Steel Strip

Meps latest steel price news
EU mills are benefiting from a lack of competitive third country imports. Low inventories at distributors need to be replenished and customers are accepting that prices must go up as producers try to recover higher input costs. ArcelorMittal has announced a 12/15 percent hike for April deliveries. First quarter order [...]

OK, I have been "going on" about steel prices for weeks now, but here is an extract from an article at Purchasing.com

As every steel buyer knows, the current cost-driven environment is driving prices to record highs—with further increases probable in coming months. So, while the actual average transaction price for hot-rolled sheet in coil [...]

Australia
AUSTRALIA’S biggest steel maker, BlueScope, yesterday warned that massive rises in iron and coking coal prices were set to stoke inflation, and flagged looming increases in prices of steel products.
Last week, the country’s second-biggest steel maker, OneSteel, similarly warned of rising prices. OneSteel has raised its prices by about 10 per cent in recent [...]

The London Metal Exchange has launched its first contracts for steel, as the capital’s industrial metals marketplace looks to exploit surging prices driven by rampant demand from China and India.
Steel trading volumes soared to almost 1.0 million dollars (675,000 euros) in value on the first day of trading Monday, an LME spokesman told AFP.
Traders can [...]

From the USA
Steel prices are rising amid tightened supplies and robust overseas demand.
The worst-case scenario could be a repeat of 2004, when manufacturers of many products, from automobiles to washing machines, faced severe steel shortages and record-high prices.
That’s not happening yet, but there’s plenty to worry about, according to some industry experts.
The price of [...]

Steel, part of the fabric of daily life for hundreds of years as ploughs and pipes, guns and girders, will be traded on the London Metal Exchange from Monday, allowing producers and consumers to hedge their future business commitments.
The world’s premier platform for non-ferrous metals will begin trading futures in billets, a steel product commonly [...]

Pakistan Steel has, for the second time in 15 days, increased the prices of its various products from Rs 7,000 to 8,000 per tonne, which the steel dealers fear may further increase prices of automobiles, home appliances and other value added products. According to a survey by Daily Times, during the last [...]

PARIS (Thomson Financial) - Steelmaker ArcelorMittal said it has raised base prices for flat carbon steel products in Europe by another 40 eur per ton, taking the minimum base prices to 600 eur per ton for hot rolled coil and 680 eur per ton for cold rolled/coated products.
Quarto plate will increase by at least 40 [...]

Taiwanese authorities said Thursday they will temporarily suspend exports of steel billet and debar amid fears of shortages caused by soaring iron ore prices.
The three-month suspension, effective from March 5, is aimed at stabilising domestic steel product prices, the economic ministry said in a statement.
The ministry would also immediately impose monitoring on exports of scrap [...]

China’s steel makers will likely be able to use a higher-than-expected rise in iron ore prices as a pretext for hiking their own prices, easing pressure on profit margins in the world’s largest steel industry, analysts said.
China’s top steel maker, Baoshan Iron and Steel, is expected to raise second-quarter prices of its key products, including [...]