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 [...]

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 [...]

Manufacturing in Germany and the U.K. declined in May, choked by record commodity prices and slowing economic growth across Europe.
German production, adjusted for seasonal swings and inflation, dropped 2.4 percent from April, the biggest decline since February 1999, the Economy Ministry in Berlin said today. The index of U.K. manufacturing production unexpectedly fell to [...]

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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 prices for steel strip in Europe continue to rise, despite a lack of demand. The European hot dip galvanized coil market has entered volatile territory, with prices continuing to rise, while demand remains weak and few bookings are made.
Buyers are very nervous about buying forward, with weak order books and worries about cash flow.
We [...]

Germany’s biggest steel consumers banded together on Wednesday to send a warning to producers that high prices are driving a dangerous wedge between them.
"In the past, the partner-like relationship between our members and the steel industry was an element of our mutual success," a group of seven German industry associations said in a joint statement.
"This [...]

In an effort to curb the relentless rise in steel prices and bolster their own frail finances, some auto makers are beginning to push back on price increases, saying they won’t pay surcharges on agreed-upon supply contracts.
The resistance is one of the first strong signals to steelmakers that their hardest-hit customers have reached a tipping [...]

The latest report from MEPS
The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although less material is entering the region. There is relatively little steel from China due to the [...]

Although it’s been known "unofficially" for a week or two, Corus have announced that it will increase the basis for it’s flat rolled products in the UK.
The price increases will be at least 150 pounds per tonne for hot rolled steel, 175 pounds per tonne for cold reduced steel and 200 pounds for hot dipped [...]