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Steel GRIPS

Posts by Steel GRIPS

Iron ore price rises of near 20 % predicted next year

December 14, 2009

Any settlements reached for the 2010 iron ore contracts are likely to be at a figure approaching 20 percent above the level agreed by many Asian and European steel mills in 2009. There are several factors which lead us to this conclusion …

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EU needs to examine BHP, Rio iron ore JV closely

December 8, 2009

The World Steel Association (worldsteel) calls for competition authorities to thoroughly examine the impact of the proposed joint venture (JV) between Rio Tinto and BHP Billiton.

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North American carbon steel prices – latest forecasts

December 8, 2009

The North American Average Flat Products transaction value decreased by over $US30 per tonne in November, reversing the previous upward price trend. Cold rolled and coated selling figures ..

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2 million tonne drop in stainless steel output in 2009

December 1, 2009

Global crude stainless steel production in 2009 is expected to decline to 23.9 million tonnes. This equates to a 9.2 percent reduction on the outturn in the previous twelve months.

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Global carbon steel price drops 3% in November

November 25, 2009

Raw steel output continues to climb steadily in the US. Mill utilisation rates were up to almost 65 percent in the first week of November. However, the recent relighting of blast furnaces has not coincided with a similar upturn in consumption. Oversupply could become …

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Emirates Steel boosts green profile

November 25, 2009

Two new direct reduction plants will allow Emirates Steel, Abu Dhabi, UAE, to commercialize the CO2, which is considered a by-product of the DR plant.

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