Steel Strip

Johannesburg
WITH Arcelor Mittal SA set to implement yet another hefty steel price increase next month, the price of steel will be more than 60% higher than it was at the beginning of this year.
But if that’s shocking, add all the other shock increases in key input costs and you begin to wonder whether SA’s economy, [...]

AK Steel Holding Corp. said Tuesday (01/04/08) it will raise prices for stainless steel sheet, strip and continuous mill plate products, effective Sunday, by four to six percent.
The price hikes, which apply to various grades, will be accomplished through a reduction in the functional discount rate of two percentage points. That equates to an increase [...]

Last year, the company was taken over by Indian conglomerate Tata, which its managing director, Kees Stolwijk, says is opening up new opportunities for the group, including its South Yorkshire operations. It was feared that the Indian group might sell off Corus Engineering Steels (CES) as it had no engineering steels operations [...]

Brazilian steel maker Gerdau SA has held talks with French government officials on the possible purchase of an ArcelorMittal plant that unions say is set for closure, the Finance Ministry said Monday.
In a statement, the ministry confirmed French media reports that Gerdau was interested in buying the plant in Gandrange, in northeastern France. It has [...]