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Steel

Mills seek €800/t for rebar in southern Europe

Prices for long products in Western Europe have risen to fresh highs in recent weeks, propelled by scrap prices as high as €500/t and other rising input costs.

Outokumpu to build stainless bar mill in UK

US mill shipments slipped to 9.15m tons in March

Pricing pressure on Russian coking coal producers

Chinese pipe in US sights after dumping duty for Turkey

Carpenter of US hikes Q3 stainless base price

Mechel targets sections and plate in Chelyabinsk upgrade

Ferrexpo seeks investors for iron ore deposits

Brazilian steel use to almost double by 2015 – IBS

Caracas signs letter of intent for new steel mill

WCI hikes surcharge

China’s crude steel production rises by 10.2%

FMG’s first iron ore shipment on way to China

Baosteel produces first oriented silicon steel

Xining Special Steel increases mining investment

Tonghua Steel to build 1.5mt/y plant

Spot buying drives East Asian flats up by $150/t in a month

Flat rolled product prices in East Asia are soaring as buyers purchase on the spot market and maintain low inventories to guard against the risk of any sudden price collapse in finished products.

Baosteel allies with Hyundai

Taiyuan to build super-ferritic STS line

Jiuquan starts to install equipment for CR mill

UML’s annual profit rises by 28%

Danieli’s Thai workshop to further expand

Chen becomes Sutor’s CEO

Nucor seeks permit for 3m ton/y Mississippi pig iron works

The largest steelmaker in the US, Nucor, said on Thursday that it has applied for a permit to build a pig iron works in Louisiana on the Mississippi river about 200kms from the Gulf of Mexico.

Rising costs wipe out Q1 profit growth at Salzgitter

NLMK secures coking coal from Duferco JV

Kloeckner optimistic after strong Q1

Q1 sales hold up for US bar mill

Government reviews two bids for Kremikovtzi – reports

Stemcor secures $700m credit facility

Essar lifts Q1 sales at Canada’s Algoma

Chengdu Steel partially resumes operations after 'quake

Gerdau to buy Spain's Rectificadora del Valles

Protestors damage Carajas railroad

Vale obtains $3bn in loans

V&M’s Azevedo to head IBS

Benxi Steel raises June’s prices

Russia mulls measures against Chinese pipes

Cisa calls on Rio Tinto to implement contracts

India’s export levy freezes billet mill project

Plans for at least one export-oriented billet mill in India have been put on hold in reaction to New Delhi’s decision to impose a 15% tariff on steel exports in a bid to reduce the country’s rising inflation rate.

Rio Tinto seeks Chinese partners for African iron ore

Seamless pipe mill set up in northeast China

Thainox plans to expand annealing line

Yamato Kogyo reports record profit

Steel consumption to grow 18.9% in Taiwan

Nakayama Steel posts Yen 182m net loss

Jinan Steel plans plate mill

Tsingshan to build STS mill

Hanoi licenses three billet plants to meet strong demand

The Vietnamese government has licensed construction of three billet plants with a combined production capacity of 1.75mt/y in response to strong domestic demand and limited imports, an industry audience was told.

India’s secondary steel mills to cut prices by almost $100/t

ArcelorMittal names new CEOs to management committee

Strong wire market lifts Bekaert’s Q1 sales by 15%

Nucor moves east into Balkans after clinching Italian deal

US mini-mill operator Nucor has signed a deal to buy 50% of Duferco’s Italian longs business and reached an initial agreement to purchase a stake in Greece’s Sidenor.

Sales high but costs overtaking prices, says ThyssenKrupp

BE acquires Czech distributor

Mittal optimistic after group's strong start to 2008

ArcelorMittal raises Q3 base price of HRC to €720/t

Chavez pushes ahead with Sidor renationalisation

Gerdau to invest $835m in plate and beam lines

Handan upgrades pellet plant

Japanese scrap and Chinese coke hit record prices

East Asia's steel mills face more cost pressures, with exported scrap from Japan and coke from China reaching record high prices.

SMS plans service centre in southeast Asia

US scrap group to send trade mission to southeast Asia

Sichuan Chuanjian Pipe stops production after earthquake

Daido to hike prices, and warns more may come

Thai mills explore new export markets

Tiantie starts to build plate rolling mill

Baosteel commissions longs finishing line

Ferritics to lose price advantage over austenitic, says NSSC

Krakatau obtains credit to finance mill upgrade

Tata urges downstream development in southeast Asia

Nucor clinches $658m deal for 50% of Duferdofin

Nucor is paying $658m for 50% of Italian longs and distribution group Duferdofin, the first steelmaking operation outside North America for US mini-mill operator Nucor.

