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Riding a self-inflated crest EU and US mills are mulling hike of USD 40-50 per tonne shortly. US and European economies have not shown perceptible change in fundamentals other than occasional glimmers which soon fade out before the eye blinks.
Details>>The Indian Long Product Price Index ILPPI has declined by 1 point, whereas Indian Flat Product price index IFPPI has inclined by 8 points. The overall Indian Steel Price Index INDSPI has gone up 4 points.
Details>>Mr André Gerdau-Johannpeter chief executive officer of Gerdau SA said that demand for steel products in Brazil will rise next year thanks to a series of infrastructure projects, including the sale of rights to operate airports, roads and railways.steel pipe demand
Details>>Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,761,000 net tons of steel in September, including 2,117,000 net tons of finished steel (each down 4.1% vs. August final data).Year to date total and finished steel imports are 23,892,000 and 18,694,000 net tons, respectively, down 7% and 6% vs. 2012.
Details>>ArcelorMittal said that low steel demand, one of a slew of challenges facing the Brazilian steel industry, should begin to reverse in the next few years as government efforts to upgrade the country's infrastructure gather momentum.
Details>>Billet price improved a little during last week in Iran. Billet size 150 mm increased by USD 8 per tonne to USD 703 per tonne on truck in Anzali including 6% VAT by end of the week.
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