Archive for September, 2005
US reduces steel imports
Steel imports dropped 12.4 percent in August compared with July, the American Iron and Steel Institute reported Wednesday.
August imports totaled 2.2 million net tons, including 1.8 million net tons of finished steel. That compares with 2.5 million net tons in July. In August 2004, 3.6 million net tons of finished and semifinished steel entered the [...]
Posted: September 29th, 2005 under Steel.
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Annoying Websites
Today I decided it was time to check the validity of the hyperlinks from my Steelstrip Resources site.
Now I am used to encountering flash animations on “free” news sites, where they appear “right in the middle” of the article that you want to read. I assume the marketing gurus and web designers have convinced the [...]
Posted: September 28th, 2005 under Steel.
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Latest MEPS Steel price report
Steel pricing is of course one of the most important subjects to those of us who produce it, use it or trade in it. Whilst in recent years pricing trends around the world have tended to follow each other, more recently I have noticed conflicting reports regarding the direction of prices. This is confirmed in [...]
Posted: September 27th, 2005 under Steel.
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Talks aimed at avoiding job losses at the last remaining big stainless steel producer in Sheffield are taking place.
Outokumpu, the world’s second-largest stainless steel producer is planning to move new orders from Coil Products in the city to Finland, hitting UK jobs.
The move is temporary while UK shift patterns are reviewed, possibly allowing work to return to Sheffield.
Steel workers’ union Community said they were currently entering talks with the firm.
Global demand
Eero Mustala, [...]
Posted: September 27th, 2005 under Steel.
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Bidders make offer for Erdemir
ANKARA - Arcelor, Eregli Joint Initiative Group, Mittal, NLMK-Open Joint Stock Company, Nurol-Limak-Ozaltin-Severstal and OYAK offered bids for the privatization of iron-steel producer Erdemir.
The auction took place for the privatization of 46.12 percent of the total shares of Erdemir.
The deadline to submit bids for the privatization of Erdemir was 1600 hours today. Azovstal-Metinvest Joint Initiative [...]
Posted: September 27th, 2005 under Steel.
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Finland’s Outokumpu Issues Profit Warning
HELSINKI, Finland (AP) - Outokumpu Oyj expects overproduction and low stainless steel prices to lead to a third-quarter operating loss, the company said Monday, adding that it will move new orders from the U.K. to Finland — with a possible loss of jobs in Britain.
The world’s second-largest stainless steel maker said it cut production by [...]
Posted: September 27th, 2005 under Steel.
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Oi mate wanna buy some steel?
Iwade: 23 tonnes of steel stolen from building site
THIEVES broke into a construction site and stole a trailer loaded with reinforced steel worth around £21,000.The theft took place on the site on the A249 at Iwade, near Sittingbourne, at some time between Thursday, September 8 and Thursday, September 15.DC Vince Straine-Francis said: “It is [...]
Posted: September 27th, 2005 under Steel.
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It’s not so grim up North!
Britain’s steelmaking capital, Sheffield, has won the 2005 gold medal for Europe’s most floral city, beating off competitors from Germany, France, the Netherlands, Hungary, Ireland and Slovenia in the final of the Entente Florale. The Yorkshire city was praised by judges at a ceremony in Budapest for the quality of its parks, wild green spaces [...]
Posted: September 22nd, 2005 under Steel.
Comments: 1
Corus announce Lackenby Closure
Steel giant Corus is to close part of its Lackenby site by the end of January with the loss of 47 jobs.
But the move involving the hot-rolled steel decoiling operation is to be challenged by unions, who believe there is no need for job losses.
The cut-to-length sheet and plate section comes under the Distribution and [...]
Posted: September 21st, 2005 under Steel.
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Thyssen Krupp rumour
FRANKFURT, Sept 20 (Reuters) - German steel and industrial goods conglomerate ThyssenKrupp. on Tuesday denied market rumours that the group was a takeover target for a U.S.-based company. “That is nonsense,” a spokesman for ThyssenKrupp said, when asked about rumours that had helped lift the stock as much as 2.6 percent. It closed up 1.5 [...]
Posted: September 21st, 2005 under Steel.
Comments: 2
