Steel Strip

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 [...]

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 [...]

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, [...]