Steel Strip

Anglo-Dutch steelmaker Corus has announced price increases for reversing mill plate and structural sections, in response to higher costs for raw materials and energy.
The company, which is owned by India’s Tata Steel Ltd, said that basis prices for reversing mill plate will rise by 60 pounds a tonne for deliveries from June 1. Prices for [...]

AK Steel Holding Corp. said Wednesday it increased spot-market prices for its carbon-steel products by $50 a ton for all new orders.
The move follows a $150-a-ton increase earlier in the month.
The West Chester, Ohio-based carbon and steel producer said the price hike is in response to increased demand for carbon steel products and the need [...]

In Germany, consumption is normal but service centre inventories are building as buyers make speculative purchases because they fear material will continue to be in short supply. Additionally, they anticipate even higher prices in the future. By late third quarter, stock levels could be too high for demand. The general economic situation is not good. [...]