http://metalexpert-group.com/web/OpenMENews.nsf/NewsAndMarketReports?ReadForm World Steel News allows you to be well-informed of the latest and most important news in the international steel and raw materials market. Our unique and reliable contacts inside the industry allow for high standards of information quality and accuracy. en-us Thu, 17 May 2012 06:04:41 +0200 Mon, 21 May 2012 11:25:09 +0200 http://blogs.law.harvard.edu/tech/rss 60 http://metalexpert-group.com/menews/1D28CE3133FEBE37C2257A02004576B7Q?OpenDocument&loginPolish producer of merchant coke Koksownia Czestochowa Nowa plans to double coking coal consumption to 480,000 t this year compared with 2011...Mon, 21 May 2012 11:25:09 +0200http://metalexpert-group.com/menews/1D28CE3133FEBE37C2257A02004576B7Q?OpenDocument&loginhttp://metalexpert-group.com/menews/F2FE46DE8AC485B8C2257A020038758EQ?OpenDocument&loginAustralia's Bathurst Resources plans to raise coking coal production to 2 mtpy. The expansion project will be implemented within four years...Mon, 21 May 2012 11:13:30 +0200http://metalexpert-group.com/menews/F2FE46DE8AC485B8C2257A020038758EQ?OpenDocument&loginhttp://metalexpert-group.com/menews/D4522396F9DD22DDC2257A02004DEAA7Q?OpenDocument&loginItalian sections suppliers have been unable to confront the negative trend amid deteriorating market conditions. Local traders still show very slack activity amid feeble demand from consuming industries...Fri, 18 May 2012 18:13:47 +0200http://metalexpert-group.com/menews/D4522396F9DD22DDC2257A02004DEAA7Q?OpenDocument&loginhttp://metalexpert-group.com/menews/C80CB69BEFE04C59C2257A02004E4393Q?OpenDocument&loginTurkey's structural steel market is still seeing rather weak demand from both domestic and foreign buyers. Amid low purchasing interest from consuming industries, local customers are booking only small volumes when needed...Fri, 18 May 2012 18:08:32 +0200http://metalexpert-group.com/menews/C80CB69BEFE04C59C2257A02004E4393Q?OpenDocument&loginhttp://metalexpert-group.com/menews/B126F417DD0490C1C2257A02004D1D2CQ?OpenDocument&loginBuying is still fading in the Chinese domestic market. Traders have slashed purchases amid a seasonal drop in end-user demand. Nevertheless, stocks are falling at a much slower rate as compared to end-April...Fri, 18 May 2012 18:04:13 +0200http://metalexpert-group.com/menews/B126F417DD0490C1C2257A02004D1D2CQ?OpenDocument&loginhttp://metalexpert-group.com/menews/86DD737D149D49DBC2257A02004C77CAQ?OpenDocument&loginPurchasing activity in the domestic longs market of Turkey remains weak. Both traders and end users are still buying just small parcels to serve their immediate needs...Fri, 18 May 2012 17:56:01 +0200http://metalexpert-group.com/menews/86DD737D149D49DBC2257A02004C77CAQ?OpenDocument&loginhttp://metalexpert-group.com/menews/F923916207D8F840C2257A020047DB6FQ?OpenDocument&loginThe downward trend persists in the Turkish export market for longs and semis. Only some foreign buyers purchase small lots of the material, while most of them are ready to sign contracts if additional discounts are granted...Fri, 18 May 2012 17:53:56 +0200http://metalexpert-group.com/menews/F923916207D8F840C2257A020047DB6FQ?OpenDocument&loginhttp://metalexpert-group.com/menews/D7B575B4DE94598FC2257A02004A4D45Q?OpenDocument&loginThe CIS finished longs export market is deteriorating. CIS suppliers have been forced to cut prices again amid the continuing fall in Turkish longs quotations ($5-10/t down over the past week)...Fri, 18 May 2012 17:34:37 +0200http://metalexpert-group.com/menews/D7B575B4DE94598FC2257A02004A4D45Q?OpenDocument&loginhttp://metalexpert-group.com/menews/75DC30BF10206D15C2257A020042DFC5Q?OpenDocument&loginA seasonal drop in construction is reinforcing the bearish sentiment in the US rebar market. Traders have adopted a wait-and-see attitude, as they have failed to empty stocks filled with import material...Fri, 18 May 2012 17:29:10 +0200http://metalexpert-group.com/menews/75DC30BF10206D15C2257A020042DFC5Q?OpenDocument&loginhttp://metalexpert-group.com/menews/A7FF97D1F79BC466C2257A02004773C6Q?OpenDocument&loginThe Taiwanese flats market balance is