Archive for April 19th, 2006
MEPS forecast EU steel price increases
Unusually for this time of year the European Steelmakers are looking “bullish” with regard to third quarter prices. Following announcements in March of price increases effective from the 1st of April, it is anticipated that the strip producers will announce a further in June. Global market conditions appear favourable with Asian and Russian export prices [...]
Posted: April 19th, 2006 under Steel.
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UK Wire producer purchased by Severstal
A RUSSIAN billionaire’s company has bought an Elland based steel wire producer
Wire-makers Carrington Wire, which employs 100 people at the town’s Lowfields Business Park, has been sold to Severstal-metiz.
The buyer is Russia’s largest maker and exporter of wire and is owned by 40-year-old Alexei Mordashov, who has a personal fortune of $7.6bn.
Carrington Wire has other [...]
Posted: April 19th, 2006 under Steel.
Comments: none