Monthly Archive November, 2008 News Back November, 2008 News Title Publish Date Recession reports - Baosteel faces most difficult period in 30 years Nov 30, 2008 Chinese coal exporters cut coal export price Nov 30, 2008 Black Sea steel prices revival short lived Nov 30, 2008 Chinese steel market has reached bottom - Mr Jianlong Nov 30, 2008 Chinese steelmakers output cut crosses 30% Nov 30, 2008 Chinese steel market dragged by heavy inventories Nov 29, 2008 Recession reports - Big impact on Chinese economy Nov 29, 2008 Middle East Rebar price index crashes by 11% in a day Nov 29, 2008 Global steel and iron ore industries face tough years Nov 29, 2008 Steel inventories in US and Canada slides down in October Nov 29, 2008 Philippine steelmakers warn of tight supply Nov 27, 2008 EU plans 87% duties on Chinese steel fasteners Nov 27, 2008 Nippon Steel to cut output by 2 million tons Nov 27, 2008 India imposes import restrictions on certain steel products Nov 27, 2008 Chinese scrap prices rebound Nov 27, 2008 Steel tariffs dropping all over the world Nov 26, 2008 Indian iron ore spot prices drop by USD 2 Nov 26, 2008 China cuts $60/ton for medium plate to Middle East Nov 26, 2008 Chinese domestic steel prices rebound Nov 26, 2008 Chinese HRC price rebounds a bit Nov 26, 2008 SABIC sees steel orders drop up to 15% Nov 26, 2008 Recession reports - Worst economic crisis yet to come - IMF Nov 25, 2008 Chinese iron and steel export orders in Q4 stumble by 50% Nov 25, 2008 Iron ore price negotiations - 2009 key for iron ore price index Nov 25, 2008 Large coal reserves discovered in Xinjiang region of China Nov 25, 2008 China still depends heavily on the import of iron ore Nov 25, 2008 China’s steel prices to keep low in short run Nov 25, 2008 Global crude steel output drops 12.4% in October Nov 24, 2008 UAE consumed highest volume of steel in Middle East region Nov 24, 2008 Chinese spot iron ore prices increase by 3.5% Nov 24, 2008 ArcelorMittal SA to cut prices again in December Nov 24, 2008 Canadian steelmakers shutting down production Nov 24, 2008 Middle East rebar market analysis Nov 23, 2008 Tokyo steel reduced prices20 Nov 23, 2008 Sabic reduced steel prices Nov 23, 2008 China"s Baosteel cuts Dec price further Nov 23, 2008 MEPS: EU steel market won"t revive till Q1, 2009 Nov 23, 2008 China to close 6,000 more coal mines in 2 years November Nov 22, 2008 Severstal steel production down 50% since September - CFO Nov 22, 2008 Japan steel output shows first drop in 29 months in October Nov 22, 2008 China second biggest steel supplier for Malaysia Nov 22, 2008 Chinese CRC export price tends to level off Nov 22, 2008 Steel export tax change may not counter market decline Nov 20, 2008 India Government restores 5% import duty on steel Nov 20, 2008 Chinese HRC export price expected to rebound Nov 20, 2008 Steel prices dropped in Abu Dhabi Nov 20, 2008 Turkey, CIS billet offers up by $100/ton Nov 20, 2008 Thermal coal price fall back in Shanxi area Nov 19, 2008 Recession reports - Commodities to face pressure for 18 months Nov 19, 2008 Kanto Tetsugen sells HMS for export at average JPY 14,163 Nov 19, 2008 Chinese domestic steel market headed down again Nov 19, 2008 Tokyo Steel cuts domestic sales prices again for December Nov 19, 2008 American flat product steel mills unwilling to offer discounts Nov 19, 2008 Global hot band spot prices continue to crash Nov 18, 2008 Indonesian steel output may dip by 50% YoY Nov 18, 2008 Chinese plate export price further decrease Nov 18, 2008 India keeps eyes open for dumping of Chinese steel Nov 18, 2008 Steel Firm Cutting More Production Nov 18, 2008 Scrap price in Taiwan to pick up Nov 17, 2008 Imports of China steel fall Nov 17, 2008 US steel beams prices are falling steeply Nov 17, 2008 Chinese CRC export price decrease Nov 17, 2008 Chinese HRC export prices dip further Nov 17, 2008 Turkish steel plants halt exports to Saudi Arabia Nov 16, 2008 First signs of steel market revival at Black Sea Nov 16, 2008 Recession reports - ArcelorMittal to close 3 lines in Belgium Nov 16, 2008 Iron ore price negotiations - Likely to fall around 20% in 2009 Nov 16, 2008 Turkish domestic rebar market gains upward momentum Nov 16, 2008 Recession reports - Chinese Steelmakers may cut production by 20% Nov 15, 2008 Steel inventories rising sharply in China Nov 15, 2008 Scrap flow in Russia expected to stay tepid Nov 15, 2008 US No.2 bundle scrap prices down Nov 15, 2008 Turkey"s flat steel prices continue falling Nov 15, 2008 China to withdraw export duty on certain steel products Nov 15, 2008 Recession reports - Romania may have 1 million unemployed in 2009 Nov 13, 2008 Offer prices for billet jump in SE Asia Nov 13, 2008 Taiwan"s rebar export prices rise Nov 13, 2008 Steel prices in UAE rise as Turkey hikes rates by 50 per cent Nov 13, 2008 Recession reports - Production of ferroalloys and nickel reduced Nov 12, 2008 US CR sheet prices dropped by 9.5% Nov 12, 2008 Recession reports - China unveils USD 586 billion package Nov 12, 2008 Best Timing for Steel Consolidation - People Daily Nov 12, 2008 Recession reports - Demand meltdown hits 150 sponge units Nov 12, 2008 Rio studying iron ore output cut on weak steel demand - Report Nov 12, 2008 Chinese steelmakers to face more losses in Q4 Nov 11, 2008 Asian steel prices fall to 1 year low Nov 11, 2008 ArcelorMittal cutting iron ore supply from Vale - Report Nov 11, 2008 Recession reports - Ship orders plunge by 90% in October Nov 11, 2008 - S&P predict fall in demand for Chinese steel products in 2009 Nov 11, 2008 Producers in South Korea reduced rebar prices Nov 10, 2008 Local mills reduced prices of longs in Bulgaria Nov 10, 2008 China plans to spend USD 730 billion on infrastructure Nov 10, 2008 Chinese spot iron ore import prices show signs of firming Nov 10, 2008 Corus to cut production by one-third until the spring Nov 10, 2008 Iron ore price negotiations - Vale not to start talks Nov 10, 2008 China’s iron ore prices drop by 25.6% in October Nov 10, 2008 Chinese steel export order down by 50% in Q4 Nov 10, 2008 Chinese domestic demand for steel down Nov 10, 2008 China"s GI prices reach rock bottom Nov 10, 2008 Global steel demand to drop by 5% in 2 Nov 10, 2008