Archive for June 3rd, 2008
Lack of funds, high steel prices delay Asian projects
Rising raw material costs for steel have pushed prices higher and with a lack of liquidity in the financial system projects in Asia are being put on hold, industry leaders told a conference.
Infrastructure projects, in which steel is one of the main items, are being delayed. Steel expansion or new steel schemes are expected to [...]
Posted: June 3rd, 2008 under Steel Comment, Steel International, Steel Prices.
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STEEL FIRM EXPLORING MINE PLAN
Corus has revealed it wants to open a new deep mine in Port Talbot to harvest the rich coal seam beneath its steelworks.The steel giant has been given an exploratory licence to see if a deep mine is feasible - making the works less reliant on coal brought in by sea.
Thanks to parent company [...]
Posted: June 3rd, 2008 under Manufacturing News, Steel Comment.
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Surging steel prices cost automakers $500 more per vehicle - Autoblog
Came across this interesting blog, and a posting about the impact of steel prices on the cost of a new car.
A few years ago, high(ish) gas prices and fierce competition had Detroit automakers talking about the "perfect storm" that the domestic industry was facing. Fast forward to 2008 and the entire auto industry, not [...]
Posted: June 3rd, 2008 under Blogs and the Internet, Steel Comment, Steel International, Steel News, Steel Prices.
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