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If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!3 January, 2009 - Hopes of a government rescue for steel and ferro industries get bleaker by the day.
Source:Ferro-steel, sick but not dying (Kuensel)

After slashing prices by around Rs 11,000 per tonne since September last year, domestic steel manufacturers are not going to reduce prices this month.
Source:Steel prices not to come down this month (Express India)

Dec. 30 (Bloomberg) — JSW Steel Ltd. , India’s third-largest producer, said profit margins will shrink in the fiscal third quarter as the global recession cuts demand and prices.
Source:JSW Steel Says Profit Margins Will Shrink on Price Slump (Bloomberg)

About two thirds of China’s major steel mills were in the red in November, suffering from high prices in raw materials and the decreasing prices of steel products.
Source:Two thirds of China's major steel mills in the red (China Daily)

KUALA LUMPUR: The demand for steel is expected to pick up gradually early next year, despite expectations of local mills facing possible losses in the fourth quarter, said OSK Research yesterday.
Source:Demand for steel likely to recover next year (The Borneo Post)

It has always been a case that the steel industry anywhere in the world turns protectionist largely in a self destructive way pursuing short-sighted and narrow objectives whenever faced with a recession or even a temporary drop in prices.
Source:Steel: dump the protectionist stance (Express India)

Thanks to a spate of production cuts, prices of steel products, such the benchmark hot-rolled coils, in the key Chinese market have shot up to $515 a tonne over the past few days. This is an increase of nearly 20% from the 33-month low in mid-November.
Source:China’s steel prices up 20% on output cuts, festive demand […]

Industry likely to maintian margins. Though international steel prices have dropped by 60 per cent and domestic by 25 per cent from their peaks, margins for the next financial year are likely to be at the same levels as that in the current year, which has also seen prices move north.
Source:Steel to pick up by […]

Further, the steel used for supplies is from the earlier inventory bought at high prices. “The forging industry was compelled to buy steel at these high prices and pile up inventory in order to ensure uninterrupted supplies to you.
Source:Steel inventory (The Hindu)

When pointed out that according to some steel user industries, in India steel sells at a good $150 a tonne above international prices, Mr Muthuraman put up a stout defence of domestic steel prices.
Source:Steel prices (The Hindu)