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Steel (General)
Technical report highlights main factors affecting steel industry energy consumption
Steel (General) : 06 February, 2015
The World Steel Association has published a technical report on energy use in the steel industry. The report is the result of a project supported by member companies and associations and the outcome contains current performance data from operating plants. The public report is now available for purchase.
Steel partnership being used on the frontline
Steel (General) : 17 January, 2014
A partnership forged between industry and Sheffield Hallam University is protecting front-line troops in Afghanistan and providing a future for steel production in the city.
Forecast: Global steel use to increase by 2.9% in 2013
Steel (General) : 14 April, 2013
The Worldsteel Economics Committee met 6-7 April 2013 in Dusseldorf, Germany and has released its Short Range Outlook (SRO) for 2013 and 2014. Worldsteel forecasts that global apparent steel use will increase by 2.9% to 1454 Mt in 2013, following growth of 1.2% in 2012. In 2014, it is forecast that world steel demand will grow further by 3.2% and will reach 1500 Mt.
Will new rules to make Chinese steel industry greener work?
Steel (General) : 15 March, 2013
Special emissions restrictions are to be put in place by the Chinese environment agency in April, this year. These will affect the steel and several other polluting industries.
MEPS: 2012 net growth in Chinese steel trade was worth $5 billion
Steel (General) : 13 February, 2013
Total Chinese exports of finished rolled steel products, in 2012, are expected to be 6.6 million tonnes above the outturn in the previous year at 39.25 million tonnes. Imports are predicted to have declined by 1.8 million tonnes to 12.5 million tonnes. The positive balance of trade would, therefore rise from 18.3 in 2011 to 27.5 million tonnes last year. This represents an increase of 46% (worth approximately $US5 billion).
Market analysis: UK steel industry is near-monopoly led by Tata Steel Europe
Steel (General) : 13 February, 2013
Demand within the UK steel industry, both locally produced and imported, totalled 10 million tonnes per year in 2011, compared with 14 million tonnes six years ago. This is a major; almost 30% fall in real consumption, whereas value sales remained virtually unchanged.
Weldable wear-resistant steel with high titanium content challenges chrome carbide overlay plate
Steel (General) : 08 February, 2013
Abraservice UK has extended its range of Creusabro materials with the introduction of Creusabro Dual, a new, advanced, high performance grade of abrasion resistant steel additionally alloyed with a high titanium content of 0.6%. This grade is suited for parts in applications with severe sliding wear conditions where chrome carbide overlay plate has been used for many years, such as chutes in the quarrying industry and chutes and screens used within glass, wood, tyre and metal recycling processes.
Slow recovery forecast for North American steel output
Steel (General) : 18 January, 2013
The economy of the United States and Canada recovered slightly in 2012. This translated into stronger demand for steel, despite volatile pricing over the year. The main growth market was the automotive sector. In contrast, consumption slipped in Mexico. Because there are a number of economic difficulties to overcome, MEPS predicts only modest improvement in apparent steel consumption across the region in the years ahead and does not expect steel usage in 2016 to attain the pre-crisis level recorded in 2007.
Landmark Twitter debate marks launch of book celebrating the history of steel
Steel (General) : 18 January, 2013
Coinciding with the launch of The White Book of Steel, a WorldSteel publication that celebrates the history of steel and the steel industry. a Twitter debate "Steel: The Next Hero – Looking to the Future" was scheduled at 14:00 GMT for an hour on 18 January. See #steeldebate for more details.
Chinese export offers keep international steel prices in check
Steel (General) : 11 January, 2013
Competitively priced Chinese export offers have played a part in controlling price increases in many parts of the world according to MEPS International Ltd, the UK based company of steel analysts. Quotations by suppliers of Chinese material have been used in negotiations between western buyers and sellers to keep price increases to a minimum.
