Archive for July 12th, 2006
Nucor says it will build steel mill in the South
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 [...]
Posted: July 12th, 2006 under Steel News.
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Latest MEPS Steel pricing reports
EU AVERAGE CARBON STEEL PRICES
The leap in transaction prices in June has prompted us to make an upward revision to our average flat products’ price forecast. Availability remains tight for both strip mill and plate products. The higher settlement for iron ore has encouraged the mills to push for increased transaction values. Moreover, the producers [...]
Posted: July 12th, 2006 under Steel Prices.
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Nanjing announces US-based MG plant
Nanjing has announced the construction of a new MG plant in southern Oklahoma. The exact investment in the development is unknown but analysts predict the Chinese manufacturer has now spent around $2bn reviving the brand in the UK, China and America. The Oklahoma site is expected to create 550 jobs and construction will begin next [...]
Posted: July 12th, 2006 under Manufacturing News.
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