Daily Steel News - 10 Mar 09

Thailand's steel prices continue to dip Thailand’s steel price has continued to dip.
This has resulted in a big impact on the real estate and building materials companies; around 3,000 companies have gone bankrupt. The steel price is dropping by a wide margin at present. It is estimated that the total market value of building industry this year may be reduced from the THB650 billion of 2008 to THB320 billion, signifying a decrease of 50 percent.

Turkey’s section steel prices decrease.
Turkey’s section steel price fell by US$40/ton, to US$450~460/ton

U.S. scrap prices continue to fall
The U.S. scrap prices continued to fall since early February.
U.S. busheling scrap price reached US$197~207/ton, shredded steel scrap prices hit US$187~197/ton, while H1 scrap was priced at US$162~172/ton.

Brazil’s iron ore output to drop by 30% in 2009
Brazil’s National Department of Mineral Production (DNPM) stated on Monday that the iron ore output of whole nation would drop by 30 percent for this year.