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Archive for June 18th, 2008

In the cradle of the industrial revolution

I am grateful to Maria at American Metal Market , for sending me a link to an article that appeared in the Pittsburgh Post Gazette, written by David Bear. If you ever get to the UK David, I would gladly be your guide to Ironbridge for the day.
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IRONBRIDGE GORGE, Shropshire, England — It may be [...]

EU Flat product prices continue to rise says MEPS

The latest report from MEPS
The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although less material is entering the region. There is relatively little steel from China due to the [...]

Nippon Steel to Raise Plate Price 40%, Traders Say

The world’s second-biggest maker of the metal, will raise contract prices of steel plate for domestic shipbuilders about 40 percent to a record, steel traders said.
Steel plate will increase by 30,000 yen ($278) a metric ton by Sept. 30, said the traders, who asked not to be identified because negotiations are confidential.
Nippon Steel, [...]

Corus will hike UK steel strip prices

Although it’s been known "unofficially" for a week or two, Corus have announced that it will increase the basis for it’s flat rolled products in the UK.
The price increases will be at least 150 pounds per tonne for hot rolled steel, 175 pounds per tonne for cold reduced steel and 200 pounds for hot dipped [...]