Steel Strip

Inventories at US service centres and OEMs are up from the very low levels of a month ago. The proposed January price rises have spawned a mild buying frenzy for December delivery. The market is described as "moderately strong" due to tightened supply, with little or no offshore offers. The October transaction price increases are [...]

MEPS are reporting:-
Following ArcelorMittal’s recent price announcement, it now seems unlikely that any strip mill product increases will be implemented in the first quarter 2008. The company intends to defer the rise, which will reflect escalation in raw material costs, until period two. Inventories in most countries under review are still not at comfortable [...]

The hulking steel plant tucked in the northeastern corner of the state never has been much to look at. Monday, it started looking a whole lot better to some people.
In fact, Claymont Steel has become alluring enough to attract a suitor all the way from Russia.
If all goes as expected, the 87-year-old mill will be [...]

The owner and prospective buyer of the Sparrows Point steel mill worked Monday to meet a self-imposed midnight deadline for eliminating hurdles to the sale of the plant near Baltimore, parties involved in the transaction said.
Failure to finalize the deal would not result in an immediate change in the mill’s operations, but court-appointed trustee Joseph [...]

ArcelorMittal has entered into a "business cooperation agreement" with a Hong Kong company, China Oriental Group Co. Ltd., as well as an agreement with that company’s controlling shareholders, that the world’s largest steelmaking group says will strengthen its position in the Chinese steel market.
The investment is reported to be about $2.2 billion.
“We have [...]

The latest MEPS forecasts estimate global crude steel output in 2007 at 1350 million tonnes. Further growth is anticipated – rising to 1600 million tonnes in 2011. This represents an increase of more than 350 million tonnes over the period from 2006. In the previous five years, the volume of production expanded by almost 400 [...]

ArcelorMittal has acquired NSD Limited, a leading steel distribution company specialising in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, UK, in order to increase its commercial presence in the UK market. With 130 000 tpy of sales (100 000 tpy of heavy section + 30 000 tpy of tubes) and 89 [...]