Steel Strip

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]