Archive for 'steel strip'
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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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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European steel prices slipping?
We have argued for some time that recent price increases implemented by the steel producers were premature and counterproductive.
Shortages due to greatly reduced inventories which in themselves were the result of poor sales lead to end users and distributors placing new orders in June and July. It was naive in the extreme for the steel [...]
Posted: October 16th, 2009 under Steel, Steel Comment, Steel Prices, steel strip.
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Steel industry recovering after Chinese stimulus - Times Online
The Times online commenting on a report from the World Steel Association paints a more optimistic picture for the steel industry for 2010.
The long night is almost over for steelmaking, which will enjoy a strong recovery in 2010, the World Steel Association (WSA) predicted yesterday.
Exceptionally strong consumption in China means that demand for the steel [...]
Posted: October 13th, 2009 under Steel, Steel Comment, Steel International, Steel News, steel strip.
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Continuing uncertainty in Steel Industry
German iron and steel production rose during September, suggesting demand was improving, but was still down sharply from a year earlier as the market remained weakened by the economic downturn.
German mills produced 3.5 million tons (3.17 million metric tons) of steel for the month, an 8 percent increase on the previous month. Year to date [...]
Posted: October 9th, 2009 under Steel, Steel Comment, Steel International, Steel Prices, steel strip.
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Corus to increase Strip Mill Prices
We have just heard that Corus are to increase strip mill prices by £30 to £50 dependant upon grade.
Increased demand due to customer destocking is given as the reason.
At a time when some grades are in short supply we have little doubt that they will succeed in implementing the increase. However at a time when [...]
Posted: September 15th, 2009 under Steel, Steel Prices, steel strip.
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New orders boost Corus
We spotted the following report on netbusiness
THOUSANDS of workers at Redcar’s Teesside Cast Products site were boosted today by news that the steelmaker had secured orders to keep the plant operational until the end of October.
Since April, when the international consortium responsible for buying nearly 80% of the plant’s output abandoned a 10-year deal, [...]
Posted: August 27th, 2009 under Steel, Steel Comment, Steel News, Steel Prices, steel strip.
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Steel plant restarts production
Production at the Corus hot strip mill at Llanwern near Newport is to restart next month, the steel giant says.
It has been mothballed since January, but the company says there has been some growth in orders and it wants to satisfy this increasing demand.
However, the restart will not reverse any of the 528 job [...]
Posted: August 23rd, 2009 under Steel, Steel News, steel strip.
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