries
State-owned Transpetro excluded from 12% plate duty

Middle East & Africa
High stocks slow Egyptian rebar buying
Exports to Middle East drop nearly 25%
Scrap & Raw Materials
Patriot Coal customer agrees to take contracted shipments
Scrap stocks reduced around 50% in São Paulo
Turkish mills stopped booking scrap, prices are falling
Capesize freight rates bounce back from recent lows
Sail’s BSP expects permit soon for new iron ore mine
Chinese domestic iron ore prices increase
Iron ore stocks at Chinese ports rise slightly
Colombia's Paz del Río halves iron ore output in Q1
Venezuela's FMO and Toppca reduce Q1 output

Stainless steel & Ferro-alloys
Italy’s TK AST will not implement long summer stoppages
Saudi stainless pipe project faces delay

Tubes & Pipes
ERW pipe prices going up $90 in US market
Kingland expanding line pipe capacity
roduction pruning - ArcelorMittal may resume output in Brazil
Wednesday, 17 Jun 2009
BNAmericas reported that ArcelorMittal is observing signs of improved steel demand and therefore aims to increase Brazilian output to 80% capacity in the third quarter from 50% in Q1.

Mr Lou Schorsch CEO of the ArcelorMittal's Flat Carbon Americas division said that "Auto sales in Brazil declined in 4Q08, but in May the preliminary numbers of auto sales were up 2% versus May 2008.

Mr Schorsch at the RBC Capital Markets Global Mining and Materials Conference said that the emerging markets, including Latin America, have proven to be more resilient than developed ones in steel usage.

ArcelorMittal sold 4.55 million tonne of steel products from its Long Carbon Americas and Europe division in Q4 of 2008, while its Flat Carbon Americas branch sold 3.93 million tonne in the period.

ArcelorMittal's operations in Latin America include the ArcelorMittal Brasil subsidiary that holds numerous operations in Brazil and an asset in Argentina. The company also has operations in Mexico, Costa Rica and Venezuela.

(Sourced from BNAmericas)
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Duferco warns of stock write-downs, low prices
The macro cycle related to the urbanization of China and India is stalled but not dead, according to Bruno Bolfo, chairman of Swiss-based steel producer and trader Duferco. “Once the banking problem is resolved and the world financial situation allows the return to a normal velocity of existing liquidity, the macro cycle will resume, and with it the good fortunes of the steel industry,” he said in a report obtained by Steel Business Briefing.

Bolfo adds that the company’s 2009 financial results will be negatively affected by inventory write-downs, increased costs per tonne of production due to reduced operating rates, and low prices due to a renewed situation of overcapacity that will stay with the industry for a while.
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Saudi Arabia lifts ban on exporting rebar
Most rebar and plate prices steady, says The Steel Index
Sentiment drives SE Asian ship plate, cut sheet markets up
N. Europe plate bottoms out, but no price rise till Q4
Back in time? Talk returns of US Sec 201 tariffs for steel
Venezuela's Orinoco Iron and Venprecar to supply Sidor

Beam and rebar prices decrease in Italy
ArcelorMittal Hunedoara resumes production
Turkish tax adjustments seen as good for steel demand
Turkish rebar producers raise domestic prices
ArcelorMittal names Schulz to head German operations
Spanish automakers expect state-aided sales boost
Teesside MP blasts Marcegaglia for unwillingness to talk
EC assesses Kremikovtzi state-aid ruling
Lack of credit cover curbs rebar trade in Ireland
Rautaruukki secures new credit facility
Severstal gets new credit line from Sberbank
Some summer standstills at main German/Austrian mills
Duferco warns of stock write-downs, low prices
ArcelorMittal starts operations at new German service centre

