Archive for July 30th, 2008
STEEL INDUSTRY NEWS FROM MEPS
Meps have issued a new Steel roundup, on steel demand, supply and pricing
We are now seeing the beginning of the seasonal summer slowdown in demand in the US. In addition, those domestic producers heavily involved in the auto sector are finding it more difficult to fill their order books. The rate of steel transaction price [...]
Posted: July 30th, 2008 under Steel Comment, Steel International, Steel News, Steel Prices.
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ArcelorMittal profits soars past forecasts- Is it time to give steel users a break?
ArcelorMittal, the world’s number one steelmaker, reported second-quarter results far above analysts’ expectations on Wednesday as it managed to pass on rising raw material costs despite the growing economic gloom.
”These new record-high results are far above what could be expected,” said BHF Bank analyst Hermann Reith, adding that the analyst community had underestimated ArcelorMittal’s [...]
Posted: July 30th, 2008 under Steel, Steel Comment, Steel International, Steel Prices.
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