Steel Strip

The latest MEPS report suggests that steel prices may have reached a peak. Despite this Northern European Mills continue to pursue price increases for the third quarter:-
Excerpt:
In Western Europe, producers are talking up period three prices but firm negotiations are only just starting. Customers believe that some of the numbers being proposed are far [...]

Despite  the European steel mills remaining bullish on third quarter prices, we are beginning to see signs that may indicate a weakening quite soon.
The price increases have never been demand driven, with the mills quoting cost increases and particularly iron ore as a driving factors.
A recent report from Platts reproduced at Yahoo finance indicates [...]

THE firm behind a planned resumption of production at a mothballed Newport steel plant has begun the process of recruiting staff.
Mir Steel UK Limited, which took over at the former Alphasteel plant in Corporation Road in 2008, announced earlier this month that up to 100 new jobs will be created at the site by [...]

The latest MEPS article is reporting that the mills are talking up third quarter prices
MEPS - EU AVERAGE STEEL PRICE UP €55 PER TONNE BUT CLOSE TO PEAK
The mills are talking up third quarter prices for strip mill products but firm negotiations are not yet underway. Their final proposals will depend on the level that [...]

BSS have for many years supplied spring steel to manufacturers in a range of industries. In 2008 we established a small order quantity business after recognising the demand for lower volume production. Most of our material has been supplied from coil, but following an increasing demand from companies with laser or water jet cutting facilities, [...]

Stainless steel transaction prices have climbed steeply over the past twelve months. Although improvement in demand since the darkest days of the recession has been a contributing factor, the major influence on the selling value of stainless steel has been the cost of raw materials - most notably, nickel. The [...]