Steel Strip

Chrysler is to enter bankruptcy protection after failing to persuade a number of hedge funds to write off its debts, a White House official has said.
President Barack Obama is due to make a statement shortly on the future of the struggling US carmaker.
The news comes as Chrysler has been in last minute talks to [...]

Italy’s biggest steelmaker, Riva Group, will cut output at its major Italian unit to 30 percent, or 3 million tonnes, due to weak demand from key industrial consumers, the family-owned company said on Wednesday.
The Ilva plant in Taranto, southern Italy, will stop the fourth blast furnace out of five from May 10, Riva Group [...]

The Birmingham based van maker LDV has applied to enter in to administration.
The Russian owned company has been in difficulty for some time as sales of commercial vehicles have collapsed. An earlier  bid for Government help did not fail entirely, but help was offered only on the basis that their current financial situation was stabilised [...]

ArcelorMittal has seen its quarterly sales almost halve with the global recession hitting demand for steel.
Revenues at the world’s largest steelmaker fell to 15bn euros ($19.8bn; £13.5bn) in the three months to 31 March, from 29.8bn euros a year ago.
As a result, the firm posted a quarterly loss of 1.06bn euros, its second in [...]

The owners of a car components plant in Llanelli that once employed over 1,000 workers say it could finally close with the loss of 100 jobs.
ThyssenKrupp Tallent, formerly Camford Pressings, has told staff it is looking at moving work to its other UK sites.
It said a final decision had yet to be made and [...]

Extract from article By Peter Marsh, Manufacturing Editor at FT.COM 
ArcelorMittal is likely to have to make permanent cuts of up to 10 per cent in its steelmaking capacity as the industry reels from the impact of the worst global recession in decades, industry observers have warned.
It has slashed output in recent months by nearly 50 [...]

Around 50 jobs are to go at Sheffield forging plant Firth Rixson – just days after stainless steel giant Outokumpu announced the loss of 110 jobs.
Staff at Firth Rixson Forgings have been told "up to 60 jobs" will be cut from the 156-strong workforce at the Meadowhall site. Workers have received letters [...]

A great number of market players are strongly critical of the size of the current EU mill production cuts. They consider that they are insufficient to bring order back into the marketplace. Producers have failed to announce new prices for second quarter deliveries. It seems that the traditional mode of monthly or quarterly pricing no [...]

BSS Steel Strip are now able to offer steel blanks and profiles from as from 0.05mm to 10mm in a range of grades including cold rolled mild steels, high carbon and spring steels, and stainless grades 301 and 420.
Grades we supply:

EN10139 DC01 through to 4 including restricted tempers (these grades comply to BS1449 CS1 to [...]

THE 4,500 Corus employees in Scunthorpe are being offered unprecedented six-month sabbaticals on half-pay as part of a £1-billion cost-cutting exercise.

Company chiefs insist the sabbaticals – previously unheard of in the UK steel industry – have few strings attached to them.
All workers can sign up to the offer, but bosses will assess each employee on [...]