Steel Strip

Spiegel online, have conducted an interview with Thyssen-Krupp head Ekkehard Schulz, in which he answers questions regarding the impact of price increases upon their customers.

The head of German steelmaker ThyssenKrupp, 66-year-old Ekkehard Schulz, talks about the sharp rise in steel prices, competition from emerging economies like India, China and Russia, and the prospects for German [...]

I came across the following article from Tim Huber at associated press, at signOnSanDiego.com. Anyone who has followed this blog for  a length of time will know my views on the speed at which the western economies abandoned coal mines in favour of cheap imports. It’s ironic that the industry that abandoned domestic resources should [...]

The following article is published by supply chain digest
The rising cost of iron ore and energy is causing deep tension between steel makers and manufacturers in dozens of industries, as rising surcharges are being tacked on to each ton of steel, in some cases to manufacturers unaware that their price wasn’t locked in by their [...]

The MEPS World average carbon flat products price continued its inexorable rise in June. The increase was slightly above our expectations as the mood in Asia changed when it became clear that the iron ore settlement by mills in the region would be higher than originally anticipated. Demand remains rather flat in the EU and [...]

Germany’s biggest steel consumers banded together on Wednesday to send a warning to producers that high prices are driving a dangerous wedge between them.
"In the past, the partner-like relationship between our members and the steel industry was an element of our mutual success," a group of seven German industry associations said in a joint statement.
"This [...]

The latest report from MEPS
The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although less material is entering the region. There is relatively little steel from China due to the [...]

From Mlive.com Michigan
While much attention has been focused on the surging price of oil and gas, the cost of steel doubled in the last six months.
At Klein Steel Service Inc., General Manager Kenneth Woodring has watched the price of plate and sheet steel that his Town of Tonawanda company processes, change as much as two [...]

A decline in imports is giving a boost to U.S. steel producers.
Last week the American Iron and Steel Institute reported that monthly imports of finished steel to the U.S. fell year over year as the weak dollar, high shipping rates, and strong overseas demand kept steel imports from reaching American shores.
This is good news [...]

Rising raw material costs for steel have pushed prices higher and with a lack of liquidity in the financial system projects in Asia are being put on hold, industry leaders told a conference.
Infrastructure projects, in which steel is one of the main items, are being delayed. Steel expansion or new steel schemes are expected to [...]

Corus has revealed it wants to open a new deep mine in Port Talbot to harvest the rich coal seam beneath its steelworks.The steel giant has been given an exploratory licence to see if a deep mine is feasible - making the works less reliant on coal brought in by sea.
Thanks to parent company [...]