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Feb/9/2012

Latest news from SBB

Vale, Baosteel possibly advancing slab project, sources say

Posco to raise CRC export prices by $20-30/t

Chinese bar/rod export prices widen in uncertain market

N. Europe coil mills seek €25/t increases for April rolling

Ukrainian coils prices rise slightly as demand improves

Turkish mills book US, Baltic and UK scrap

Glut of US scrap leads to more price declines

Flat Products

Europe

ArcelorMittal Galati ceo resigns

Plate holds around €600/t in Europe, as mills seek increase

Long Products

North America

Timken expects labor vote within two weeks

SBQ price hike in choppy waters, but SBQ sailing strong

US rod prices could drop temporarily, following scrap

Asia

East Chinese rebar prices fall, inventories rising

Japanese sections prices held back by weakening scrap

Korean domestic rebar prices rise after mills hike prices

Billet prices see slight recovery in north China

Europe

Rebar prices in Poland remain stable but weather hits demand

Feralpi invests to boost capacity, energy efficiency in 2012

Bulgaria's steel output recovering thanks to export in 2011

UK sections suppliers target higher prices

Middle East

UAE rail network construction boosts steel demand

Tubes & Pipes

North America

Plains All American to build 170-mile pipeline

Metal-Matic expected to build US tube mill

Crosstex gets support needed to build $230m pipeline

Asia

China’s TPCO saw record seamless output in 2011

Europe

Turkish pipe export demand picks up, price rise to come

South America

Brazilian tube and pipe imports slump 13% in January

Stainless & Specialty Steels

Europe

Ascometal outlook sales in line with 2012, sources

Scrap & Raw Materials

North America

Sims details difficult NA scrap market in earnings guidance

Asia

Cold weather prompts Chinese mills to cut scrap prices

China FeCr domestic prices creep higher

Another Indian state mulls selling iron ore by auction

Europe

BHPB's Kloppers sanguine about Xstrata-Glencore merger

Eurofer scrap price indices rise in January

CIS

Russia's Alapaevsk ramps up output on solid pig iron sales

IRC nears 900,000t full capacity at Russian iron ore mine

South America

Sidor pellet plant workers back at work in Venezuela

Australasia

SBB Special Report: BHPB's H1 iron ore revenues jump 30% yoy

Exxaro still 30% shy of African Iron takeover threshold

Legacy Iron Ore triples Mt Bevan iron ore resource

Rio aims for 283m t/y in Pilbara iron ore expansion

Fortescue gets conditional approval for Cloudbreak expansion

World

First iron ore option cleared basis Platts

Corporate & Industry

Asia

China's 2012 crude steel output seen capping at 720mt

China’s daily crude output edges higher, but still low

Europe

German crude output improves at 3.35 mt in Jan: WV Stahl

South America

Venezuelan distributors seek import permits in supply crisis

Vale director reaffirms $21bn investment drive for 2012

World

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