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European buyers of strip mill products were purchasing cautiously, in July, due to the uncertainty linked to trade disputes, political upheaval in several countries and proposed mergers within the industry itself. They were also waiting for clarification regarding the European Commission’s safeguarding investigation. The probe is aimed at preventing steel shipments being redirected to the EU market, as a result of the United States’ imposition of import tariffs under Section 232.
time2018/08/13
PublisherJessica
The implementation of Section 232 by the US authorities has created chaos in steel markets, worldwide. Since the investigation was launched, in April 2017, steel prices have rocketed. MEPS’ reported selling value for the main benchmark product, hot rolled coil, has increased by 40 percent, in North America.
time2018/08/17
PublisherJessica
About Mexico,Brazil, Russia,India,Ukraine,Turkey,United Arab Emirates, South Africa,
time2018/08/22
PublisherJessica
German consumption of strip mill products is healthy. Availability of commodity grade material is good. The steelmakers are trying to implement a rise of €20/30 per tonne in the general market, for October deliveries. Currently, service centres are well booked for third trimester business, but resale margins remain under negative pressure.
time2018/08/24
PublisherJessica
The EU’s recently announced temporary quotas and tariffs on steel imports, arising from the Commission’s safeguarding investigation, might have been expected to push prices of stainless steel upward, in the European market. However, some buyers have chosen to expand their placement of import orders, in the short term, to maximise their own intake of low priced material, before quotas are exhausted.
time2018/08/30
PublisherJessica
Cooling system increases production capacity by approximately 150,000 metric tons of hot strip per year
time2018/08/31
PublisherJessica
SMS group has successfully commissioned the second modernization phase of the fumes treatment system of the electric arc furnace, and final acceptance (FAC) has already been granted.
time2018/09/06
PublisherJessica
The consensus view of global steel market participants is that they are uncertain about the future direction of domestic pricing.
time2018/09/07
PublisherJessica
Aperam Stainless Belgium has contracted SMS group to supply an annealing and pickling line for stainless steel cold strip to its Genk plant in Belgium. Production start is scheduled for 2020.
time2018/09/12
PublisherJessica
The global stainless steel market is, currently, unclear. Growing trade concerns and volatile raw material costs are causing market participants to become increasingly apprehensive in their purchasing decisions. Prices in the US soared, following the introduction of Section 232 tariffs, while transaction values in the EU and Asia struggled to move up in line with rising input expenditure. Buyers are now trying to assess the impact on stainless steel prices around the world
time2018/09/17
PublisherJessica
Prometal Aciérie, Cameroon, Africa, has awarded SMS group the order to supply a new hot rolling mill for rebars, sections and wire rod. The new rolling mill will be designed for the production of straight rebars, angles, channels, flats, squares, beams and wire rod coils, enabling Prometal to expand its product portfolio, covering as much as possible of the product mix for long steel products. With this investment,
time2018/09/20
PublisherJessica
Brazilian distributors are extremely reluctant to purchase material in, what they deem as, precarious business conditions. End-user groups are acquiring material only for their short-term needs. Price support from export demand is negligible.
time2018/09/25
PublisherJesscia
South-Korean Daehan Steel Co. Ltd. has placed an order with SMS group for a bar mill modernization. This new order further strengthens the longstanding cooperation between SMS group and Daehan Steel.
time2018/09/27
PublisherJessica
The consensus view of global steel market participants is that they are uncertain about the future direction of domestic pricing.
time2018/10/09
PublisherJessica
Completing the general renovation of Blast Furnace A has brought the voestalpine Steel Division a further step towards increasing energy and resource efficiency at its steel production site in Linz.
time2018/10/10
PublisherJessica
EU steel coil prices moved upwards, during late July, as customers booked tonnage to replenish stocks for supply after the summer vacation. The increases, in Northern Europe, were quite modest, whereas they were more pronounced in Italy and Spain.
time2018/10/15
PublisherJessica
In a move to improve the quality and range of wire rod produced in the United Kingdom, British Steel selected Primetals Technologies to design, manufacture and install a new wire rod line and upgrade long rolling equipment in the company’s existing rod mill in Scunthorpe, UK. The expanded size range will enable British Steel to serve new markets. Mechatronic packages and smart sensor systems mark the first step towards Industry 4.0. for this rolling mill.
time2018/10/18
PublisherJessica
EU steel coil prices moved upwards, during late July, as customers booked tonnage to replenish stocks for supply after the summer vacation. The increases, in Northern Europe, were quite modest, whereas they were more pronounced in Italy and Spain.
time2018/10/22
PublisherJessica
Modernization of the existing electric arc furnace
New twin ladle furnace and new material handling system
Capacity scheduled to rise by 160,000 metric tons per annum
Overall plant to be optimized by a high degree of automation and the use of LiquiRob systems
Robot systems will further improve occupational safety
time2018/10/24
PublisherJessica
The downward momentum of US hot rolled coil prices continued, for the second successive month, in September. Amid a seasonal slowdown in activity, domestic mills are being forced to lower prices, in an attempt to secure bookings, for the fourth trimester. Many US buyers report that they are delaying purchases, in anticipation of further price reductions, owing to reduced raw material costs and greater spot availability, in particular from scrap-based producers.
time2018/10/29
PublisherJessica
The threat and subsequent imposition of a 25 percent tariff on imports of steel into the United States has benefited just a small proportion of the country’s population.
time2018/10/31
PublisherJessica
Business sentiment is deteriorating, in Turkey. Domestic steelmakers pushed for price increases, this month, to offset the depreciation of the local currency against the US dollar. However, steel-consuming engineering and manufacturing firms are reluctant to increase production capacity in the absence of sustainable end-user demand. Sales to the construction sector is subdued.
time2018/11/05
PublisherJessica
MEPS predicts that EU stainless steel prices will continue to decline, in the short term. Flat product transaction values fell, in September, mainly due to decreases in alloy surcharges.
time2018/11/09
PublisherJesscia
Chinese steel producer Wuhan Shunle Stainless Steel Co. Ltd. (Wuhan Shunle) has placed an order with Primetals Technologies to supply two EAF Quantum electric arc furnaces and two ladle furnaces for its production site in Hubei Province. The EAF Quantum furnaces are designed to handle scrap steel of varied composition and quality.
time2018/11/12
PublisherJessica
International technology Group ANDRITZ has received an order from Nucor Steel Arkansas Division, USA, to supply a hot-dip galvanizing line for its facility in Hickman, Arkansas, USA.
time2018/11/19
PublisherChris
time2018/11/23
PublisherChris
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