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Archive for May, 2006

EU Steel prices rising faster than expected

EU steel prices appear to be rising faster than expected in even the most recent forecasts. MEPS are reporting that amidst rising demand and restocking the major producers, ThyssenKrupp, Arcelor Corus and Salzgitter have announced July increases of up to €50 from July. With little stock available on the “spot” market they are sure to [...]

Arcelor to sue Mittal over copyright infringement?

So Arcelor are to drag Mittal to the US courts over copyright infringement. Allegedly Mittal have copied an automotive steel branded as Usibor. Jean Lasar an Arcelor spokesman has said that the law suit is not connected with Mittals’ hostile takeover bid for the company. Call me an “old cynic” but the timing is rather [...]

The sauce of it!

Heinz have announced that they are closing the Aston plant in Birmingham where HP sauce has been produced for a hundred years!
BIRMINGHAM’S HP Sauce factory is to close, it was announced this afternoon.
The world-famous Aston plant will shut next year with the loss of 125 jobs after more than 100 years of manufacturing. Owner [...]

Global Steel production to rise in 2006

MEPS estimate for world crude steel output this year at 1176 million tonnes. This represents an increase of 4.1 percent over the 2005 outturn. Blastfurnace iron production is predicted to reach 827.5 million tonnes - 5.4 percent up on the figure recorded in the previous twelve months. Only modest gains are expected for direct reduced [...]

General Motors considering UK job cuts

General Motors Europe is contemplating cutting 1,000 jobs at Vauxhall’s factory in Ellesmere Port, according to a report in The Sunday Times of 7 May, as it “struggles to reconcile investment plans for a new range of models with falling demand for the Vauxhall Astra shared by Ellesmere Port and Opel plants.
A GM source told [...]

Knight Strip Metals to distribute Corus plated Strip

After considering a number of options, Corus has reached agreement with Knight Strip Metals to process and distribute their mild steel plated products produced at their US subsidiary. The strip is manufactured at the Apollo Metals plant in Bethlehem, Pensylvania, which produces high quality mirror finish steel and non ferrous electroplated strip.
Knight Strip Metals [...]

AK Steel breakthrough in lock-out?

AK Steel, which locked out nearly 2,700 union workers at its Middletown Works more than two months ago, said Wednesday it has a tentative agreement on a new contract with its approximately 200 hourly production and maintenance workers at its Zanesville Works.
The agreement, which would replace the contract that expires May 20, is subject to [...]

New “top man” at NASS

A West Midlands business executive has been appointed as new president of the National Association of Steel Stockholders after two decades in the steel industry.
Bob Law will carry out the role, which is based in the association’s head office in Birmingham, alongside his current position at Arcelor UK in Solihull.
Mr Law, who lives in east [...]

Posco increase stainless price by 9%

Posco, the world’s fifth-largest steelmaker, increased the price of its stainless steel products as much as 9 percent because of the higher cost of nickel, a key raw material.
Posco raised the price of stainless steel hot-rolled coil 9 percent to 2.4 million won ($2,554) a metric ton starting May 3, Bae Hyo-seop, an official at [...]

Servosteel’s new website

It is rare for me to come across a steel related website that manages to combine an attractive layout and presentation with easy access to all the information a visitor could possibly want.
Well I have found a great example at Servosteel’s new website. The home page is nicely designed and provides clear access to all [...]