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Steel GRIPS

Posts by Steel GRIPS

EU average stainless steel prices – Latest forecasts

November 4, 2009

Forecasts are little changed from last month. Transaction values for all products are expected to continue on their downward path in the short term. Distributors are unlikely to …

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Drive technology and automation systems Bhushan Power&Steel, India

November 4, 2009

Bhushan Power&Steel Co. ordered drives and automation system for expansion of the company’s compact hot rolling mill in Orrissa, India. The scope of supply also includes two reactive-power compensators for electric arc furnaces.

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Zenith Steel expands rod mill capacity, product range with two new rod outlets

November 4, 2009

Zenith Steel (Changzhou Zhongtian Iron & Steel) in Changzhou, Jiangsu Province, People’s Republic of China, has signed multiple contracts for two rod outlets for the company’s new rod mills that will be located in Changzhou.

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Global steel price forecast to fall next month

November 4, 2009

US transaction values for some products are a little higher than a month ago. However, the last round of proposals for higher prices do not appear to have been …

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Start-up of safety equipment at CMC Alabama

November 3, 2009

CMC Alabama, Birmingham, USA, commissioned the remote controlled ram for slag door cleaning in their 80-t EAF. This measure aims at reducing the risk of injuries of their workers.

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Steel prices under negative pressure in most developing nations

November 3, 2009

Negotiated prices remained unchanged in Turkey until mid-October. Local steel producers refused to revise their domestic quotations. Since then, finished products values have …

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