Noble backs new CEO to expand Brazilian miner Mhag

Panzhihua subsidiaries halt production after earthquake

ArcelorMittal SA completes relines at Saldanha

Costs depress Gerdau’s earnings

Russian domestic prices continue to surge in May – analysts

Jindal to build stainless mill with Indonesian nickel miner

Russian scrap prices hit new high

Brazilian export prices remain high for slab and flats

Strike closes caster at Rautaruukki’s Raahe works

SMI to hike seamless pipe prices by further 10%

Japan steel industry’s capex to fall 24% this year

South Korea expects 5.8% rise in crude steel output

NSSC urges China to curb stainless supply

Japan's Nippon Steel & Sumikin Stainless Steel (NSSC) said that Chinese stainless steel producers run the risk of sparking major trade disputes with other East Asian steelmakers unless they curb their exports.

NSSC warns of more hikes as it raises May’s prices

Two Chinese steelmakers suspend trading after ’quake

Xinyu Steel ignites coke oven

Malaysian billet exports boom on Chinese restrictions

Malaysian mills have stepped up production to boost exports in response to robust demand, in part due to Chinese export restrictions on billet, the annual South East Asian Iron and Steel Institute conference was told.

Indonesian output catching up with demand, says Krakatau

Liuzhou commissions BF and coke oven

Xilin Steel to commission BF by December

Sinosteel inks JV agreement with Changchun EAF

Taiyuan mulls 5.35mt/y special steel mill

Heye Special Steel to finance capacity expansion

Zenith Steel acquires Changzhou Longxiang

Shougang commissions 1.5my/y CR mill in Beijing

Thamesteel poised to restart mill after unplanned stoppage

Sweden’s LKAB opens sixth pellet plant

Esmark challenges “frivolous” Sparrows Point lawsuit

Mergers, integration will ease margin squeeze, says CRU

Tata Steel Thailand to step up finished product output

Rising prices may damage industry, warns Thai minister

India’s Ramsarup plans billet mill in Rs 15bn expansion

Investment boom in SE Asia’s steel industry, SEAISI

Tata Metaliks plans pig iron plant in India

India imposes steel export tax of up to 15%

China’s steel net export drops 40.7% in April

Indonesian parliament nudges towards Krakatau IPO route

Indonesian parliamentarians prefer the initial public offer route to raise funds for modernisation of state-owned Krakatau Steel, rather than taking on a foreign investor as a partner.

Tangshan appoints new general manager

Posco to add STS processing line at Pohang Works

NMDC plans 1mt/y pellet plant

Baldota Group to build 1mt/y steel mill

Malaysia ends price ceiling on steel products

Malaysia has ended ceiling prices on steel products, particularly billet and bars, and eased restrictions on imports and exports.

Ann Joo allocates RM 400m capex

Kunming Steel reduces transportation costs

Wuhan eyes Canadian iron ore

Vale leases 50% of iron pellet plant from Posco

BlueScope remains confident of higher profits in fiscal H2

Maintenance outage impacts on CSC’s sales

EU scrap buyers balk at dramatic price hikes

European scrap buyers are facing another month of €80/t-plus hikes by domestic suppliers as international prices shoot ever higher.

Turkish mills say rebar could hit $1500/t within weeks

Turkish producers say rebar prices could hit the $1500/t fob mark within two months due to robust demand from a host of international markets.

Erdemir weighs up bids from latest export tender

Sims optimistic on scrap outlook after record results

Interpipe increases Q1 pipe output

SDI buys Recycle South in fresh US scrap merger

Anshan to help Panzhihua with group listing

Malaysia to liberalise steel market

Indonesian officials meet potential bidders for Krakatau

ArcelorMittal sues Esmark/E2 for more than $540m

'Mayhem' rules East Asian longs market

Participants in East Asia’s long products market report a wide gap of $100/t in offer and bid prices for billet, forcing buyers to the sidelines, despite their inventories depleting.

Two Chinese steelmakers export to new markets

Electrode supply procured Shougang

FMG discusses new sales, ahead of first shipment to China

Higher raw material costs drag Delong’s Q1 profit down 73.4%

Galvalume line to be commissioned in east China

Shougang to take stake in Australian explorer

BlueScope expands coating capacity in Indonesia

Baosteel JV targets 162% increase in can production

China’s iron ore price drops, but coke rises

China’s average iron ore price dropped last month, but coke has surged forward in recent days, causing more headaches for steelmakers.

Jinxi Steel sets up H-section JV

Nanchang Changli Steel made loss in Q1