Steel Strip

The world’s stainless steel sector will record an unprecedented jump in crude production this year. We expect total output in 2006 to climb to 27.8 million tonnes - 3.4 million tonnes above the outturn in the previous twelve months.
Such a rate of increase is unsustainable. The long term growth in production has been around 5 [...]

I, along with many others I am sure, have found that searching for steel related information on the web can be very frustrating. This is particularly the case when attempting to find details of specifications, or technical processes. One common problem is that specifications particularly comprise invariably of a sequence of “apparently” random letters and [...]

 
UK watchdogs have set a deadline of 30 January for Tata Steel and rival bidder CSN to table further offers for Anglo-Dutch steelmaker Corus. The Takeover Panel warned that it would begin an auction procedure if the two remained in competition. Both companies had agreed to the decision, the panel added. Brazil’s CSN tabled a [...]

All the world’s steel markets are being affected by the upsurge in Chinese exports that has taken place over the last two years.
Taking statistics for carbon steel finished rolled products (omitting stainless and alloy steels, as well as semi-finished products in all qualities), China’s exports surged from 10.5 million tonnes in 2004 to a likely [...]

According to today’s MEPS steel news report, prices in Europe appear to be showing signs of weakening. Certainly in the UK the prices for hot rolled and cold reduced coil are down in December by as much as £30 a tonne, and even Galvanised coil prices are beginning to weaken.
In contrast the German producers are [...]

SHAREHOLDERS may be in for a bonanza with the battle for steel group Corus intensifying with Brazilian firm CSN yesterday dramatically trumping a takeover offer from Indian giant Tata.
The Corus board backed a 515p a share offer worth £4.9bn from CSN just hours after agreeing a 500p a share deal with Tata, which valued Corus [...]

China’s steel industry is to remain in overproduction, with a recent jump in exports unable to absorb rapid increases in output, said an official with Baoshan Iron & Steel Co Ltd.
‘For the next few years, China’s steel supply will outstrip demand,’ said Jia Yanlin, assistant to Baosteel’s president, at an industry conference in Beijing.
He said [...]