STEEL PRICES
Union fight, high steel prices loom for GM The Monterey County Herald A showdown with the United Auto Workers and unexpectedly high steel costs will likely dog General Motors in the coming year, according to some Wall Street analysts who sat down with a top GM executive Wednesday. Fitch: Steel Outlook: Margins Tighter Near Term Business Wire via Yahoo! Finance NEW YORK----Fitch Ratings believes that lower steel prices, together with high and increasing costs magnified in some cases by production curtailment will weaken margins in the near term for steel producers. Alcan, Harris Steel, Toronto-Dominion: Canada Equity Preview Bloomberg.com Dec. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close. Steel Prices Slipping AP via Yahoo! Finance Steel prices are continuing to slide from summer highs and the weakness appears to be spreading to niche markets like pipes and beams, which were largely unhurt before. Brazil steel company delays start over natgas cost Reuters via Yahoo! Asia News RIO DE JANEIRO, Brazil, Dec 6 (Reuters) - Ceara Steel will postpone its production start date until 2010 because of a disagreement over natural gas prices with Brazilian state oil company Petrobras , a company official said on Wednesday. Asian Markets Retreat Tracking Slide On Wall Street, Fall In Metal Prices - Asian Commentary Nasdaq (RTTNews) - Friday, most Asian markets ended the last session of trading in the red mainly impacted by the slump on Wall Street and the fall in prices of base metals. Local factors such as bleak economic data also took their toll in the day. JSW Steel cuts hot-rolled coil prices by 500 rupees/tonne Reuters via Yahoo! Asia News MUMBAI, Dec 4 (Reuters) - JSW Steel Ltd. said on Monday it has reduced the prices of its hot-rolled coil by 500 rupees per tonne with effect from December 1, to align with international prices. NCI Building Falls on 4Q Report, 1Q View AP via Yahoo! Finance Shares of NCI Building Systems Inc. sank Thursday, a day after the construction products maker said high steel prices dragged profit margins in its fiscal fourth quarter. AK Steel Adds Surcharge to January Shipments KiplingerForecasts.com AK Steel Holding Corp. on Tuesday said a $150 per ton surcharge will be added to invoices for electrical steel products shipped in January. The surcharges are based on reported prices for raw materials and energy used to manufacture the products, the company said. Venezuela's Chavez Raises Duties On Imports, Fixes Prices Nasdaq CARACAS -(Dow Jones)- Days after President Hugo Chavez won another term in office, his government announced higher import duties on products considered luxury goods and fixed prices on a host of construction materials.
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