Steel Strip

By Paul Gordon and Debarati Roy
Sept. 17 (Bloomberg) — JSW Steel Ltd., India’s third-largest producer, predicted prices and demand for the metal will revive after next month as steelmakers lower production globally.
“Some European companies have already announced production cuts,” Seshagiri Rao, finance director at the Mumbai-based company, said in an interview today. “Also, the [...]

"Off topic", , but it’s good to see someone speaking plainly about the current financial situation and  the role of the bankers in creating it. Reported in full, because it should be read.
Thirty years we’ve had, of unfathomably wealthy bankers and dealers being justified as part of the free market.
So they boasted: "I’ve just [...]

According to China’s National Development & Reform Commission steel prices in the major markets of 30 provinces and cities slid down in August from a month before by 3.31% or climbed up 40.06% from the same period last year to stand at CNY 6056 per tonne.
1. Construction steel trade price averaged CNY 5431 per tonne [...]

A control room at a long-standing steel plant in south suburban Riverdale was badly damaged during a fire Tuesday night.
A fire started about 8:30 p.m. inside a control room at Mittal Steel, 13500 S. Perry Ave., and was contained to the single room, a Riverdale Fire Department firefighter said.
The fire was extinguished about 9:15 p.m.
The [...]

European steelmakers are hopeful that EU regulators will take a tough line on miner BHP Billiton’s proposed $115 billion takeover of Rio Tinto due to competition concerns about iron ore and coal.
Steelmakers, faced with price hikes in iron ore of 65-71 percent this year, are worried that combining Rio and BHP, the world’s second- and [...]