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Iron ore and coking coal prices fall in Q4
Leading mining companies have confirmed this week that they will be cutting iron ore and coking coal prices in the fourth quarter, the first reduction since the industry switched to setting prices on a quarterly basis last April. more
3 Sep | Indian mills hike prices on higher input costs
3 Sep | CSC continues running at full capacity
3 Sep | Sugang mulls rolling mill
3 Sep | Evraz posts interim loss despite jump in sales
3 Sep | CAP gives green light to iron ore expansion
3 Sep | US steel import permits decrease 15%
3 Sep | New plan for Shandong and Rizhao merger
3 Sep | NSSC hikes austenitic prices by Yen 10,000/t
3 Sep | Nisshin Steel starts new line in China by 2012
3 Sep | Chinese recycler’s profit more than doubles
2 Sep | Price rises on the horizon for Turkish longs
2 Sep | Scrap firmer after Turkey's booking flurry
Insight
31 Aug | Steel remains a driver of M&A activity
It is a sure sign that confidence is returning to the metals sector when acquisitions are becoming larger. Companies are beginning to focus less on their internal cost and liquidity problems, forced upon them by the downturn, and more on chasing larger strategic acquisitions once again.

23 Aug | Ratan Tata ready to say ta-ta
By the time Ratan Tata bows out as chairman of the Tata Group in 2012, he will have the satisfaction of knowing that he steered the ship through one of the fiercest economic storms in living memory. He had delayed his retirement to stay on deck until the worst was over but is now ready to hand over to a successor.

18 Aug | TK catches the wind in its sail
ThyssenKrupp managed to surprise analysts last week by unveiling better-than-expected profits in its fiscal Q3 and lifting its profit target for the year. The improvement had as much to do with the steelmaker’s ability to cut costs and improve capacity utilisation as it had to do with an amazing rebound in the German economy.

Markets
2 Sep | Scrap firmer after Turkey's booking flurry
Scrap offers in Turkey have moved up again, by $5/t to $10/t over the past two weeks, after seemingly hitting a high in mid-August when US offers managed to firm up and stabilise despite the month being generally slow.

2 Sep | Price rises on the horizon for Turkish longs
For the past week Turkish longs offers have remained stable, after dipping around ten days ago. They have regained buoyancy on the crest of unyielding firmness in scrap, and mills concede price increases are on the horizon for second half of September as general business activity increases after the holiday period.

1 Sep | Turkish flats prices continue to firm up
Flats producers in Turkey are pushing for increases of at least $20/t for domestic September delivery but it will not be until the middle of the month before a clearer picture emerges of how the market is developing.

31 Aug | Scrap traders await come back in Europe
European scrap markets shared a slowdown in demand during August although all of them are seeing a rise of around €20/t to €40/t on July prices – depending on grade – after a dip by the same amount last month.

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