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Archive for December 2016

voestalpine to invest EUR40 million on boosting ‘technologically challenging’ aerospace sector

Published December 06, 2016 by Matthew Moggridge Austrian steelmaker voestalpine plans to invest EUR 40 million on a high-speed forging line at Böhler Edelstahl GmbH, a group company based in Kapfenberg. The investment will ‘give additional thrust’ to group revenue in what is regarded as a technologically […]

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Creditor meeting held for Dongbei Special Steel bankruptcy

Xinhua | Updated: 2016-12-01 16:20 DALIAN – A bankruptcy creditor meeting for Dongbei Special Steel was held Thursday as the company’s restructuring process proceeds smoothly. The State-owned steelmaker, headquartered in Dalian in Northeast China’s Liaoning province, has defaulted on corporate debts nine consecutive times, with debts of […]

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Positive outlook for stainless steel prices

NOV 30, 2016 | WSN ADMIN | NO COMMENT | STAINLESS STEEL PRICES Stainless steel transaction values climbed significantly, in November. MEPS All Products Average figure for grade 304 increased by 3.5 percent, month-on-month. The rise was predominantly due to the mills passing on to their customers […]

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Steel Prices Rise in Developing Countries in Novemer – MEPS

Average transaction prices, measured in US dollars, increased in November for all eight finished steel product types published by MEPS. This occurred despite lacklustre demand in many of the countries researched. An upturn in the cost of raw materials was the main driver behind these advances. Brazilian […]

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