Steel Strip

US mills’ utilisation rates have crept up steadily over the last month and now stand above 47.5 percent. The recent dire market conditions appear to have bottomed and expectations are for a steady, albeit slow, recovery. Service centres report that business activity continues to be low but inventories are now generally in balance with the [...]

The BBC is reporting further dramatic cuts in the UK Steel  Industry
Steelmaker Corus is cutting 2,000 more jobs at UK plants including Teesside, Scunthorpe and Rotherham.
The company has yet to announce the job losses, but Labour MP Elliott Morley confirmed the news. Unions said the cuts were "devastating".
About 500 white-collar jobs will go at [...]

BSS Steel Strip now have online stock lists for to cover the availability of CS70 annealed, CS80 and CS95 hardened and tempered steel coil and spring steel sheet. View here.
Stainless Spring Steel stock list can be found here.
BSS specialise in the supply of small quantities of spring steel strip and sheet.

ROTHERHAM’S giant Corus plant has suffered a further jobs blow after it was revealed plans to transfer work from the West Midlands were being scrapped.
In January bosses at Corus Engineering Steels - part of the Indian-based Tata group - announced more than 700 jobs were to go at the Aldwarke plant as part of a [...]

Vanmaker LDV is expected to be placed in administration by a court later, threatening up to 850 jobs and thousands more in the supply chain.
Attempts to sell Birmingham-based LDV as a going concern have failed.
Talks with one potential buyer, the Malaysian firm Weststar, broke down at the last minute last weekend, leading LDV to [...]

One of the biggest steel plants in the UK is to be ‘mothballed’, threatening the future of up to 2,000 workers. Workers at the Teesside Cast Products plant in Redcar were told the news ahead of a 90-day consultation period on the future of the plant. Owner Corus said the development had become unavoidable because [...]

ArcelorMittal, the world’s largest steel maker, said Wednesday that the Spanish government had granted it permission to lay off a major part of its work force in Spain, another sign of retrenchment in a country that already has the highest jobless rate in Europe.
The layoffs would run until the end of the year and [...]