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Steel GRIPS

Posts by Steel GRIPS

Fate of western stainless steel sector heavily dependent on Asian demand

November 30, 2010

The traditional fourth quarter slowdown in stainless steel ordering activity is upon us. Western companies all along the supply chain will endeavour to minimise their inventories at the end of the calendar year – which, for many, will …

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Weakening steel prices in many developing countries

November 26, 2010

In the Russian Federation, difficult steel trading conditions are expected to take hold in December. End-users and distributors are unsure what pricing strategies will be adopted by the mills. Traditionally, finished steel selling figures are …

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Steel prices slip further in northern Europe

November 22, 2010

Transaction values for flat products in the north of Europe continue to slide. Delivery lead times are short and stock levels are quite low. Many stockists and customers, though, will …

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October 2010 crude steel production

November 19, 2010

2010 – World crude steel production was 118 million metric tons in October. This is 2.4% higher than October 2009.

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Extension of the pallet transport system at Bhushan Steel, India

November 19, 2010

Bhushan Steel Ltd., India, has issued an order to for the extension of the pallet transport system for hot-rolled coils at the Angul location in the federal state of Orissa.

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ArcelorMittal Monlevade S.A. , Brazil, orders two-strand high-capacity wire rod mill

November 19, 2010

ArcelorMittal Monlevade S.A., Brazil, has placed an order for the supply of a single-strand high performance wire rod mill with the option of expansion to two strands.

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