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Steel Strip

A steel industry blog.
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Engineering group Sandvik to cut over 1,000 jobs

Nov 21, 2008
Swedish engineering group Sandvik said Thursday it planned to cut 1,040 jobs and reduce production over weakened demand mainly in the automotive and engineering industries. The group has some...

Hot rolled steel strip, spot prices down

Sep 26, 2008
SteelBenchmarker reported that the US hot rolled band spot price for September 22nd 2008 dropped by 4.1% to USD 1,076 per tonne, FOB the mill for the fourth consecutive time.

Toyota considers price hikes as steel costs soar.

Aug 20, 2008
Toyota Motor Corp. said Wednesday that it was considering raising its prices in response to soaring steel costs, following a report that it will announce hikes in Japan for next month.

ArcelorMittal profits soars past forecasts- Is it time to give steel users a break?

Jul 30, 2008
ArcelorMittal, the world’s number one steelmaker, reported second-quarter results far above analysts’ expectations on Wednesday as it managed to pass on rising raw material costs despite the growing economic gloom.

THE MEPS - EU AVERAGE ALL PRODUCTS STEEL PRICE DIPS AGAIN IN NOVEMBER

Nov 18, 2009
The EU producers are currently facing low order intake as the flurry of activity in early September has tailed off now that distributors have restocked to appropriate levels. In many countries, prices have been lowered a little to encourage purchasing....

Tata Steel to raise production at Corus

Nov 5, 2009
Tata Steel on Wednesday said its European subsidiary Corus will be able to meet full capacity utilisation by the end of the current fiscal, riding on revival in global demand. Corus, which had cut production capacity of its mills by as much as 50 per...

UK manufacturing boosts hope that Britain will come out of recession - Times Online

Nov 5, 2009
Britain’s manufacturing sector expanded unexpectedly last month and at the fastest rate in two years as the weak pound made exports cheaper and imports more expensive, according to new data. Barely a month after Mervyn King, the Governor of the Bank...

Salzgitter CEO warns against premature optimism

Oct 28, 2009
Salzgitter Chief Executive Wolfgang Leese on Tuesday cautioned against premature optimism in the steel sector, warning that markets were fragile and that a recovery in demand is unlikely to be sustained. If things go well, demand will continue to be...

Nucor sees weak steel demand continuing in Q4

Oct 23, 2009
Following our previous posting of the Eurofer report on steel demand outlook, we spotted this story from the US. U.S. steelmaker Nucor Corp. (NUE.N) said on Thursday, demand from service centers improved somewhat along with output in the third...

Engineering group Sandvik to cut over 1,000 jobs



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