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07 January 2009

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Latest headlines from CRU News

Wuhan increases February prices as market strengthens
Wuhan Steel has raised steel prices for February shipments, as the domestic market continues to firm thanks to increased confidence stemming from the Beijing government’s Yuan 4trn ($585bn) stimulus package. more

7 Jan | CSN to set H1 production and manning levels next week

7 Jan | Essar wins extension for US project loan

Alcoa unveils plans to cope in economic downturn
Alcoa has revealed a series of actions today that will help it get through the economic downturn, conserving cash and reduce its costs. Alcoa CEO Klaus Kleinfeld said, “These are extraordinary times, requiring speed and decisiveness to address the current economic downturn, and flexibility and foresight to be prepared for future uncertainness in our markets.” more

7 Jan | Rio Tinto to sell stake in Qingtongxia Aluminium

7 Jan | Konkola mine plans to purchase Congo copper

Russian & Ukrainian gas dispute heats up as European temperatures fall
THE DISPUTE between Russia's Gazprom and Ukraine's government has worsened, leading to the sixth day of no gas supplies. The conflict has led to a reduction or a complete halt in Russian gas delivered to some European countries ... more

7 Jan | SULPHUR NW EUROPE: Producer settles Q1 contracts

6 Jan | DAP US New Orleans: Barges drag on market

6 Jan | Belgium - Dow appoints Resinex distributor for wire/cable products throughout Europe

6 Jan | USA - L-com announces North American partnership with Korenix

6 Jan | Nicaragua - Inter RAO UES agreement

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