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Archive for September 5th, 2008

Stainless Shim Steel Strip

BSS are pleased to advise that we are now able to offer small quantities of stainless spring steel from stock.
Temper rolled Stainless Steel Shim 1.4310 (AISI 301) This Steel has a good corrosion resistance due to a content of 17 % Chromium and 7 % Nickel. A high tensile strength is [...]

Car sales plummet, more bad news for the steel industry?

Car sales are falling around the world to all times lows:-
From the UK
Society of Motor Manufacturers (SMMT) reported an 18.6 per cent annual decline in sales in August, with sales to private buyers rather than the fleets down by a massive 23.6 per cent.
In a telling development, sales of sports cars and SUVs are [...]

Will steel companies cut production to protect prices?

Despite continuing bullish talk by steel producers, falling car sales around the world, reduced construction and the general slowdown in economic activity is having an impact on steel sales and putting downward pressure on prices. In the past such fluctuations in supply and demand have lead to the price of steel continuously surging and collapsing [...]

Indian steel companies cut prices by 4.5%

In the wake of a slump in steel prices globally, primary and secondary steelmakers including Ispat, Essar, JSW and Uttam Galva are learnt to have slashed metal prices by up to Rs 2,000 per tonne in the spot market with effect from September 1. This works out to a 4-4.5% cut in prices across different [...]