Steel markets in China showed little reaction to the central bank's third interest rate cut in six months Sunday, May 10, with some citing the small magnitude of change as a reason. Spot offers for 18-25 mm diameter HRB400 rebar, a key ...
Tags: Steel Market, Iron Steel
Global steel giant ArcelorMittal has announced that its European unit is providing 310,000 mt of hot rolled coils (HRC) from its production site in Bremen, Germany, more than one third of all the hot rolled coils needed for the Trans ...
Tags: oil, gas industry, Metallurgy
AK Steel provided guidance for its fourth quarter 2014 financial results, indicating that, despite incurring approximately $31 million in costs associated with a planned Ashland Works blast furnace outage, the company expects to report ...
Tags: AK Steel, Furnace Outage
AK Steel provided guidance for its fourth quarter 2014 financial results, indicating that, despite incurring approximately $31 million in costs associated with a planned Ashland Works blast furnace outage, the company expects to report ...
Tags: expenses pertaining, shipment, Metallurgy
During his presentation at the SteelOrbis 2014 Fall Conference & 71st IREPAS Meeting being held in Berlin on September 28-30, Bernd Neuenkirchen from international steel trading company C&F International commented on both current and ...
Tags: US Producers, Turkish Rebar, Energy
According to data released by the China Iron and Steel Association (CISA) on September 15, as of the end of August (August 31) the composite steel price index (CSPI) for the Chinese domestic market was at 90.63 points, down 1.25 points or ...
Tags: Composite Steel, Iron, Steel
Indonesia-based steelmaker PT Krakatau Steel (Persero) Tbk (PT KS) has announced that it has signed an agreement with its subsidiary PT Krakatau Engineering and German plantmaker SMS Siemag for the construction of a 1.5 million mt hot strip ...
Tags: agreement, hot strip, Metallurgy, Mineral
According to a report released by the South East Asia Iron and Steel Institute (SEAISI), in 2013 China overtook Japan as the biggest source of steel imports of ASEAN (Association of South East Nations) countries, with a market share of ...
Tags: China, steel, Metallurgy, Mineral
US steel sheet prices stayed flat on Tuesday as mills remained reluctant to offer lower prices, but sources noted that downward pricing pressure is continuing to develop. Platts maintained its hot-rolled coil assessment at $675-685/st, ...
Tags: Steel Sheet, hot-rolled coil
The US sheet steel market might be in for another stretch of relative stability, as new upcoming outages balance import pressure and drab demand, market sources said Thursday. One industry consultant said manufacturing -- and thus steel ...
Tags: Steel Sheet, steel consumption
Brazil-based iron and steel maker Gerdau said Tuesday its proposed logistics and mining investments will enable the company to more than double iron ore production within the next six years, to 24 million mt/yr, from the current 11.5 ...
Tags: Iron Ore, steel maker
The US hot-rolled coil steel sheet market Wednesday saw prices trend move down for the second time this week as buyers and at least one producer reported lower offers and transaction prices. One Midwestern service center source said HRC ...
Tags: Steel Sheet, Hot-Rolled Steel
Strong domestic mill pricing appears to be filtering, slowly but surely, through the supply chain, market sources said Tuesday. Service centers have no choice but to increase their pricing for end-users, though realized prices are still ...
Tags: Steel Sheet, Downstream Markets
The US steel coil market remained tight Monday as lead times are now stretching into June and July and mill discipline continues to be iron-clad, market sources said. "They're a little flexible on volume, but it really depends on who ...
Tags: Steel Sheet, steel coil
Global steelmaker Tata Steel has announced that its Netherlands-based subsidiary Service Center Maastricht will commission a large heavy gauge decoiler by the end of the current year which will serve the growing markets in Europe for high ...
Tags: Tata Steel, Heavy Gauge Decoiler