Steel Strip

Steel Production Forecasts
MEPS (International) Ltd expects crude steel output in 2005 to be just below 1116 million tonnes - 6.2 percent up on the year earlier figure. Blast furnace iron production is forecast to expand by almost 8 percent and direct reduced iron supply by 2.7 percent, year on year.
The steel manufacturers of most industrialised [...]

HELSINKI (AFX) - Outokumpu Oyj said it is to cease production at its Coil
Products Sheffield unit in the UK.
The decision affects some 570 workers and
staff consultation will begin immediately.
The closure will result in
write-downs of some 100 mln eur and provisions of some 50 mln eur, which will be
recorded in the fourth-quarter accounts, the company said.
Outokumpu’s
Sheffield-based [...]

Long-term cycles might seem pointless to investors looking for quick returns. But are they?
Rod Beddows, a business economist in the steel sector, addressing the ONG Bank’s Natural Resources conference in London last week, took a long-term view and set the sector into a particularly long-term context, looking back as far as the 1950s. While at [...]

The automotive industry in Britain is alive and well and still a major global player, Professor Garel Rhys, director of the Centre for Automotive Industry Research, told delegates at a seminar looking at the future of the UK automotive industry, hosted and organised by Corus, a leading material supplier to the industry. The annual event [...]

The formation of a “grand coalition” government in Germany has left economic
commentators unimpressed. Many believe decisive and radical action is needed to
spur industrial growth – and, with it, steel consumption. But a coalition
government – composed of left and right wing parties who have little in common –
could see compromise, indecision and even paralysis.
Once the powerhouse [...]

I’m not sure whether it’s the scream of the slitting machines where steel on steel set’s your teeth on edge, or the incessant thudding of steel presses, or my penchant for rock music that’s done the damage , but after 30 odd years in Industry I am a bit “Mutt and Jeff”.
Now, I am not [...]

CORUS has unveiled its £90m investment in its specialist steels plant at Rotherham which produces steel used in the Renault Formula 1 car and the new Airbus ’superjumbo’ aeroplane.The Princess Royal officially opened Corus Engineering Steels’ (CES) new facilities yesterday, part of Corus’ restructuring of its South Yorkshire engineering steel operations.The Princess last visited the [...]

I came across this article today at The Stalwart
The website http://www.steelsalvor.com/has dubbed itself “The Ebay of the Steel Industry”, and it does seem justified. The company allows buyers and sellers to conduct auctions on spare steel which may be lying around in warehouses all over North America. How does spare steel arise? From a recent [...]

As expected, poor consumer demand and overhigh inventories led to further transaction price slippage during August, in the US. However, the bottom appears to have been reached and values have picked up in recent weeks. Although rising scrap costs were the initial driver, inventory levels have now come down and import penetration is currently quite [...]

Steel prices set for further falls says US expert
Global steel prices will be lower in 2006 and shortages are unlikely, a US economist has predicted.
But there will be no early return to the low prices of the 1990s and first three years of this decade, according to John Anton, director of the steel service at [...]