Archive for the News Category

Average daily crude steel output of China’s key steel mills registered a second straight ten-day rise of 2.46% from ten days ago to 1.72 million tonnes in mid-August, according to the latest data from the China Iron and Steel Association (CISA). China produced 2.14 million tonnes of

Poor demand in the housing sector has started taking a toll on the already weak steel sector. The steel-rolling mills of Wada in Maharashtra are a telltale sign of that. Vipin Agarwal, a steel mill owner in Wada, a steel sourcing hub for the real estate companies

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

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

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

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