fragile. Local traders continue to insist on reductions in view of high stocks, slower activity of end consumers and no background for improvements till the middle of Q3. Last month, local car makers...Fri, 18 May 2012 17:28:58 +0200http://metalexpert-group.com/menews/A7FF97D1F79BC466C2257A02004773C6Q?OpenDocument&loginhttp://metalexpert-group.com/menews/674EFF63FEE4B1B0C2257A02004AC8DFQ?OpenDocument&loginBrazilian company MMX Mineracao & Metalicos SA (MMX) cut iron ore shipments to 1.39 mt in Q1 (-28% q-o-q); 79% of the material was sold domestically, 21% was exported. The reduction is due to adverse...Fri, 18 May 2012 17:28:23 +0200http://metalexpert-group.com/menews/674EFF63FEE4B1B0C2257A02004AC8DFQ?OpenDocument&loginhttp://metalexpert-group.com/menews/C41947EB4F217BA3C2257A020045757CQ?OpenDocument&loginSouth Africa's Continental Coal plans to buy a 50% stake in a coking coal mine in Colombia for $15 mln. The company has signed a preliminary agreement by now...Fri, 18 May 2012 16:55:53 +0200http://metalexpert-group.com/menews/C41947EB4F217BA3C2257A020045757CQ?OpenDocument&loginhttp://metalexpert-group.com/menews/FC1C7B9586FF0C9CC2257A020041E976Q?OpenDocument&loginExport prices for HBI have decreased in Venezuela this month due to deteriorating finished products segment and falling pig iron prices...Fri, 18 May 2012 16:53:11 +0200http://metalexpert-group.com/menews/FC1C7B9586FF0C9CC2257A020041E976Q?OpenDocument&loginhttp://metalexpert-group.com/menews/E5F60EE1C89196CAC2257A02003F0334Q?OpenDocument&loginTurkish steelmakers choose scrap suppliers carefully. Amid a permanent decrease in domestic and export prices for rebar this week plants seek lower prices from scrap collectors. EU traders have been the first to offer discounts, as they can...Fri, 18 May 2012 16:49:56 +0200http://metalexpert-group.com/menews/E5F60EE1C89196CAC2257A02003F0334Q?OpenDocument&loginhttp://metalexpert-group.com/menews/D731FC37C7B16513C2257A02003D953BQ?OpenDocument&loginDemand for flats remains extremely weak in Iran. Most local buyers and traders to this destination keep staying in a wait-and-see mode waiting for the talks between Iranian government and the international community in late May...Fri, 18 May 2012 16:29:47 +0200http://metalexpert-group.com/menews/D731FC37C7B16513C2257A02003D953BQ?OpenDocument&loginhttp://metalexpert-group.com/menews/F25958FB17F38755C2257A0200309DEBQ?OpenDocument&loginThe Indian flats segment is experiencing a slowdown in business activity, in both domestic and export market. Most foreign buyers (including those in Europe and the Middle East) refuse to sign contracts amid the global bearish price trend...Fri, 18 May 2012 16:24:33 +0200http://metalexpert-group.com/menews/F25958FB17F38755C2257A0200309DEBQ?OpenDocument&loginhttp://metalexpert-group.com/menews/F2DB8290F798F983C2257A020040E6C2Q?OpenDocument&loginMarket participants predicted another decline in Chinese export flats prices, and it is what they see now. Most of foreign customers still avoid negotiations, being sure the downward trend will continue. No wonder Chinese HR and...Fri, 18 May 2012 16:20:11 +0200http://metalexpert-group.com/menews/F2DB8290F798F983C2257A020040E6C2Q?OpenDocument&loginhttp://metalexpert-group.com/menews/C932409CF1C5A7D3C2257A020040A922Q?OpenDocument&loginUS steel scrap exporters are holding prices firm despite weak demand from Turkish mills who are the key importers of US material...Fri, 18 May 2012 16:01:23 +0200http://metalexpert-group.com/menews/C932409CF1C5A7D3C2257A020040A922Q?OpenDocument&loginhttp://metalexpert-group.com/menews/373CEEDCC728EECDC2257A02003C9FBEQ?OpenDocument&loginPositions of CIS square billet exporters are weakening. As scrap prices are likely to keep falling in Turkey, buyers continue to put pressure on suppliers when negotiating sales of June billet output...Fri, 18 May 2012 15:39:34 +0200http://metalexpert-group.com/menews/373CEEDCC728EECDC2257A02003C9FBEQ?OpenDocument&loginhttp://metalexpert-group.com/menews/61FD50A150E184C4C2257A0200386DDDQ?OpenDocument&loginPrices keep on decreasing in the Polish longs market. Albeit demand has grown slightly because local traders