Steel Strip

Steel maker Nucor Corp. says strong shipments and growing margins lifted its second-quarter profit by 68 percent, beating Wall Street expectations.
Nucor said Thursday it earned $580.8 million, or $1.94 per share, in the quarter ended June 28. That’s up from $344.9 million, or $1.14 per share, a year ago.
Nucor says its sales rose 70 [...]

Nabucco, the European Union’s natural gas pipeline project, intended to reduce the bloc’s dependence on Russian natural gas, has been dealt another setback — and this one could hit European consumers in the wallet.
The companies involved in the project, already plagued by delays in construction and financing, said Tuesday that its cost would grow by [...]

Evraz Group SA, the steelmaker partly owned by Russian billionaire Roman Abramovich, bought a 16 percent stake in Australian iron-ore company Cape Lambert Iron Ore Ltd., potentially derailing a bid to sell the company’s mine to China.
“It is Evraz” that bought the holding, Tony Sage, a director in Perth-based Cape Lambert, said today by [...]

Spiegel online, have conducted an interview with Thyssen-Krupp head Ekkehard Schulz, in which he answers questions regarding the impact of price increases upon their customers.

The head of German steelmaker ThyssenKrupp, 66-year-old Ekkehard Schulz, talks about the sharp rise in steel prices, competition from emerging economies like India, China and Russia, and the prospects for German [...]

Indian steel firms may seek to raise prices when a self-imposed moratorium ends early next month, but the government is likely to oppose any hefty, inflation-fuelling increase.
Tata Steel’s Managing Director B. Muthuraman said on Wednesday Indian steel prices were ruling 15,000-20,000 rupees ($350-$450) a tonne below global rates at a time when rising input costs [...]