Archive for 'Steel International'
Corus Teeside, Tata and “ Green Credits”, a new form of asset stripping?
Steel workers’ union Community has asked the Environment Agency to hold in trust the carbon credits accrued by Corus’s doomed plant in Redcar until production resumes.
Corus is mothballing its historic steel making operation in Teesside, which threatens the livelihoods of 1,600 workers in one of the country’s worst unemployment blackspots.
The closure has led to [...]
Posted: February 25th, 2010 under Steel, Steel Comment, Steel International, Steel News.
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Corus Teeside closure to go ahead with 1,600 job losses
The Teesside Cast Products Plant (TCP) run by Corus, which is owned by Indian conglomerate Tata, will finally be mothballed on Friday - three weeks after the Redcar site was initially planned to shut down.
Local Labour MP Vera Baird said the rising price of steel could give the town’s major employer a future, and [...]
Posted: February 17th, 2010 under Manufacturing News, Steel, Steel International, Steel News.
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The Corus Redcar Closure, Tata and exporting jobs to India. A disgrace!
I came across this rather enlightening article by Christopher Booker writing at the Telegraph.co.uk
The owners of Corus, Tata, have recently announced the closure of the Redcar steel plant, which will have a devastating effect on the workers and the economy of an already deprived area. Whilst the stated reason for the closure of the plant [...]
Posted: December 15th, 2009 under Steel, Steel Comment, Steel International.
Comments: 3
MEPS steel price roundup
MEPS reported a generally weak market in November with the exception of China.
“Raw steel output continues to climb steadily in the US. Mill utilisation rates were up to almost 65 percent in the first week of November. However, the recent relighting of blast furnaces has not coincided with a similar upturn in consumption. Oversupply could [...]
Posted: November 26th, 2009 under Steel, Steel International, Steel News, Steel Prices.
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THE MEPS - EU AVERAGE ALL PRODUCTS STEEL PRICE DIPS AGAIN IN NOVEMBER
The EU producers are currently facing low order intake as the flurry of activity in early September has tailed off now that distributors have restocked to appropriate levels. In many countries, prices have been lowered a little to encourage purchasing. Negotiations will start soon for first quarter 2010 business but no official announcements have been [...]
Posted: November 18th, 2009 under Steel International, Steel News, Steel Prices, steel strip.
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Tata Steel to raise production at Corus
Tata Steel on Wednesday said its European subsidiary Corus will be able to meet full capacity utilisation by the end of the current fiscal, riding on revival in global demand.
Corus, which had cut production capacity of its mills by as much as 50 per cent amid the demand slump last year, has currently revived [...]
Posted: November 5th, 2009 under Steel International, Steel News, steel strip.
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Salzgitter CEO warns against premature optimism
Salzgitter Chief Executive Wolfgang Leese on Tuesday cautioned against premature optimism in the steel sector, warning that markets were fragile and that a recovery in demand is unlikely to be sustained.
If things go well, demand will continue to be flat, Leese said on the sidelines of an event in Garbsen, near Hanover, Germany.
Signs of recovery [...]
Posted: October 28th, 2009 under Manufacturing News, Steel, Steel Comment, Steel International.
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EU steel market stuck in slow motion
Eurofer, the European Confederation of Iron and Steel Industries have put out a press release on Economic and Steel Market Outlook 2009-2011
EUROFER director general Gordon Moffat comments: “While the economy probably reached a turning point, the EU steel market will remain stuck in slow motion for the time being”.
Prospects for the EU’s steel using [...]
Posted: October 23rd, 2009 under Steel, Steel Comment, Steel International.
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Steel Demand Expectations Collapse To Late 2008 Levels
Your industry news article on a steel business briefing report:-
Steel Business Briefing warns that demand expectations in the steel industry could drop as low as they did in December 2008, at the height of the global financial meltdown. With the downward trend expected to continue at least into early 2010, this is bad news for [...]
Posted: October 22nd, 2009 under Steel, Steel Comment, Steel International, steel strip.
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MSCI News - Steel inventories inch higher in U.S. and Canada
With steel shipments from metals service centers slowly rising, inventories of the metal, in decline since early last year, rose slightly in the United States and Canada, the Metals Activity Report from the Metals Service Center Institute shows. Shipments of aluminum products also rose slightly, but inventories of the light metal continued to decline in [...]
Posted: October 19th, 2009 under Manufacturing News, Steel, Steel International, Steel News, steel strip.
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