Northern European steel prices show no sign of upturn
Steel (General) : 26 November, 2012
Steel market activity in northern Europe is still very weak and there is no sign of an upturn in demand in the near term. Ex-mill selling values dropped again in November. Stockists and end-users remain reluctant to carry any more inventory than is absolutely necessary. However, prices are believed to be close to the bottom of the current cycle. Indeed, several mills have proposed increased basis figures.
China rules the roost in iron and steelmaking
Steel (General) : 05 November, 2012
It is clear that to understand the activities of the global steel industry one must study, in depth, the complexities of the Chinese steel market. This year, the Chinese steel mills will contribute 46 percent of the world’s output. This figure could be higher if account is taken of under-reporting of production.
Another record high for global steel output predicted, while EU steelmaking declines further
Steel (General) : 31 October, 2012
Despite the economic slowdown, MEPS expects world steel production to reach 1550 million tonnes this year - a 1.9% increase on the 2011 outturn. Further gains are anticipated next year. Steelmaking in the European Union is [redicted to decline by 4.5% in 2012. Regional producers continue to restrict supply in response to weak demand caused by the fragile economic situation.
2012 Steel Statistical Yearbook now available online
Steel (General) : 31 October, 2012
The World Steel Association (Worldsteel) has published the 2012 Steel Statistical Yearbook, now available on the website.
Advancing Life Cycle Assessment (LCA) in Latin American steel operations
Steel (General) : 29 October, 2012
Over 90 representatives from across Latin America came together to look at how Life Cycle Assessment (LCA) could be rolled out through the steel industry in the region. LCA provides a method of assessing the environmental impacts of a product or material across the whole supply chain, from raw material extraction to end of life recycling or disposal.
Weak demand depresses Northern European steel prices
Steel (General) : 25 October, 2012
Steel market activity in northern Europe remains very weak and ex-mill selling values slipped significantly for October. Buyers are cautious, anticipating the possibility of further price reductions and reluctant to carry any more inventory than is absolutely necessary.
Global steel usage increase forecast to slow
Steel (General) : 16 October, 2012
The World Steel Association has released its October 2012 Short Range Outlook (SRO) for 2012 and 2013, the half year revision from its April 2012 statement. worldsteel forecasts that global apparent steel use will increase by 2.1% in 2012, which is considerably lower than the 6.2% growth achieved in 2011. In 2013 world steel demand will grow by 3.2% and reach a record high of 1455 million tonnes.
Difficult steel market conditions in China reverberate worldwide
Steel (General) : 06 October, 2012
The importance of China to the global steel sector and its suppliers has been reinforced in the past few months. Never has there been a time when the old adages "Ignore China at your peril’ and "When China sneezes the whole world catches a cold’ seemed as pertinent as in the last few weeks....
Conflicting trends for China's steel output
Steel (General) : 28 September, 2012
China’s crude steel production for August 2012 was 58.7 million tonnes, down by -1.7% compared to August 2011, according to the World Steel Association. However, over the first half of 2012, China increased the stainless steel production in the period of review by 1.1% (after corrections made by ISSF) to 7.1 million tonnes.
New Volkswagen Golf lightens up with high- and ultra high-strength steel
Steel (General) : 07 September, 2012
Advanced steel grades help Volkswagen’s best-selling vehicle drop up to 220 pounds while offering improved safety and performance.
Lower raw material prices expected to delay steel price upturn
Steel (General) : 04 September, 2012
No significant increases in steel selling values for flat products are likely during the remainder of 2012, according to MEPS. Iron ore spot prices have started to decline as demand for the principal steel making raw material falters.
US flat steel price increases leads to short delivery times
Steel (General) : 13 August, 2012
In the US, hot-rolled coil delivery lead times are short. There has been something of a stand-off since the domestic mills announced a $US40 per short ton increase, with buyers waiting and watching to see how disciplined the producers will be. However, the initiative by the steelmakers does, at least, appear to have halted the recent negative movements.
Steel (General) : 02 May, 2011
US strip mill product transaction values are relatively stable with just some minor upward movement. This follows several months of escalation, much of which was driven by the mills
March 2011 crude steel production for the 64 countries reporting to worldsteel
Steel (General) : 23 April, 2011
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 129 million metric tons (mmt) in March 2011 and 372 mmt for the first quarter 2011. This is 7.0% higher than March 2010 and 8.8% higher than the first quarter 2010.
