Steel Strip

An argument seems to have broken out in India, over the current “scarcity” of steel. The steel manufacturers are claiming that there is in fact a supply glut, whulist the Cold Rolled Steel Manufacturers Association have accused the big boys of jacking up prices.
 
Make of it what you will, the story is Here in the [...]

 
Stelco Inc. has posted more losses but the steel giant says its performance continues to improve.
Hamilton-based Stelco reported yesterday that its net loss in the second quarter climbed to $41 million from $31 million in the same three months last year.
It marked the fifth-consecutive quarter that the company has spilled red ink since emerging from [...]

AK Steel is completing repayment of $450 million in debt by redeeming $150 million in senior notes.
The Middletown-based manufacturer announced Tuesday it would finish paying off the senior notes due by February 2009. The company previously redeemed $225 in senior notes in March and $75 million in May.
 
The redemption is funded through AK Steel’s cash [...]

Steel production in Turkey jumped 13.5 percent in the first quarter of 2007, reaching 6.1 million tons, making the country the world’s 11-largest producer of natural steel.
The world’s natural steel (steel made by the direct refining of cast iron) production was 288.6 million tons in last year’s first quarter. It grew 10.3 percent in the [...]