Steel Strip

Tata have announced a £95 price increase on structural steels in the UK. The increase in prices will take effect on all deliveries from March 6th 2011.
The company are quoting the rising costs of raw materials as the main reason for the price hike.
Flat product prices have risen by an average of around £60.00 already [...]

ASD Metal Services, a division of German metal group Klöckner & Co, is to double the size of its facility in Leeds.
The steel and aluminium stockholder and distributor has taken a 15 year lease on 215,000 sq ft, creating a combined facility of 400,000 sq ft.
Kaha Avaliani, chief executive of ASD, said “The acquisition of [...]

Willenhall-based steel firm Niagara Lasalle has been taken over by investor Endless in a £27 million deal.
The investor, which specalises in turnarounds, purchased the 300-strong West Midland firm from its US parent company Niagara Corporation.
Niagara Lasalle, which provides hot rolled and bright steel bars in engineering steel grades, had a turnover of more than £60 [...]

Tata Group has become the latest major company to tap into the growing UK offshore wind energy market with plans to invest £1.3m in a processing and distribution centre at their Scunthorpe steel works with a manufacturing hub capable of handling 200,000 tons of steel plate per year, supplying fabricators for the construction of the [...]

Strip mill product prices have continued to deteriorate over the last four weeks but may well be nearing the bottom now. Mill order intake is slow as stockists hold back from buying significant quantities in case basis values weaken further and also to minimise their inventories as the year-end approaches. At present, there is oversupply [...]

German steel workers are striking for three days after pay talks broke down between the IG Metall union and employers.
Thousands of them walked out on Wednesday in the Ruhr Valley, Germany’s industrial heartland.
They want a six percent increase in wages which the employers have called unreasonable.
The steel workers are also opposed to government [...]

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 [...]