Steel Strip

Growth in Chinese steel consumption is expected to slow markedly in the second half of this year amid weakening demand from the construction, household appliance and automobile industries, according to industry experts.
Yang Siming, general manager of Nanjing Iron & Steel told a steel conference in Xiamen this week that most Chinese steel mills had [...]

Steelmakers including Nucor Corp., the largest U.S.-based producer, fell in New York after ArcelorMittal said it will cut South African steel prices, raising concern prices will drop in North America as well.
Nucor slid $3.43, or 6.5 percent, to $49.07 at 4:15 p.m. in New York Stock Exchange composite trading. U.S. Steel Corp., the second-largest [...]

ArcelorMittal SA said Wednesday that it was not planning to reduce steel prices across the board despite a move to cut prices in South Africa.
The world’s largest steelmaker has raised prices this year on soaring costs for energy and iron ore, as it also faced less competition from lower-priced Asian rivals.
ArcelorMittal shares sank in South [...]

South Africa’s largest steel producer, ArcelorMittal South Africa, has announced its first price decrease for the year and will cut the price of both hot-rolled coil (HRC) and wire rod by 5% as from October. The price of HRC, which provides the base price for flat steel, will decline from its record [...]

Due to the export market softening, a US dealers are predicting that the September 2008 scrap price will fall again. Actually, some scrap prices are already on a downward trend in the local market. Price of busheling scrap is estimated to drop by USD 200 per long tonne to USD 650 per long [...]

Stainless steel prices have had a very turbulent twelve months. Since August 2007, cold rolled coil type 304 transaction values in North America have dropped by approximately $US1650 per tonne, EU figures have plunged by over $US1150 per tonne and Asian numbers have moved down by almost $US800 per tonne. Hot rolled coil and plate [...]