need to restock, the EUR 10/t drop in scrap prices this month has forced suppliers to make further reductions...Fri, 18 May 2012 15:11:34 +0200http://metalexpert-group.com/menews/61FD50A150E184C4C2257A0200386DDDQ?OpenDocument&loginhttp://metalexpert-group.com/menews/533559A9B11D0582C2257A020032E0FAQ?OpenDocument&loginIn the third week of May, Japanese steel scrap exporters have lowered offers to all Far Eastern buyers, while only few suppliers from the USA make reductions...Fri, 18 May 2012 14:06:22 +0200http://metalexpert-group.com/menews/533559A9B11D0582C2257A020032E0FAQ?OpenDocument&loginhttp://metalexpert-group.com/menews/E79516721494D385C2257A020033E22DQ?OpenDocument&loginAustralian coking coal market is still in the doldrums. Prices for high-quality coking coal added another $3-5/t early this week, reaching $220-222/t FOB Gladstone...Fri, 18 May 2012 13:50:01 +0200http://metalexpert-group.com/menews/E79516721494D385C2257A020033E22DQ?OpenDocument&loginhttp://metalexpert-group.com/menews/43A660B0C4CF0B9EC2257A020032D223Q?OpenDocument&loginDemand for iron ore has been quite weak this week and although exporters' expectations that a price decline will help to raise the number of deals have come true, it has not brought desired results...Fri, 18 May 2012 13:24:27 +0200http://metalexpert-group.com/menews/43A660B0C4CF0B9EC2257A020032D223Q?OpenDocument&loginhttp://metalexpert-group.com/menews/2A407316D1D75053C2257A02002F189BQ?OpenDocument&loginThe Brazilian power company MPX has determined reserves of San Juan mine: 92% of PCI coal and small volumes of thermal coal (6,200 kcal/kg)...Fri, 18 May 2012 12:45:47 +0200http://metalexpert-group.com/menews/2A407316D1D75053C2257A02002F189BQ?OpenDocument&loginhttp://metalexpert-group.com/menews/FD65C9ED5270793FC2257A0100592027Q?OpenDocument&loginThe situation in the Iranian longs and structural segments has changed drastically in the second half of the month. Local producers have decided to move up their quotations...Fri, 18 May 2012 12:32:03 +0200http://metalexpert-group.com/menews/FD65C9ED5270793FC2257A0100592027Q?OpenDocument&loginhttp://metalexpert-group.com/menews/9CDCE735D3C854ABC2257A020025A0B5Q?OpenDocument&loginJapan's Tokyo Steel has cut scrap purchase prices by JPY 500/t ($6/t at the exchange rate $1 = JPY 79.29) for Tahara and Okayama production assets...Fri, 18 May 2012 10:38:44 +0200http://metalexpert-group.com/menews/9CDCE735D3C854ABC2257A020025A0B5Q?OpenDocument&loginhttp://metalexpert-group.com/menews/282017EEB21F1742C2257A01004ACABAQ?OpenDocument&loginTurkish HRC suppliers are having hard times lately. Being sure the downward trend will persist and seeing slack demand from consuming industries, local traders refrain from purchases despite low stocks...Thu, 17 May 2012 18:20:31 +0200http://metalexpert-group.com/menews/282017EEB21F1742C2257A01004ACABAQ?OpenDocument&loginhttp://metalexpert-group.com/menews/43BA56980102EB4BC2257A01004CF8B2Q?OpenDocument&loginThe situation in Taiwan's market for long products remains tense. Having large volumes on hand, local buyers refrain from making new deals and focus on optimizing stocks amid the seasonal worsening...Thu, 17 May 2012 18:18:32 +0200http://metalexpert-group.com/menews/43BA56980102EB4BC2257A01004CF8B2Q?OpenDocument&loginhttp://metalexpert-group.com/menews/981D7D6B6B32FB94C2257A01004C3888Q?OpenDocument&loginPrices in the US pig iron market start to fall. Suppliers have made reductions in order to attract consumers, who have been staying on the sidelines from the beginning of May on sufficient stocks and weaker demand for finished products...Thu, 17 May 2012 18:05:02 +0200http://metalexpert-group.com/menews/981D7D6B6B32FB94C2257A01004C3888Q?OpenDocument&loginhttp://metalexpert-group.com/menews/BAB0C82129BC5E92C2257A010048C5CFQ?OpenDocument&loginThe North American market for coking coal has seen positive changes this week: several deals mainly with Indian buyers have been done. New bookings are attributed to irregular supply of high-quality coal from Australia...Thu, 17 May 2012 18:04:41 +0200http://metalexpert-group.com/menews/BAB0C82129BC5E92C2257A010048C5CFQ?OpenDocument&login