Archive for February 26th, 2008
More steel price rises
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 [...]
Posted: February 26th, 2008 under Steel News.
Comments: 1
Steel forges London market debut
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 [...]
Posted: February 26th, 2008 under Steel News.
Comments: none