India wants 15% import duty on some steel items
Shandong accelerates closure of old capacity
Nippon Denko slashing stake in Chinese SiMn venture
Chinese HDG prices rise on increasing CRC prices
Chinese rebar, wire rod output breaks records in May
China’s ship plate export prices rise despite tax cut
Korean rebar importers pondering July-August bookings
Sail to supply rails for new iron ore railway
Fusheng Steel builds two new blast furnaces
Hyundai seeks distributors for its new plate mill output
Chinese billet prices strengthen
Environment ministry blacklists Rizhao, Weifang expansions

North America
Severstal North America raising sheet prices
Natco could produce CR coil at restarted US mill
US steel industry officials ask Congress for help on China
Shipments and inventories decline at NA stockists in May
Monthly US mill shipments fall to 4m s. tons
Nucor expects Q2 loss of $170-200m
Two of ArcelorMittal Mexico's rebar mills currently idled

Latin America
Venezuela's auto industry posts new drops
ArcelorMittal lifts longs output rate in Brazil
Brazil's rebar exports grow 40% on African purchases
Tool steel market still down in Brazil

Middle East & Africa
Strip prices rise as demand revives in Saudi Arabia
Political uncertainty depresses steel buying in Iran

Scrap & Raw Materials
Brazil's Samarco settles pellet prices with Lion Group
Jindal's Bolivian iron project to export only concentrates
Brazil's Viena wants better prices to release pig iron stock
Oyak will acquire a coal mine to supply Erdemir
India's steel ministry calls for export duty on iron ore
China's coke exports remain low in May
Southern European scrap prices weaken on low demand
Stainless steel & Ferro-alloys
NAS hiking stainless flats prices 6-9%
ArcelorMittal to start talks on Hennepin sale
German stainless service centre rebrands to reflect new role

Tubes & Pipes
Pipe prices are expected to increase in Turkey
Preview of Today's Top Article
European shipbuilding sees orders evaporate
Orders at Italian and other European shipyards have decreased substantially in recent months, and in the coming years seaborne traffic might decrease by 3-5%, leading Italian shipbuilder Fincantieri says.

Certainly for the near term the company forecasts a weak performance for this sector due to the current economic climate.
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For first time since June '08, most now expect higher prices
Duferco to increase beam prices next week
Marcegaglia increases prices, forecasts rebound
Anshan Steel lifts HRC export prices to Japan
Wire rod prices soften again by at least €20/t in N. Europe
Malaysia deregulates steelmaking, cuts import controls
CSN studying construction of a small blast furnace for longs
US scrap market to push higher in July
Nucor announces $40 increase in July plate prices

Russian home prices forecast to remain steady to year-end
Mechel ramps up production on back of increasing demand
Polish steelmaker experiencing low demand for heavy plate
SSAB says market remains weak, output below 50% of capacity
Erdemir cuts discount rates; buyers expect price rise
Turkish sections exports slow down on lack of MidEast buying
SMS sees recovery coming first in developing countries
Polish steel wire producer gets new owner
European shipbuilding sees orders evaporate
Austrian plantmaker names new CEO

Correction: Pakistan ITP
Asian CRC mills seek hefty price hikes on higher feed costs
India recommends 25% import duty – again
Hainan Haiwoo commissioning 200,000 t/y tinplate plant
Higher Chinese HRC prices raise concerns over rising stocks
Panzhihua and partners start new auto service centre
Chinese rebar prices continue to strengthen
Qingdao Steel restarts No. 2 blast furnace
Posco SS schedules stoppage, cuts scrap buying price
Suzuki Metal completes Garphyttan Wire acquisition

North America
SDI - like Nucor - says July structural prices to stay flat
Court ruling aside, US market sources doubt collusion case
Market sources say US sheet increases likely to stick
Essar Algoma reports fiscal year profits
US mills resume scrap purchases
US housing starts rise 25%; still way off from last year

Latin America
New MoU signed on Vale-Dongkuk project in Brazil
Argentina's steel industry still depressed
INCA invests in Costa Rica eyeing sales in Central America
Vega do Sul gets environmental license for expansion
Paz del Río invests in upgrades, raw materials, transport
Ecuador's mills reduce rolled steel output in May
ArcelorMittal's Monlevade project could be delayed

