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ArcelorMittal to build mini-mill in Iraq
ArcelorMittal plans to build a mini-mill in northern Iraq at a cost of between $100m and $130m with Turkish partner Dayen. more
16 Mar | Lucchini sale hits a snag
16 Mar | Unions step up fight ‘to save steel making in UK’
16 Mar | Turkish longs producer hikes prices
16 Mar | Acerinox raises base price
16 Mar | Green light for US pipe maker asset auction
16 Mar | Indian steel demand rises
16 Mar | SAIL’s capacity to exceed 26mt/y by 2014
16 Mar | Bidder hikes Royal Laser offer
16 Mar | Church attacks Posco’s Orissa project
16 Mar | Hyundai leads in raising section prices
16 Mar | Australia urges Beijing to keep out of iron ore talks
16 Mar | Baosteel supplies pipes to Australian LNG project
Insight
15 Mar | Kumba wrangle: a fine mess
The dispute between ArcelorMittal South Africa and Kumba Iron Ore is unlikely to be resolved quickly and the outcome is not as predictable as some believe, following the sharp mark down in the steelmaker’s shares on the Johannesburg Stock Exchange the other week.

10 Mar | CSN puts diversification on hold
Having failed to acquire a stake in Portuguese cement producer Cimpor, Benjamin Steinbruch’s CSN will now turn its attention to finalising the restructuring of its mining operations. While the steelmaker has yet to decide whether to take the mine public or sell a stake to strategic investors, its ambition remains to become the fourth largest supplier in the seaborne iron ore market over the next five years.

8 Mar | Recovery warms up M&A talk
With shares of many European steelmakers trading in line with their book value or below, this would seem a good time for some cash-rich companies to cast an acquisitive eye on them. Talk of M&A activity is keeping the market on it toes, especially when there is a sense of logic to the story.

Markets
16 Mar | Hyundai leads in raising section prices
South Korea’s Hyundai Steel has raised its section export prices by around 10%, to $70/t to $80/t, for April and May shipments, citing a hefty increase in raw material prices and strong demand in the Chinese and the Middle East markets.

15 Mar | Prices in EU flats rise ahead of costlier raw materials
Much anticipated increases in raw material prices has led to flat producers in Europe to make significant increases in forward offer prices for Q2 deliveries taken in March, say market sources.

12 Mar | Russian long prices set to hold until April
Export traders will be content if rebar’s $10/t price rise in February holds out until April. Everyone is biding their time in the hope of a spring recovery amid worries about current demand weakness in the domestic and export markets for construction steel.

11 Mar | East Asian mills set to increase flats' prices
The majority of trade sources are anticipating major hikes in steel in East Asia over the coming weeks, with prices already heading upwards while mills negotiate iron ore and coal prices for this year.

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