Belgian mills have conceded discounts for hot rolled coil, in July, according to MEPS. Buyers foresee additional discounts being offered in the short term. Cold rolled coil prices have decreased. Chinese and Russian material is arriving in the country through Italy. Coated coil selling figures have also
Read more →Fifty years ago the steel industry was dominated by behemoths like U.S. Steel and Bethlehem Steel, which all by themselves accounted for a substantial chunk of the industrial sector. Those days are long gone, and America’s top steel maker today is a smaller, more nimble company that
Read more →Mexican producers have raised their flat steel prices by Peso 500/mt, local distributors and executives from service centers said Friday. In late June, sources said they expected new price lists to be released in the first few days of July, but the latest prices were only valid
Read more →The depressed oil price has resulted in lower plate demand from the offshore sector, in Western Europe. However, the weak euro has helped mills in the region to increase sales in export markets. Scarce stainless steel scrap is pushing up input costs and squeezing the producers’ profit
Read more →PITTSBURGH, June 29, 2015 /PRNewswire/ — Today United States Steel Corporation (NYSE: X) President and CEO Mario Longhi commended President Barack Obama as he signed the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) legislation into law. Longhi’s statement follows: “I commend President Obama for strengthening
Read more →Author: Paul Ploumis 08 May 2015 Last updated at 08:36:03 GMT SEATTLE (Scrap Monster) : The steel business performance by Arcelor Mittal during the first quarter of the current year remained similar to Q1 2014. The quarterly operating report by the company states that the company had
Read more →Author: Paul Ploumis 08 May 2015 Last updated at 02:15:04 GMT SPOKANE (Scrap Monster) : MEPS – the leading steel sector consultancy company has predicted that the global crude stainless steel output is all set to hit new highs during the current year. According to MEPS, the
Read more →CHICAGO, IL–(Marketwired – April 09, 2015) – A. Finkl & Sons, Composite Forgings and Sorel Forge announced today that they are uniting to form Finkl Steel, a subsidiary of the Schmolz + Bickenbach Group. This change equips the new company with improved manufacturing efficiencies, increased product availability
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