Steel Strip

The EU flat products’ market continues to be characterised by supply tightness and rising prices in a climate of relatively flat demand. The availability of competitively priced steel from third countries remains at a low level. Meanwhile, ArcelorMittal announced a further increase on strip mill products of around €50 per tonne for new bookings for [...]

Platts reported that standard cut to length steel plate in the US is selling for more than USD 1,330 per short tons as compared with USD 1,240 per short tons on June.
Sources at plate mills as well as buyers at processing and distribution centers said that demand for plate remains at very high levels [...]

I came across this article in a news release by the Steel Guru. I must confess that I had not come across the SteelBenchmarker before, but it would seem to be a valuable resource for steel traders and buyers. SteelBenchmarker™ is a global steel benchmark pricing system for use by steel industry participants. The products [...]

Automobile makers and construction firms could face another round of cost push from next month. Taking a cue from primary steel or hot-rolled coil (HRC) makers, leading secondary steel producers, including Bhushan Steel and Uttam Galva, are also looking at raising price of cold-rolled coils (CRCs) and galvanised sheets by 15-20% next [...]

Nabucco, the European Union’s natural gas pipeline project, intended to reduce the bloc’s dependence on Russian natural gas, has been dealt another setback — and this one could hit European consumers in the wallet.
The companies involved in the project, already plagued by delays in construction and financing, said Tuesday that its cost would grow by [...]

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 [...]

Indian steel firms may seek to raise prices when a self-imposed moratorium ends early next month, but the government is likely to oppose any hefty, inflation-fuelling increase.
Tata Steel’s Managing Director B. Muthuraman said on Wednesday Indian steel prices were ruling 15,000-20,000 rupees ($350-$450) a tonne below global rates at a time when rising input costs [...]

Nippon Steel Corp., the world’s second-biggest maker of the metal, raised prices of plate used by shipbuilders and machinery makers for the third time this year to pass along surging costs for energy, ore and other materials.
Steel plate sold through wholesalers on an immediate- delivery basis will increase 10,000 yen ($95) a metric [...]

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 [...]