Steel Strip

As speculation continues about whether or not Tata steel is about to make a credible bid for Corus, a little research on the company discovered a very interesting article in today’s Independant, online edition.
It’s a very recealing article, and I would recommend checking it out.
 
 
Technorati tags: steel, steel international, Corus, Tata Steel

CHICAGO Mittal Steel USA said Thursday it is idling two blast furnaces indefinitely to bring production capabilities in line with reduced demand for light flat-rolled products.
The company, a unit of Mittal Steel Co. NV, which is in the process of buying Arcelor SA for about $32 billion (€25.2 billion), is idling one blast furnace each [...]

I spotted an intereresting and typically well written article in the Financial Times on the future of the global steel industry. The author Robert Miller considers the recent mergers (notably Mittal / Arcelor) and goes on to predict much further consolidation within the Industry.
What that is likely to mean in the long term for the steel consumer [...]

In September, we have no US transaction price movements to report. Activity over the Summer was slow and values appear to have reached a plateau. However, the market is expected to weather the current quiet period, especially as there are several planned outages at mills between now and the end of the year. Service centre [...]

Shares in Corus rose 13 percent in early trading on Thursday after Indian newspaper reports that Tata Steel Ltd. was in talks to buy the Anglo-Dutch steel maker for up to $10.6 billion.
Corus would not comment on the reports, which also boosted shares in other European steel companies such as Salzgitter AG and ThyssenKrupp AG [...]

Totally off-topic, but it’s my blog so I can!
We are currently shipping steel strip from the Veneto and Milano regions of Italy to the UK. It is a developing business and we are looking for quotes from  hauliers, shipping agents etc. for prices for full loads and groupage for steel coil.
All bidders welcome, Trotter bros. need [...]

THREE out of four jobs could be axed at Sheffield spring maker Tinsley Bridge.
A total of 150 jobs could go by Christmas even though the company has been busier than ever this year.Workers say the company announced the redundancies yesterday, but no one from the Shepcote Lane business was available to comment.Tinsley Bridge hit problems [...]

One of the hackers who demonstrated exploit code for a vulnerability in the way the Firefox browser handles JavaScript at a hacker conference in San Diego admitted yesterday that the presentation was meant to be a joke, according to the chief of security for Mozilla.

There are many reports, some of which are linked below which [...]

In the short term we forecast stainless steel prices moving even higher - due mainly to an unprecedented hike in the price of nickel on the LME during August. This gain will impact on transaction prices in October and November.
We believe that the year end will be the peak of the current cycle. In the [...]

Carbon Steel
The North American average flat products price is predicted to remain reasonably flat over the next few months. However, at the turn of the year prices are likely to commence a steady decline as inventory drawdown takes hold and negative pressure builds up on domestic selling values from cheaply sourced material from the Far [...]