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Archive for August, 2007

Enquiry for Hot Dipped Galvanised

We have a client looking for Prime Hot Dipped Galvanized steel coils according to following datasheets:0.5*1000          300 Ton0.6*1000          500 Ton0.7*1250          500 Ton0.7*1020          500 Ton0.8*1000          500 Ton0.9*1060          500 TonTotal      2800 TonsStandard: EN 10142Zinc coating: 180gSteel grade: DX52DSurface treatment: OiledTolerance: As per EN10143M2 on both sidesRegular SpangleChromatedCoil ID: Approx 600mmDraw Quality (DQ)
 
If you are able to offer [...]

EU Steel Prices holding up - Latest MEPS Report

Last year represented the onset of greater global competition as China became a substantial net exporter of steel. In 2006, the US recorded high levels of imports from China. However, this year, the EU has taken a larger share of Chinese exports as the US Dollar weakened significantly.
EU Carbon prices showed slight signs of softness [...]

Essar Steel to set up Service Centres

 
Essar Steel, India’s third-largest steel manufacturer, will invest Rs 200 crore to set up three service centres in the country, to cater to its clients in the auto and white goods sectors. Each of the three centres — in Pune, Chennai and the National Capital Region (NCR) of Delhi — will have a capacity of [...]

Meps Latest Steel Price Roundup

 
The MEPS - Global all products price declined in July faster than we anticipated - mainly as a result of decreases in the EU and North American flat products categories. We forecast reasonably stable pricing over the period into early 2008. Predicted increases in the North American market are likely to be offset by reductions [...]

Buyer of Sparrows Point planning major expansion.

The prospective owner of Sparrows Point steel mill told workers yesterday that he plans to run the Baltimore County plant at full capacity and invest in new facilities, which could lead to more jobs and construction on the 3,000-acre site.
Craig Bouchard, who heads the global investment group that is buying the plant, said future projects [...]

Rolling Mill Academy

9th International Rolling Mill Academy - Advanced Control
ISC announces details of the next International Rolling Mill Academy to be held in Glasgow, United Kingdom on 5-9 November, 2007.
Glasgow, United Kingdom – (3rd August, 2007) ISC today announced the details of the 9th International Rolling Mill Academy. The focus of the Academy is on hot and [...]

Arcelor Mittal to sell US steel mill

Arcelor Mittal, the world’s largest steelmaker, said on Thursday it had agreed to sell its US Sparrows Point plant for an undisclosed amount. Arcelor Mittal said it was selling the facility to a joint venture entity sponsored by Esmark Inc. and Wheeling-Pittsburgh Corp., with participation by industry and institutional investors. Arcelor Mittal, formed last year [...]

Higher Steel Prices Expected As Inventories Start to Drop

In contrast to a report from MEPS, the Wall Street Journal, is reporting possible steel price rises.
 
 
After a softer-than-expected first half, some steelmakers are predicting a more robust, and profitable, second half of higher prices and lower inventories.
Mittal Steel Co. and Arcelor SA, which are combining to form the world’s biggest steelmaker by sales, said [...]

Stainless steel prices in turmoil

Western stainless steel producers of strip mill products have temporarily abandoned their traditional basis plus surcharge mechanism for selling their material. Most EU and US mills are now quoting only transaction (effective) figures. This is, principally, to disguise the discounts necessary to obtain orders after the fall in the price of nickel since early June.
Technically, [...]

Arcelor-Mittal reports sharp profit gain but warns of slowdown ahead

Steel giant Arcelor-Mittal on Wednesday reported a sharp 34 percent surge in first half net earnings, attributed to rising steel demand, but warned of a slowdown in activity in the third quarter.
Arcelor-Mittal, created a year ago in the merger of European steel group Arcelor and Mittal Steel, said net profit in the January-June period came [...]