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U.S. steel demand will continue to grow in 2012 but won’t reach full recovery until 2013 at the earliest, according to Fitch Ratings.
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Steel Dynamics Inc. (SDI) has launched a cash tender offer for up to $350 million as it looks to refinance a portion of its existing 7-3⁄8-percent senior notes due 2012.
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Iron ore and scrap deliveries at one of Europe’s busiest ports fell in 2011, with steel output shutdowns in Europe in the second half of the year one of the main reasons, the Rotterdam port authority said.
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U.S. raw steel output totaled 1,900,000 net tons last week, down 2.3 percent from 1,945,000 tons the previous week, as mills operated at an average capability utilization rate of 76.7 percent.
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India’s Jindal Steel and Power Ltd (JSPL) is on course to start commercial production at its 1.75 million tpy plate mills at Angul in the Eastern Indian state of Orissa by end of February 2012
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The American Wire Producers Association (AWPA) is nearing its goal of finalizing a group of lawmakers dedicated to wire and wire rod issues, according to its director of government affairs, Janet Kopenhaver.
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U.S. Labor Secretary Hilda L. Solis has appointed James D. English, retired secretary-treasurer of the United Steelworkers union, to the ERISA Advisory Council.
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Stainless steel mills in Europe have kept their surcharge for January sales of 2mm 304-grade cold rolled sheet close to unchanged on the back of stable prices for the alloying extras
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China's imported iron ore prices advanced by $1 on Thursday as some market participants were bullish before the Chinese new year.
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Six more longs producers cut their ex-works prices by 50-120 yuan ($8-19) on Thursday in response to Hebei Steel’s price decrease yesterday.
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Export prices for hot briquetted iron (HBI) from Venezuela are expected to increase in January following a steep fall over the past three months, market participants said.
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When it comes to hot rolled coil exports from the CIS, traders and industry observers view the past year as one of complete opposites.
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Billet producers in the CIS started 2011 with an optimistic outlook thanks to what looked like a promising export market in the Middle East and North Africa (Mena) region.
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This past year has been a tough one for European steel manufacturers.
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China's imported iron ore market held steady on Wednesday, with spot prices of 63.5% Indian fines at $141-143 per tonne cfr, unchanged since last Thursday.
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Hebei Steel Group has reduced its December settlement prices for rebar and wire rod by 20-90 yuan ($3) per tonne to encourage more bookings.
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In 2011, Turkish rebar producers depended on major consumers in the Middle East and North Africa (Mena) region for sales.
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Berge Everest, a 388,000-tonne bulk carrier loaded with Vale iron ore, docked at Dalian port on Wednesday, signaling the maiden arrival of Vale’s mega iron ore fleet to China.
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Chinese plate producers have reduced their export prices over the past few weeks due to weak demand both home and abroad.
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The state government of Western Australia has confirmed its support for the mid-west port and rail infrastructure project owned by Oakajee Port and Rail (OPR) beyond 2011.
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Taigang Stainless has raised its bid price for high-grade nickel pig iron for the first time since September, tracking rebounding refined nickel prices.
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Taigang Stainless, China's biggest producer, plans to conduct maintenance work in late December, after reaching this year's production goal of 3 million tonnes.
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China's imported iron ore market was quiet on Monday, and prices were unchanged.
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Spot billet prices fell again in China and traders saw few signs of pre-Chinese New Year restocking.