November 20, 2008
India Government restores 5% import duty on steel
Indian government announced that in the wake of the recent fall in the international prices of commodities and with a view to safeguard the interests of domestic producers, government have carried...
POSCO raises stake in Murchison to 12.26%
Reuters reported that South Korean steelmaker POSCO has raised its
shareholding in Australian iron ore miner Murchison Metals Limited to
12.26% from 9.7%.
Meanwhile, Murchison said...
China iron ore imports to stall next year
Bloomberg reported that China's iron ore imports may fail to increase next
year for the first time since at least 1999 because of slowing demand from
steel mills.
Mr Zou Jian chairman...
Salzgitter sees steel market to improve in Q3 of 2009
Mr Heinz Joerg Fuhrmann CFO of German steel maker Salzgitter AG said that
it expects steel markets to pick up in the third quarter of 2009.
Mr Fuhrmann said that the first quarter of...
Chinese HRC export price expected to rebound
It is reported that domestic hot rolled steel prices rebounded this week
and some traders believe that current level is quite close to the
bottom.
On Shanghai market, commercial 4.75mm...
South Korean tube makers slash October HRC imports
It is reported that six leading steel tubes mills in South Korea like SeAH
Steel, Hyundai Hysco, Husteel, Miju Steel, Histee and Kumkangindustrial
have imported less HRC in October 2008.