Steel (General) : 22 April, 2011
Prices for strip mill products in northern Europe have begun to soften in recent weeks. There had been some speculative buying as selling figures climbed earlier this year but now stock levels are high and customers are more cautious.
Worldsteel appoints new Director General to take over from August 2011
Steel (General) : 21 April, 2011
The worldsteel Board of Directors formally approved the appointment of Edwin Basson as Director General of the World Steel Association, effective from August 2011.
EU price hikes have run out of steam
Steel (General) : 20 April, 2011
Steel price rises have stalled in the European market. Increased selling values sought by the domestic producers have not been implemented and figures have, in fact, slipped.
Steel use in 2012 in the developed world forecast to be 14% below 2007 levels
Steel (General) : 18 April, 2011
The World Steel Association (worldsteel) today released its April 2011 short range outlook (SRO) for 2011 and 2012. worldsteel forecasts that apparent steel use will increase by 5.9% to 1,359 mmt in 2011, following 13.2% growth in 2010. In 2012, it is forecast that world steel demand will grow further by 6.0% to reach a new record of 1,441 mmt.
Scrap and billet market roundup: CIS exporters of billet faced tougher trading conditions in traditional overseas markets in March
Steel (General) : 11 April, 2011
Suppliers operating in the Caspian Sea and Far East ports issued lower quotations, following negative price sentiment and a shortage of active buyers.
MMK announces its consolidat​ed financial statement under IFRS for 12M and Q4 2010
Steel (General) : 10 April, 2011
Insignificant costs increase (mainly due to wages growth and raw materials prices increase) was offset by increased consumption of raw materials from captive sources. The company has been efficient in controlling its costs, setting off input costs increase by growing self-sufficiency in iron ore, coal and electricity, as well as by decreasing consumption ratios.
China Steel Insight - new report with two free copies offer
Steel (General) : 08 April, 2011
MMK completes first phase of equipping Mill 200
Steel (General) : 07 April, 2011
Magnitogorsk Iron & Steel Works (MMK) has assembled the first phase of technological equipment at its mill 2000. The continuous pickling line has been linked to the
Global flat steel products see 3.3% price rise, but China and Turkey buck the trend
Steel (General) : 06 April, 2011
Flat product steel prices around the world rose this month. The increases were attributed to the high cost of raw materials. However, real demand has not improved and many customers have been unwilling to accept the large mill list price hikes. Out of the 28 countries MEPS (International) Ltd. conducts price investigations for, only China and Turkey recorded negative selling figures in March.
March's nickel price collapse unsettles stainless steel market
Steel (General) : 06 April, 2011
The LME nickel price plummeted from nearly US$29,000 per tonne on 5 March to just above US$25,000 per tonne on March 15. This will create negative pressure on stainless steel transaction values in the near term. In Europe, the alloy surcharge for type 304 flat products in April is down by between
Emerging nations: led by Brazil, rising input costs exert upward pressure on steel prices
Steel (General) : 03 April, 2011
According to MEPS' Developing Markets Steel Review, in Brazil, effective prices of finished steel products were raised at the beginning of March. This was achieved through a reduction in the concessions granted in late 2010. Concerns remain that aggressive pricing positions will only reinvigorate import activity. Inventories are forecast to fall to the normal level of two and a half months during April.
Indian steel prices see 2% rise in March, despite uncertain market conditions
Steel (General) : 30 March, 2011
While the average gain of flat product prices in India, this month, was 2%, procurement activity was weaker than expected, according to MEPS' new Indian Steel Price series, which are used as an independent reference price for steel purchasing. Price and index tables offer the latest domestic ex-mill prices, updated on a monthly basis.