Middle East & Africa
Emirates Steel Industries becomes integrated
Prices rise for strip products in the UAE
UAE rebar demand slow, merchant bar stronger

Scrap & Raw Materials
Saudi Arabia keeps scrap export ban in place
Turkish buyers book more scrap imports
Samarco extends benchmark settlements to Nucor-Trinidad
LKAB reaffirms commitment to annual benchmark pricing
BHPB-Rio JV faces more Chinese government opposition

Stainless steel & Ferro-alloys
Allegheny hikes stainless flats prices 6%
India may remove stainless scrap import duty
Sandvik producing at 30-40% capacity, axing 10 sites
Posco eyes domestic stainless price increase for July

Tubes & Pipes
Yalian secures credit facility
Italy sees some steel demand from energy sector
Chinese seamless pipe price steady
Preview of Today's Top Article
Israel imposes $133/t 'deposit' for rebar imports
The Israeli government has introduced $133/tonne “guarantee payment” for rebar imports to the country for a temporary period of 200 days. The deposit is to be paid in case the Ministry of Industry & Trade decides to render the import duty permanent.

The market comments the decision will have immediate effect but there is still uncertainty how the decision is going to be applied, and whether it will still be paid if the current anti-dumping case against imports from Italy, Spain and Turkey is rejected, market sources tell Steel Business Briefing.
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Chinese domestic, export plate prices rise
CIS billet export prices continue to rise
Rising oil price sparks growth in plate demand: EU suppliers
Slab and coil surge; billet and rebar waver, says WSR
Nucor joins in wave of US sheet price increases
CSN resumes BF No 2 operations at Volta Redonda works

Coils prices are picking up in Italy
Strip prices edge upwards in S. Europe; demand still low
Turkish merchant bar export prices head upwards
Qatari banks buy Polish shipyards
Romanian steelmaker upgrades heavy plate mill
German output could be less than 30m t in 2009
Downturn for plantmaker SMS less sharp than feared
US Steel Kosice to increase value added sales
Price volatility develops relative to capacity use: Klöckner
Merchant bar prices increase in Italy
European mills strike some new contracts with carmakers

India directs energy firm to supply gas to DRI producers
Malaysian steelmakers welcome government’s steel package
Panzhihua about to start building new strip mill plant
Surprising jump in Japanese crude steel output in May
Malaysian policy changes may raise CRC mill feed costs
CISA not optimistic about China steel market outlook
Posco building fifth Indian coil service centre
Price recovery improves Maanshan Steel's business

North America
US wire rod market will feel impact of two mills closing
AK Steel ups stainless, carbon flats prices through August
Mexico's construction activity still down
Ratings agencies have 'negative' take on US steel industry

Latin America
Cuba, Trinidad & Tobago longs output increases in May
Brazil's CSN resumes slab exports
Brazil's packaging steel exports dip 55% through May
Ecuadorian rebar prices report a slight climb
Dongkuk seen changing slabs project in Brazil
Brazilian strip export prices quickly rising
Imports take 10% of Brazilian tool steel market

Middle East & Africa
Israel imposes $133/t 'deposit' for rebar imports
Egyptian strip demand rising, local prices stable
Emirates Steel pursues expansion, eyes acquisitions
Iranian semis producer plans 20% rise in output

Scrap & Raw Materials
Iron ore pricing system is 'under attack,' future bleak
Tokyo Steel raises scrap prices twice in 48 hours
Grande Cache reports fiscal year and Q4 profit
US prime scrap sees upward pricing pressure

Stainless steel & Ferro-alloys
Turkish stainless coil prices rise, as buyers turn to Asia
European stainless coil and sheet prices continue to rise
Attorney: Trade law loophole allowing Cuban nickel into US

Tubes & Pipes
Higher input materials costs lift Chinese ERW prices
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