Steel Strip

Tata Steel’s European arm Corus on Friday entered into a pact with Thailand-based Sahviriya Steel Industries to sell its Teesside Cast Products plant in the UK for about $500 million.
“Corus UK Ltd and Sahaviriya Steel Industries Public Company Ltd today signed a Memorandum of Understanding which sets out the scope of a potential transaction whereby [...]

Steel firm Corus is to take on 154 new workers in South Yorkshire, and resume apprentice and graduate recruitment, it has been announced.
The latest plans will bring the number of new workers hired by the firm to more than 300 since March, with the Speciality Steels division recruiting trainees for the first time since the [...]

EU STEEL COIL PRODUCERS FACE HIGHER INPUT COSTS AS DEMAND COLLAPSES
Market sentiment has been knocked by the recent economic turmoil and sovereign debt issues in the eurozone. Strip mill product prices are fairly flat this month. Domestic producers are still keen to lift basis values significantly for the third quarter. However, most steel consumers and [...]

ArcelorMittal, said on Thursday it was considering halting up to three European blast furnaces (BFs) in the third quarter to meet lower demand. "In Europe the third quarter is characterised by lower demand due to summer vacation shutdowns.
In order to be prepared ArcelorMittal is technically in a position to reduce its production by stopping [...]

Despite  the European steel mills remaining bullish on third quarter prices, we are beginning to see signs that may indicate a weakening quite soon.
The price increases have never been demand driven, with the mills quoting cost increases and particularly iron ore as a driving factors.
A recent report from Platts reproduced at Yahoo finance indicates [...]

THE firm behind a planned resumption of production at a mothballed Newport steel plant has begun the process of recruiting staff.
Mir Steel UK Limited, which took over at the former Alphasteel plant in Corporation Road in 2008, announced earlier this month that up to 100 new jobs will be created at the site by [...]

The latest MEPS report, shows rapid price increases
Despite relatively low activity levels and poor final demand, flat product steel prices are ascending rapidly. This trend is likely to continue into the third quarter as period two is virtually sold out at most European mills. Producers are justifying the increases on the grounds of their escalating [...]

The BBC Reports:
Steel giant Corus is taking on 160 new staff at its plants in South Yorkshire.
The announcement comes less than a year after a slump in demand forced the company to announce 2,000 job cuts at its sites across the UK.
Corus said 110 people would be recruited in Stocksbridge and 50 in Rotherham [...]

In the UK over 90% of cold rolled spring steel sales are in CS70 and CS80 grades. Both grades are part of the BS1449 standard.
Both grades are high carbon "spring" steel used in a variety of applications where high tensile strength is required.
CS70 is normally supplied in the annealed condition, in which it is suitable [...]

A report of a bid to save Corus Teesside is reported at gazettelive.co.uk
A BID to buy the stricken Teesside Cast Products plant from parent company Corus was lodged late last night by a group of private investors, including Wynyard property magnate Chris Musgrave.
It is believed the company, which has come under intense pressure from [...]