Archive for July 30th, 2007
Global sheet and coil prices declining
Transaction values for flat products in Canada continued to edge downwards during July. Demand is weak, with buyers reluctant to commit to forward orders as they concentrate on reducing stock levels. The continuing strength of the Canadian dollar is also impacting badly on pricing as US mills are actively selling across the border at competitive [...]
Posted: July 30th, 2007 under Steel International, Steel Prices.
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ArcelorMittal to take full control of Polish Steel
ArcelorMittal, the world’s largest steelmaker, said Thursday it would pay US$157 million (€114 million) to buy the Polish government’s 25.2 percent stake in its Polish steel unit and take full control of the company.
Mittal Steel Co. NV — which is taking over Arcelor SA to form ArcelorMittal — bought 69 percent of Polskie Huty Stali [...]
Posted: July 30th, 2007 under Steel International, Steel News.
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US steel shipment down by 8.2% YoY in May 2007
American Iron and Steel Institute reported that in the month of May 2007, US steel mills shipped 9.087 million tons of steel down by 8.2% YoY as against 9.895 million tons shipped in May 2006 and also down by 2.6% MoM from the 8.849 million tons shipped in April 2007.US’s adjusted YoY comparison of YTD [...]
Posted: July 30th, 2007 under Steel, Steel International.
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