Steel Strip

Most wire rod producers are planning to raise mill list prices by $40/ton in April.
The price announcements from ArcelorMittal, Keystone Steel & Wire, Gerdau Ameristeel and other producers match the previous $40/ton price increases in January and February. The mills are quoting list prices in March of $760-780/ton while buyer surveys show low-carbon wire [...]

Russian steelmaker Evraz announced Friday it will buy Canada’s IPSCO for $4 billion.
Evraz is creating a stronger base in North America for downstream steel products, such as steel plates and tubes, the Russian firm said in a statement. IPSCO Inc. makes steel plate, as well as pipes for the gas and oil industry.
"This deal will [...]

Voestalpine AG, Austria’s leading metallurgical company , is considering Ukraine as the site for its upcoming project to build one of Europe’s biggest steel-producing mills reported the Kyiv Post on March 13. If Ukraine is selected over other countries in the Black Sea region, experts said the multi-billion-dollar proposal would represent the nation’s single-largest [...]

Russian steel maker Severstal boosted net profit 33.1 percent last year as steel prices rose and the company passed on inflationary costs to customers in the Russian and European steel markets.
Severstal, Russia’s largest steel maker including foreign assets, said in a statement 2007 net profit rose to $1.94 billion as Russian demand rose and the [...]