Steel Strip

Customers’ inventories are said to be lower now in Canada. Imports are minimal. Once the seasonal downturn is over, local producers expect to see a pick up in demand, although distributors report slow activity levels. However, delivery lead times remain short with some mills still willing to do deals in order to keep their operations [...]

Activity is slowly returning to the EU market after the dormant Summer holiday period. The quantities of imported strip mill products arriving in Southern Europe dropped during August. Customers are expecting import price offers to be higher during the Autumn because of an anticipated decline in availability from China and a need to recover escalating [...]

The world’s largest steelmaker, ArcelorMittal on Thursday said it had received clearance from US anti-trust authorities to sell its Sparrows Point steel mill for USD1.35 billion. The transaction is expected to close in October, subject to oversight and approval by the recently appointed court trustee, the statement said. The Europe-based steelmaker was ordered by American [...]