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Imported iron ore prices in China remain weak
Imported iron ore prices remain weak in China with expectations that prices could fall further as the market for finished steel products remain in the doldrums. more
24 May | Europe continues to overshadow Tata Steel
24 May | Salzgitter warns of continuing weak demand
24 May | Voestalpine to bolster German business
24 May | Ovako expects higher earnings in Q2
24 May | CSN obtains loans to buy Steel Americas
24 May | Latin American steel output increased in April
24 May | US mill to expand portfolio
24 May | Baosteel commissions steel wire plant
24 May | Trial production at Ma’anshan’s mine
24 May | Huscoke Resources gets coke order
23 May | No let up in Russian scrap falls
23 May | Indian court denies permission to export pellets
 Insight
22 May | Chinese mills under pressure
With steel prices in China continuing to spiral downwards, local mills are bracing themselves for another poor year. Supply is outpacing demand and the road to recovery is looking ever longer.

20 May | Mittal seeks more action from EU
Lakshmi Mittal is hoping to wake up Brussels with his latest alarm call in the financial press that more should be done to keep Chinese steel away from European shores and, in addition, more should be done to stimulate the region’s economy.

15 May | Tata Steel’s millstone
Tata Steel’s annual results due to be announced on 23 May will attract more attention than usual as expectations grow about what it plans to do with its struggling European operations following the massive write down announced this week.

 Markets
23 May | No let up in Russian scrap falls
The May holidays may have meant a stop to production and trading for up to two weeks in Russia, but the downward trend for prices of the country’s scrap exports continued uninterrupted.

23 May | Turkish scrap prices continue to nose dive
Turkish scrap traders expect US 80:20 to fall under $350/t c&f in imminent deals. For European 80:20, offers could soon 'easily' be touching the $340/t c&f peg, according to the same sources.

22 May | Turkish flats sink further with waning euro and demand
Export prices for Turkish hot rolled coil teeter on the brink of additional slides after slipping by $5/t to $15/t last week to a current offer range of $570/t to $575/t fob (€433-449/t).

22 May | Mills seek $20/t discount on East Asian scrap offers
East Asian steel producers are seeking to drive down scrap offers by $20/t from the level of $390/t to $410/t cfr, citing weak steel demand in the regional markets.

 Steel prices
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