| News & Trends | ||
| Auto makers resist surcharges on steel supplies - WSJ - 08 Jul, 2008 | ||
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The Wall Street Journal reported that in an effort to curb the relentless rise in steel prices and bolster their own frail finances, some auto makers are beginning to push back on price increases, saying they won't pay surcharges on agreed upon supply contracts. The resistance is one of the first strong signals to steelmakers that their hardest hit customers have reached a tipping point and may not be able to withstand higher prices. The report added that some auto makers are threatening to fight the additional charges in court, saying that financial terms of a contract can not be altered, according to people familiar with the matter. | ||
| Export And Import Levels | ||
 | Coal prices dip to USD 162 a tonne in Australia | |
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| Chinese HDG exports price witness rebound | |
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| Chinese rebar export market remain slow | |
| Trade Issues | ||
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| Indian steel companies push for iron ore export tax hike | |
