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Archive for August, 2008

GLOBAL STEEL PRICES EXPECTED TO PEAK BEFORE THE YEAR END

The latest MEPS report on steel prices, echoes our current feelings. Whilst the steel producers have successfully recovered their cost increases "and then some!", weakening demand in the Western economies is having a negative impact upon demand.
Whilst we are coming out of the summer closures, this may not have an immediate impact upon prices, but [...]

Carbon Cold Rolled Strip for Springs

The commonest steel grades used in the UK for spring manufacture are CS70 and CS80, being part of BS1449. They are equivalent to EN10132 Euronorm grades C67S C75S and C85S which can be found here. For thinner gauges and where a higher a hardness is required, CS95 is often used.
The material can be supplied in [...]

Demand spurs reopening of steel mill near Kingman

Sustained high metals prices and growing demand for rebar have prompted a decision to reopen an idle steel mill near Kingman that in its heyday employed about 180 people.
Nucor Corp., one of the nation’s largest steel producers, said it would invest approximately $30 million to restart the former North Star Steel Mill, which has [...]

ThyssenKrupp to sell industrial services

ThyssenKrupp, the German steelmaker and industrial conglomerate, plans to sell most of its industrial services unit, in an attempt to streamline its business and finance further acquisitions.
The industrial services unit reported sales of €1.9bn ($2.8bn) in the last fiscal year and is the smallest of ThyssenKrupp’s service businesses.
Ekkehard Schulz, chief executive (pictured left), said the [...]

Steelworkers union asks members to strike if talks fail

PITTSBURGH » The United Steelworkers union has asked more than 14,000 members at facilities run by ArcelorMittal, the world’s largest steelmaker, to allow it to call a strike if current contract negotiations fail. The labor union said in a notice distributed at 14 plants nationwide that a "lack of progress" in the talks, which began [...]

Mini-mills prompts rush for steel scrap.

Steel firms taking a massive bet on furnaces fed on cheaper scrap metal rather than more traditional iron ore could find themselves in trouble as scrap supplies become both more expensive and increasingly difficult to find.
Around 40 percent of the world’s new steel capacity being built this year will be in the form of electric [...]

Toyota considers price hikes as steel costs soar.

Toyota Motor Corp. said Wednesday that it was considering raising its prices in response to soaring steel costs, following a report that it will announce hikes in Japan for next month.
According to the Nikkei business daily, Japan’s top automaker has began notifying affiliated dealerships of the planned price increases.
The increases of between one and three [...]

Steel Strip Suppliers, reach new customers now.

If you are a supplier of hot or cold rolled steel strip, we can offer a fast and economic way to reach new customers now.
Increasingly steel buyers look to the web to find potential new suppliers. This is of no benefit to you as a supplier if your name is not found, and found quickly.
Steel [...]

Steel firm lands £6m order boost

STRUCTURAL steelwork contractor, Billington Structures, has clinched three orders, worth £6 million in total, in one day.
The Barnsley firm, which designs, fabricates and erects structural steelwork for the construction industry, has been asked to supply and erect more than 2,000 tonnes of steelwork for three educational establishments in the south of England. [...]

Port Talbot plant is viable say the workforce

Latest speculation over the future of Port Talbot steel- works has been dismissed as just that - speculation.Industry analysts raised doubts over the plant’s future after owner, Tata Steel, announced plans to double its return on invested capital in the next five years. Some observers believe that could put Port Talbot in a [...]