Archive for March 14th, 2007
Steel prices rising again?
I spotted an interesting article over at Purchasing.com on steel prices. Buyers are expecting further price rises, but with demand remaining weak, and inventories relatively high they are anticipating resistance.
Historically steel mills were quick to “back off” when higher prices resulted in a reduced order intake, but more recently they have been prepared to reduce [...]
Posted: March 14th, 2007 under Steel Comment, Steel Prices.
Comments: 3
Salzgitter to investigate cooperation with Algoma
Salzgitter AG said it still intends to investigate the potential for an industrial cooperation with Canada’s Algoma Steel Inc although talks between the two companies regarding a possible takeover have been terminated.
Salzgitter announced that no binding takeover bid will be issued ‘for the time being’, but a company statement added: ‘It is intended to [...]
Posted: March 14th, 2007 under Steel International, Steel News.
Comments: none