Steel Strip

ArcelorMittal said on Oct. 31 it was shutting down furnaces at a dozen sites across Europe for at least six months in response to a sharp fall in demand from crisis-hit car makers.
The move will slash output by up to 30% at the Dunkirk, Florange and Fos-sur-Mer plants in France, as well as a [...]

New high-tech environmental facilities at a steelworks in Deeside have been opened by First Minister Rhodri Morgan.
The two new multi-million pound projects at Corus’ Shotton steel works should safeguard around 600 jobs at the plant.
One will produce panelling which includes insulation for roofing on commercial or residential buildings.
The second will undertake research into [...]

According to le Figaro, ArcellorMittal is to close half of it’s furnaces at Fos-Du-Mer near Marseille. The closure is planned from mid November until the end of January, in response to low demand for steel. There was no official comment by the company.
 
Technorati Tags: ArcellorMittal,Steel production,France

 MEPS are reporting that prices continue to fall despite the steel producers strong stance.
Transaction prices continue to head downwards In the US as scrap costs are dropping rapidly. Mill order books are very weak because customers are depleting their inventories. Financing of stocks has become a real issue. Buyers are holding back from purchasing, expecting [...]

EIGHTY-SIX people were last night told they face redundancy from a North-East engineering company after a dramatic downturn in sales in recent weeks.
The jobs blow from Thyssenkrupp (TK) Tallent comes only two months after it announced a further 40 potential redundancies as it restructured its operation in the face of the economic downturn.
The [...]

MEPS have published their latest price forecast on stainless:-
Stainless steel prices are likely to slip further over the next few months. More production cuts are also envisaged for the rest of 2008. However, a revival in price and supply are anticipated early next year. The recovery is forecast to be modest but none the less [...]

INVESTMENT at Corus’s narrow strip mill in Rotherham is paying dividends in the shape of a new product that could save customers days of work.
The company has become one of a handful around the world that can supply cold rolling customers with 1mm thick hot rolled narrow strip. This week, the Rotherham [...]

European steelmakers said Monday they are facing a difficult market climate as demand dries up and rival steel imports from China rise.
Eurofer — an association whose members include ArcelorMittal SA, Corus and ThyssenKrupp AG — said the European steel industry was "entering a period of temporary instability and oversupply" that might only end with a [...]

It is reported that US Steel Canada has begun shutting down its Hamilton blast furnace due to the global financial crisis. It intends to halt primary steelmaking for 6 to 8 weeks while continuing to make coke at full speed. US Steel Canada is in talks with union leaders to reschedule maintenance [...]

ArcelorMittal, the world’s largest steel maker, said on Thursday it will shut down its blast furnace number six at Seraing in Belgium until at least the end of February, Belgian media reported.
Public broadcaster RTBF said the move, which comes only eight months after the furnace was reopened, was due to the financial crisis and [...]