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...

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 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, 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 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 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...

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 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...

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...