Steel Strip

Just a couple of days after confirmation that any take-over of Algoma by Salzgitter is “off” , the company are deying rumours of a bid for Boehler-Udderholm 
Link to Salzgitter denies it is in talks to buy Boehler-Uddeholm - Forbes.com

I had an email in from these people. Now if I understand the idea correctly, it seems to be a portal to find live truck routes, presumably to facilitate the arrangement of material deliveries and link truckers and potential goods shippers.
I assume that, but as you need to register (and pay?) to test out the [...]

I have written in the past about my hopes for a renewal in the fortunes of the coal industry. it’s perhaps not that surprising considering I was raised in a region who’s economy was based on coal and steel.
I found an interesting article headed “The future of coal” published by the Massachusetts Institute of Technology (MIT) regarding [...]

 
SteelBenchmarkerâ„¢ reported an overall jump in hot band prices for the last fortnightThe four benchmark prices for hot rolled band included in the March 12th report are1. USUSD 611 per metric ton FOB the mill Up by USD 14 per ton from USD 597 two weeks ago Down USD 87 per ton from the peak [...]

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 [...]

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 [...]

Officials of the Independent Steelworkers Union will ask their 1,250 members to approve a proposed merger with the United Steelworkers through a mail-in ballot later this month. The votes will be tallied March 31.The proposed merger agreement was unanimously approved Tuesday by the ISU five-member executive committee and by the 13-member steward body. General membership [...]

Shareholders of Corus Group have agreed to Tata Steel’s $12 billion takeover of the Anglo-Dutch steelmaker, sealing the largest foreign acquisition by an Indian company.Investors representing 97% of the shares backed the purchase today, Corus said following an extraordinary general meeting in London. The acquisition is scheduled to take effect April 2. Corus shares will stop [...]

The Mittal group is in talks to buy steel company Saarstahl AG, located in Saarland, Germany, the Indian daily Financial Express reported.
”The Mittal group is looking Saarstahl, which is into manufacturing of long rods and wire business.
Link to Forbes.com
Technorati tags: Saarstahl, Mittal

Despite denials from Severstal, Tata and Corus, rumours are still circulating about Severstal and the Corus “long products” plants.
Last year Severstal was linked along with Tata and CSN to be interested in making a bid for Corus.
Whilst Tata finally acquired back in January, reports have continued to appear about an offer for the Scunthorpe plant [...]