Archive for February, 2011
Teeside steel plant to re-open
Thai company SSI has signed the deal over Tata Steel’s Teesside Cast Products (TCP), securing the future of the plant’s 700-strong workforce.
The sale comes a year after the Redcar plant was partially mothballed after a major contract fell through.
The transaction - which should also create hundreds of new jobs at the site - is [...]
Posted: February 25th, 2011 under Steel, Steel News.
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EU Average Hot Rolled Coil transaction price soar
The MEPS - EU Average Hot Rolled Coil transaction price soared by almost €100 per tonne in February. Buyers are anticipating further increases in domestic values of flat products in the second quarter as steelmakers make large upward adjustments, in line with higher raw material costs. The EU mills are currently busy because of the [...]
Posted: February 17th, 2011 under Steel, Steel Prices.
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Tata announce £95 price increase in UK
Tata have announced a £95 price increase on structural steels in the UK. The increase in prices will take effect on all deliveries from March 6th 2011.
The company are quoting the rising costs of raw materials as the main reason for the price hike.
Flat product prices have risen by an average of around £60.00 already [...]
Posted: February 2nd, 2011 under Steel, Steel News, Steel Prices, steel strip.
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