Steel Strip

LATEST REPORT FROM MEPS
The latest business in the US has been settled at marginally higher transaction values than in February. Producers are pressing for further increases next month, citing their growing input expenditure. They are claiming full melting schedules in the facilities open at present. However, several previously idled furnaces are set to come back [...]

In the UK over 90% of cold rolled spring steel sales are in CS70 and CS80 grades. Both grades are part of the BS1449 standard.
Both grades are high carbon "spring" steel used in a variety of applications where high tensile strength is required.
CS70 is normally supplied in the annealed condition, in which it is suitable [...]

A report of a bid to save Corus Teesside is reported at gazettelive.co.uk
A BID to buy the stricken Teesside Cast Products plant from parent company Corus was lodged late last night by a group of private investors, including Wynyard property magnate Chris Musgrave.
It is believed the company, which has come under intense pressure from [...]

Recent and anticipated escalating international raw material costs have led to sharply rising European steel prices against a backdrop of stagnant demand. At present, this is causing a real dilemma for the mills, distributors and end-users. Difficulties associated with obtaining credit insurance are exacerbating the low level of business activity. Many market players question whether [...]

Spot prices for strip mill products are rising rapidly as stocks dwindle in the UK. Many sizes are not available and stockholders are reluctant to place orders at increased prices when domestic demand remains weak.
The mills are asking for increases in excess of £60 per tonne partly to reflect substantial increases in the price of [...]

 
It is widely reported that the UK trade deficit unexpectedly widened as exports fell and imports surged during December.
This is despite the weak pound that should help our exports.
What surprises me the most, is that the Government and the press are “surprised” by this.
For many years now, successive Governments have done nothing to support or [...]