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Archive for April 28th, 2008

Steel on the net blog On Corus closure

The team at http://www.steelonthenet.com/ have for some time considered that - with no iron ore, a dependence on imported coal, high energy costs and expensive labour - there was little chance that UK iron and steelmaking would survive long-term. This view was reinforced by recent EU legislation concerning CO2 emissions, which can only result in [...]

Steel is still the material of choice

Despite the increasing weight of cars on our roads, steel continues to remain the preferred body structure material for vehicle construction.
In fact, steel was used in the manufacture of 99% of all new cars in 2007.
Professor Jon King, Director of Corus Automotive Engineering gave a lecture on the subject at the IMechE "Lightweighting for carbon-free [...]

The bell rings time for the steel boom.

This article appears on today’s Telegraph.co.uk site
If America and Japan are in recession, nobody told the steel market. The price of hot-rolled coil used in cars and trucks has risen 40pc since Christmas, reaching a record $1,003 a tonne last week. Billet steel used in buildings has doubled to $965 since the credit crunch began [...]

Steel price soars as material costs are passed on

Steel prices have almost doubled in the past year as steelmakers have passed on big increases in the costs of iron ore and coking coal to consumers.
The jump threatens to create fresh problems for manufacturers and stoke inflationary pressures in emerging markets where demand is high, driven by urbanisation in China and infrastructure spending elsewhere [...]

European Steel Boss Warning?

 
The European steel industry must be defended against the dumping of subsidised products from overseas. The call came at a dinner at Corus in Scunthorpe, attended by more than 670 people from all over Europe. They were members and guests of the Lincolnshire Iron and Steel Institute (LISI), which was holding its 75th annual dinner. [...]

World steel boom boosts German steelmakers, jobs

German companies are riding the crest of a boom in world steel demand, with increased sales also helping propel big increases in the workforce, the first in 35 years in that industry in the country. Hans Juergen Kerkhoff, president of the Steel Business Association, issued the figures at the Hanover Fair, the [...]