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| 15 May | India’s widening steel supply gap |
| India’s steel imports could rise more than seven fold by the decade’s end unless it starts to wave through some of the mega steel projects which have been waiting years for clearance. ArcelorMittal, with three projects pending, has told New Delhi that the country no longer figures high on its investment destinations, while Posco has warned it could scale down its proposed 12mt/y plant. |
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| 10 May | Sentiment is changing on iron ore |
| China’s first physical trading platform made its debut this week with a total of 242,000t of iron ore traded on its first day of business. The start of physical trading on the CBMX comes at a time of great uncertainty in the iron ore market as slow demand in China has curbed buying but recovery may not be too far off. |
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| 8 May | Slow recovery hitting Chinese mills |
| The Chinese steel sector appears to have lost steam in the first three months of this year after leading mills made a combined quarterly loss for the first time in a decade. While the losses are mainly blamed on steel prices falling faster than raw material prices over the period, it comes at a time when the economy is in the throes of change. |
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