Steel Strip

Service centre inventories continue to come down in the US but the rate of decline has slowed and they remain above the desired level. Only a proportion of the recently announced flat products transaction price hikes have worked their way into the market place. Real consumption has failed to recover. Import competition continues to be [...]

 A worldwide Nickel shortage that is pushing up stainless steel prices is unlikely to improve before the end of the year according to a report at Reuters.
Expect nickel’s price to rise beyond its current stratospheric level, as new supply due later this year will fail to satisfy a growing need for the metal in stainless [...]

Finnish stainless steel maker Outokumpu said Tuesday it would cut production by about 10 per cent in the second quarter after reporting its first-quarter operating profit rising to euro 424 million – an all-time record.
Net profit in the three-month period through March surged to euro307 million (US$416 million) from euro56 million a year earlier. Revenue [...]

Profits at Evraz, the Russian steelmaker part-owned by Roman Abramovich, surged nearly 43 per cent to a record $2.65 billion (£1.33 billion) last year.
Alexander Frolov, the chief executive, said rising production and higher prices fuelled by the booming world steel market led to “the best year in our history”.
Crude steel production rose 16 per cent [...]

 A recent enquiry for the supply of steel strip to a manufacturer in Greece, made me realise that our listing of steel strip service centres and stockholders over at Steelstrip Resources is rather “thin” on entries outside of the UK and USA. As our site receives many enquiries for a wide range of grades and sizes [...]