Archive for May 30th, 2008
Steelmakers Try To Block BHP Billiton Bid
European steelmakers called Friday for EU regulators to block BHP Billiton Ltd’s takeover of mining rival Rio Tinto PLC, saying the deal would allow a new iron giant to fix prices for steel’s key raw material.
Eurofer, the European Confederation of Iron and Steel Industries, said it ”cannot believe that the (European) Commission will authorize the [...]
Posted: May 30th, 2008 under Steel International, Steel News.
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GLOBAL STEEL PRICE HIKES LIKELY TO EXTEND INTO THIRD QUARTER
Steel Price forecast from MEPS
US transaction prices continue to shoot up as the substantial hikes, planned by the mills for June deliveries, are implemented. Further sharp increases have been announced by a number of producers for third quarter business. This is despite a generally weak economic environment. Companies are only purchasing for their immediate requirements, [...]
Posted: May 30th, 2008 under Steel International, Steel News, steel strip.
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