Steel Strip

I have been reporting over the past few days about price increases in the Steel Industry. these are taking place throughout the world, driven largely by cost increases. The price of iron ore, oil and electricity are driving up manufacturing costs, and the days when the steel industry would absorb these are long gone.
In the [...]

The worlds fourth largest steelmaker based in South Korea said on Tuesday it will raise its hot-rolled steel prices by 11.5 percent, after other regional steel makers raised their prices.
The widely expected price increase would be the steel maker’s first for hot-rolled steel, POSCO’s key product, since July 2006.
Prices of hot-rolled steel will be [...]

Indian billionaire Lakshmi Mittal will get a dividend package of £460million this year from his stake in the world’s largest steel producer.
ArcelorMittal today announced its dividend payment schedule for 2008 as part of which it would make four quarterly payments of $0.375 per share in March, June, September and December.
The London-based tycoon, who [...]