Steel Strip

German heavy industry giant ThyssenKrupp said it was launching an amicable takeover bid worth 3.5 billion euros (4.1 billion US dollars, 4.8 billion Canadian dollars) for Canadian steel maker Dofasco.
“Our executive board today (Monday) resolved to submit a friendly takeover bid for 100 percent of the Canadian steel producer Dofasco Inc. at a cash price [...]

Variations in Steel prices around the world, combined with overproduction in China and the Far East seem set to start a round of litigation against “unfairly” traded goods.
Actions are already afoot in the USA as reported by MEPS. The USA is currently the main target for the exporters, with wire products flooding in from China, [...]

Steelmaker Arcelor has made a 3bn euro (£2.1bn; $3.6bn) hostile bid for Canada’s Dofasco after talks between the firms broke down.
The Luxembourg-based firm said it had approached Dofasco investors with the 40-euros-a-share bid after the two had been unable to agree on a deal.
Arcelor said it had first approached Dofasco - Canada’s largest steelmaker [...]

Novolipesk is Russia’s third biggest steel firmRussian steel group Novolipetsk is this week expected to announce plans to list on the London Stock Exchange.According to media reports, some 10% of its shares are to be listed, raising £600m ($1bn).
Russia’s third biggest steelmaker, Novolipetsk is 90% owned by its chairman, tycoon Vladimir Lisin, who started out [...]

Meps report that European Strip Mill price increase announcements have prevented further price slippage.
Although strip consumption has improved slightly, and inventories are lower, the automotive industry remains stagnant.
Imports are generally down, partly due to the weakness of the Euro against the dollar, and there is talk of possible anti dumping measures by the EU, which [...]

Whilst posting today, about hardened and tempered steel strip (and ending up moaning on about flash sites et al) I noticed that something called word verification had appeared at the bottom of my blogger post!
It’s a character verification check which is presumably to stop automated, scripted spam blogs (splogs). It adds only a second or [...]

Recently I have had a number of requests for suppliers of Hardened and Tempered cold rolled steel strip. To make the location of these suppliers easier we have added a page to Steelstrip Resources listing known suppliers here. If you are a producer that is not listed please contact us via the Steelstrip Site or [...]

Steel group Corus has hit certain UK customers with more price rises as it passed on the impact of continued cost increases during 2005. The company’s strip products division, which accounts for some 40% of sales worldwide, will increase prices in the UK on a range of products, including hot-rolled strip steels and hot-dipped galvanised [...]

MEPS have published their latest Steel Price Forecasts. The following summary relates to strip mill products:-
EU
Production cuts of 15% and reductions in inventory have enabled some steel producers to make modest price increases for the final quarter of 2005. These small increases are likely to be maintained as long as production is curtailed, and import [...]

BRITAIN’S manufacturing sector experienced its highest rate of growth so far this year last month, buoyed by rising export orders and strong output at factories.
The CIPS/RBS purchasing managers’ index, which provides a snapshot of the state of the sector, rose to 51.7 in October, up from 51.5 in September, on a scale where any number [...]