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Steel GRIPS

Posts by Steel GRIPS

Rizhao Steel, China, improves its production control with MES-system

October 4, 2009

The implementation of a MES-system for the 2,150 mm hot strip mill of Rizhao Steel, China, has been completed.

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Oversupply likely to halt stainless steel price rises

October 1, 2009

European stockists and end-users of stainless steel have trimmed their inventories as far as possible since the onset of the current economic difficulties. Transaction values bottomed out around March of this year. In the period to mid August, the LME nickel price soared, driven by speculators rather than by fundamentals. As a result …

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Wolfgang Eder new Eurofer president

October 1, 2009

Dr. Wolfgang Eder, Chairman and CEO of the Managing Board of voestalpine AG, took over the presidency of Eurofer, the European Confederation of Iron and Steel Industries. He was elected unanimously by the Board and General Assembly of Eurofer succeeding Dr. Karl-Ulrich Köhler of ThyssenKrupp Steel AG.

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Micro EAF for tapping weights between 5 and 35 tons

September 29, 2009

With a new micro EAF the range of steel making solutions has been extended to include an electric arc furnace for low tapping weights between 5 and 35 tons. This system has been specifically developed for foundries and micro steel works.

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Steel prices in developing markets continue to increase in September

September 28, 2009

Turkish long product quotations stabilised in September. The upward movement in semi-finished steel and scrap values has been less pronounced. In contrast, export prices have fallen slightly owing to weak demand. Negotiated prices have …

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Global steel price jumps 5.1 percent from August

September 28, 2009

Various sets of data, released during August, suggest that the US economy is starting a slow recovery. Raw steel output continues to climb steadily with capacity utilisation rates up to 58 percent in mid September. As input costs soar, so transaction prices for strip mill products continue on an upward trend. Delivery lead times are …

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