Steel Strip

Mittal secures Arcelor backing:
MITTAL Steel has won control of 92 per cent of Arcelor shares as it closes in on the controversial £18 billion takeover of its rival.
Mittal needed 50 per cent of Arcelor shareholders to back the deal to create a company more than three times the size of the next biggest steelmaker.
Chairman and [...]

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Make sure you are running [...]

According to the latest Kiplinger Letter a Washington DC economic forecaster steel prices could rise in August and remain high well into next year. The newsletter said “Typically they decline in the fall, but not this time around. Growing demand in the US, China, India and Europe are to blame.” China, India and other developing [...]

An article in the Telegraph based on a report from “Le Monde” goes on to tell us that the French Secret Services intervened directly to try and scupper Mittal’s takeover of Arcelor. The DST (La Direction de la Survaillance du Territoire) was created to combat “espionage by alien powers”.
It is rather doubtful that Laksmi [...]

The world’s second largest steelmaker Arcelor has paid Russian company Severstal 140 million euros (about $180 million) in compensation for a failed merger deal, Severstal said on Friday, July 21. MosNews has reported on the merger deal that was signed on May 26, but was rejected by Arcelor’s shareholders on June 30 after a [...]

Following a recent trip to Italy, I am pleased to announce that BSS Steelstrip have been appointed the UK agents for RIZZATO NASTRI S.P.A and Lavorazione Italiana Metalli Affini.
We are confident that these appointments will enable us to offer a high quality product to UK based steel strip users from all sectors of the Industry.
Rizzato [...]

MEPS are reporting that despite the current situation pricing on steel products in Europe is likely to ease toward the end of the year.
We are seeing shortages in some areas, particularly galvanised, and lead times for steel strip have been extending. With the annual shutdowns upon us in Europe, this situation is unlikely to ease [...]

Mittal Steel has said it has met the minimum conditions for its takeover of rival Arcelor - acquiring 50% of its outstanding shares. It said that it was still verifying the number of Arcelor shares it had been able to buy at its offer price, and would give a final result on 26 July.
Arcelor’s board [...]

If the Chinese government continues to subsidize its steel market, it could have devastating consequences for the future of American steel companies, industry heavyweights said Thursday.They called on the U.S. government to act aggressively in ensuring that China competes fairly in the global steel market.
Four steel industry groups released a report — “The China syndrome: [...]

Nucor Corp., the second-biggest U.S. steelmaker, said it would build a mill in the South to produce metal used in car motors and heavy equipment. The new plant will be able to produce 850,000 tons of carbon and alloy sheets a year, Charlotte-based Nucor said. The company didn’t specify where it will build or when [...]