Archive for August 20th, 2008
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 [...]
Posted: August 20th, 2008 under Steel, Steel Prices.
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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 [...]
Posted: August 20th, 2008 under Manufacturing News, Steel, Steel Prices.
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