Archive for July 25th, 2007
High Inventories drive down EU Prices
The EU strip market is relatively quiet ahead of the conclusion of price negotiations for third quarter business. Service centres are well stocked until September and are in no rush to settle. Traders are waiting for new offers from Chinese mills following the recent changes in export taxes. EU steelmakers appear to be controlling production [...]
Posted: July 25th, 2007 under Steel Comment, Steel News, Steel Prices.
Comments: 1
Explosion sparks steel mill blaze
More than 70 firefighters have spent the night tackling a major blaze at the Corus steel plant in Scunthorpe after an explosion.
An investigation has been launched into the cause of the blast in a huge hydraulic roller used to roll steel in the plant’s medium section mill.
Firefighters described it as a pressure explosion which [...]
Posted: July 25th, 2007 under Steel, Steel News.
Comments: none