| procurement activities of the Turkish market has | | | | believe that if the current price should be maintained, |
| been weak seasonal demand and a religious holiday | | | | the local steel mill will have to resume exports. Steel |
| by the upset. The scarcity of active buyers, so long | | | | production capacity continues to exceed the actual |
| products steel producer dared to higher raw material | | | | use. Brazil's domestic producers Gerdau steel |
| costs they pass to the buyer. If, however, if raw | | | | companies sought to calm its construction steel prices |
| material prices continue to rise, this strategy may end | | | | will be adjusted on the market rumors. The steel |
| soon. In the flat material, the Eldemere (Erdemir) Iron | | | | company intends to maintain its end of the year |
| and Steel Company has for the first time since early | | | | offers and discount domestic policy remains |
| September lowered its basic premium. Short-term | | | | unchanged. |
| agreement between the buyer and seller concessions | | | | ????The recovery of the Mexican steel industry |
| remain. | | | | terms of trade continue to be difficult obstacles. Low |
| ????In December, the UAE steel market has been | | | | demand for domestic steel market, lead to further |
| shrouded in gray clouds. In recent weeks, Abu Dhabi | | | | downward pressure on offer. Local steel |
| and Dubai has been the fate of contrast up to an | | | | manufacturers have improved the actual prices of |
| important discussion. Debt problems have undermined | | | | some products. This is mainly through the abolition of |
| the confidence of the latter, while the economy has | | | | the means of steel price discounts achieved. This |
| yet to shake off the global credit crisis hit. Demand | | | | angered the downstream processing of steel users. |
| may decline further. | | | | Next year in January, the market sentiment will grew |
| ????India's major steel producers in December | | | | by nearly mixed, steel prices fluctuate in a flat. |
| cut its domestic reference prices for most products. | | | | Currently manufacturers are pushing prices up to five |
| This is the price continued to drop and the second | | | | per cent increase, while the end-user prices of steel |
| month. Their goal remains to limit steel imports. In the | | | | products in the requirements to have a |
| next year in January, this strategy may be the end. | | | | "real" cuts. |
| Lower prices to stimulate the procurement activities. | | | | ????Decline due to seasonal demand, the CIS steel |
| Some departments and steel enterprises have | | | | market is now very weak. Major local steel |
| already hinted in the first quarter of 2010, prices will | | | | companies have chosen to cut their reference price, |
| rise. Other departments and enterprises concerned | | | | to protect their market share. Steel traders have also |
| not believe they think the price of steel has not | | | | taken a similar pricing strategy. Russian iron and steel |
| bottomed out. | | | | industry that the current low level of iron and steel |
| ????In South Africa, the steel market, business | | | | industry will not continue. The local steel mills to |
| conditions have not improved. Highveld Steel | | | | resume full production, and overall earnings will have a |
| (Highveld) once again follow the ArcelorMittal South | | | | long way to go. Layoffs, reduced hours of work and |
| Africa (AMSA) pricing strategy adopted by the | | | | apply for bankruptcy is still the most popular topic. |
| company. In fact, the local purchase has been | | | | The Russian government has approved an ordinance |
| automatically scroll. To fill its capacity, the former late | | | | authorizing collection of some cold-rolled products of |
| in November the implementation of a | | | | 5% import duty, since January 2010, was enforced. |
| "special" way of selling. For the next year | | | | ????In Ukraine, the trading environment has begun to |
| in January, the local market sentiment cautiously | | | | stabilize. Provided by the local steel mill steel products, |
| optimistic. | | | | most of the domestic offer is now down by more |
| ????Brazilian steel producers remain optimistic about | | | | than export quotations. This strange phenomenon |
| the market strength of the recovery. Plate and strip | | | | has been through the government and the |
| manufacturers continue to develop the pricing policy | | | | Memorandum of Understanding between the iron and |
| was criticized blame. In December, the Brazilian | | | | steel enterprises corrected. January 2010, the |
| domestic prices upwards. Steel distributors have their | | | | domestic steel producers plan to finished rolled steel |
| own stock price increased. Market participants also | | | | output by 4.5 percentage points, to 2.77 million tons. |