MMK Group completes sale of Belon energy business
Steel (General) : 28 March, 2011
Open Joint Stock Company Belon, part of Magnitogorsk ,Iron & Steel Works Group (MMK), has completed the sale of its energy business including 100 percent shares of Listvyazhnaya Coal Mine and 100 percent shares of Listvyazhnaya Preparation Plant to SDS-Coal Holding Company. The deal is reported to total US$ 280 million.
EU steel prices stall as customers sit on the sidelines
Steel (General) : 25 March, 2011
There is something of an impasse in the west European flat products market as customers prefer to sit on the sidelines rather than place business at the inflated prices being demanded by the domestic producers. Consequently, order intake at the mills is slow. Many companies have stocks that are adequate for now.
Future Chinese demand for iron ore could have been under-estimated by over 100 mt
Steel (General) : 23 March, 2011
Under-reporting in the Chinese steel industry means that market analysts could have under-estimated China
February 2011 crude steel production for the 64 countries reporting to Worldsteel shows year-on-year growth of 8.8%
Steel (General) : 21 March, 2011
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 117 million metric tons (mmt) in February 2011. This is 8.8% higher than February 2010.
OJSC Magnitogorsk Iron and Steel Works (MMK) signs share purchase agreement with MMK-Atakas
Steel (General) : 11 March, 2011
OJSC Magnitogorsk Iron and Steel Works (MMK) announces signing of share purchase agreement o acquire 50 percent minus one share of MMK-Atakas from the Atakas Family.
Magnitogorsk Iron & Steel Works (MMK) spent over 2.2 billion rubles on environmental safety improvement in 2010
Steel (General) : 07 March, 2011
MMK posted the 2010 results of its Environmental Program implementation today. In pursuit of a better ecology by reducing and preventing harmful impact on the environment the company implemented 35 special projects for the total of over 2.2 billion rubles (over $73 mln). Most of the projects were aimed at developing increasingly safe water and gas purification systems and waste disposal facilities. MMK said it would work on ten additional projects of the kind in 2011.
Indian steel prices rose sharply in February 2011
Steel (General) : 06 March, 2011
India, steel product quotations increased dramatically in February. The price rises have been attributed to successive hikes in raw material costs.
MEPS global steel price index jumps ten percent in February 2011
Steel (General) : 06 March, 2011
Good overall demand helped mills in all regions to implement price hikes in February as they attempted to recover their escalating input costs. Weakening of the US dollar against many Asian and EU currencies added to the upward trend in the calculated MEPS average transaction values.
New monthly scrap & semi-finished steel report from MEPS
Steel (General) : 28 February, 2011
Ferrous scrap transaction values fell in the European Union and India in February. Effective selling figures in the US domestic market also declined. The downward movement was the result of smaller buying volumes by local mills. Most purchased a substantial quantity of material in January.
Steel prices continue to shadow raw materials costs in the BRIC countries
Steel (General) : 28 February, 2011
The average increase of BRIC nation steel prices, published by MEPS (International), was 4.2 percent in February. The main driver for this was the large hikes witnessed in Russia.
North American Market eases as production costs escalate
Steel (General) : 01 September, 2010
The latest trends from MEPS in hot rolled coil, hot rolled plate, cold rolled coil, coated coils, medium sections and bars, reinforcing bars and merchant bars.
Revised steel output figures reflect global collapse in steel demand
Steel (General) : 21 January, 2009
According to MEPS - World Steel Outlook, the quarter on quarter reduction in steel demand in the final three months of 2008 is an unprecedented figure in the history of the industry.
Stainless steel output in 2008 estimated to be a million tonnes down
Steel (General) : 24 December, 2008
What originally seemed to be a modest decline in output for the full year is now likely to be approaching one million tonnes - over 3 percent, according to a recent report from Stainless Steel Review.
Corus' new distribution centre at Scunthorpe significantly enhances product quality in just six months
Steel (General) : 20 April, 2006
Reduces damage delivery by 85% Distribution centre will help meet continued growth to emerging markets in China and eastern Europe Increased delivery quality helps reduce manufacturing downtime for customers
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