Steel Strip

A decline in imports is giving a boost to U.S. steel producers.
Last week the American Iron and Steel Institute reported that monthly imports of finished steel to the U.S. fell year over year as the weak dollar, high shipping rates, and strong overseas demand kept steel imports from reaching American shores.
This is good news [...]

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 [...]

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 [...]

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 [...]

Sharp increases in steel prices — up as much as $500 per vehicle since January — have left automakers and suppliers reeling. Tensions are rising as steel makers tear up contracts and demand immediate price increases. Steel and automotive executives say that ArcelorMittal — the world’s largest steel maker — and other steel mills notified [...]

At a time when buyers responsible for the purchasing of steel are facing a difficult and uncertain time, they need all the advice that they can get. Past experience is of little use in these unprecedented times.
We came across this article at Supply Excellence, with some good advice.
Even if they use a euphemism like “market [...]