Steel Strip

MEPS are forecasting little in the way of price changes within the EU. Whilst pressure from imports might cause some slippage in the third quarter, they are are expecting the pressure to ease when Chinese production is reigned back to be more in line with demand.
Low demand within the UK will certainly hold back any [...]

Arcelor its seems are considering buying US Steel as part of their “defence” package against the Mittal takeover bid. The logic is apparently that such a purchase would increase their debt burden making them a “less attractive proposition” and also making any subsequent bid by Mittal raise fears of a steel monopoly.
Its’ certainly getting interesting!
Oh [...]

In the midst of the Mittal takeover bid, I am sure that Arcelor would not be pleased to see that the subject of their own takeover bid, the Canadian Steel Producer Dofasco has reported a 71% drop in profits.
In view of falling steel prices this is hardly a shock, I suspect this is the only [...]

The furore over the Mittal bid for Arcelor seems to be settling down, with fewer aggressive statements from the French C.E.O.  appearing in press reports.
That is not to say that there has been any reduction in activity. Guy Dolle met with Akio Mimura of Nippon last week amidst speculation that Arcelor were seeking an ally in [...]