Steel Strip

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 [...]

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 [...]

I have lifted the title for this posting from a blog by David Smith who is the Economics editor of the Sunday Times. In turn David is quoting from an article written by Doctor Alan Reece, the chairman of Pearson Engineering, a Newcastle based engineering firm.
The article makes a number of interesting points and raises [...]

In the wake of the successful Mittal “takeover” Arcelor we have seen a recent flurry of major steel manufacturers consolidating their own stockholdings. Thyssenkrupp,  Nippon and now Tata steels have increased or are about to increase the shares they hold in their companies. This will presumably make them less vulnerable as targets for other steel companies [...]

I have just installed a message board on our server. Whilst web logs are a great way to disseminate news and opinions, and do offer the facility for comments, message boards remain a more suitable vehicle for discussions.
For anyone not familiar with them, they provide a forum for individuals from around the world with the [...]

UK Manufacturing shows signs of a recovery
According to the month’s first economic indicator of the health of the sector, the UK manufacturing economy gathered pace in June, leading to a slight increase in employment for only the second time in the past 15 months. Although companies faced mounting cost pressures, this was partly offset by [...]

Although I have used internet price comparison sites for some time now, I often find myself frustrated by the process. Being forced to re-type previously recorded details, because you wish to amend/correct one entry is my number one pet hate.
As long as you have “cookies” enabled for the particular site, it is bad design to [...]

Steel giant Mittal has finally won its five-month long battle to take over Arcelor and create the world’s biggest steelmaker after investors backed the deal and Severstal, the Russian rival, bowed out.
Shareholders of Arcelor, Europe’s largest steelmaker, rejected the current Russian offer at a packed meeting in Luxembourg yesterday, paving the way for the €26.8bn [...]