Steel Strip

Steel prices are set to soar by 60 per cent this year according to industry experts.
The expected price rise in 2011, to an average of just under £610 a ton, has been caused by demand in the Middle East and the Australian floods which have shut down coal mines needed in steel production.
If the predictions [...]

Meps Forcast
The MEPS – World Average Carbon Steel Price is forecast to exceed $US 1000 per tonne in the third quarter, according to preliminary analysis by the company. This figure compares with an annual average in 2010 of $US 733 per tonne and an ‘all-time’ high in 2008 of $US 1160.
The sharp rise in steel [...]

ASD Metal Services, a division of German metal group Klöckner & Co, is to double the size of its facility in Leeds.
The steel and aluminium stockholder and distributor has taken a 15 year lease on 215,000 sq ft, creating a combined facility of 400,000 sq ft.
Kaha Avaliani, chief executive of ASD, said “The acquisition of [...]

Willenhall-based steel firm Niagara Lasalle has been taken over by investor Endless in a £27 million deal.
The investor, which specalises in turnarounds, purchased the 300-strong West Midland firm from its US parent company Niagara Corporation.
Niagara Lasalle, which provides hot rolled and bright steel bars in engineering steel grades, had a turnover of more than £60 [...]

Tata Group has become the latest major company to tap into the growing UK offshore wind energy market with plans to invest £1.3m in a processing and distribution centre at their Scunthorpe steel works with a manufacturing hub capable of handling 200,000 tons of steel plate per year, supplying fabricators for the construction of the [...]

The recent floods in Australia are having a major impact on coal mining. As Australia is one one the top five coal exporters in the world this is certain to have an impact on the availability of “coking coal” used in the manufacture of steel.
Whilst the most immediate effect will be felt in the South [...]