Rising Nickel Costs Squeeze Stainless Steel Producers’ Margins

Rising Nickel Costs Squeeze Stainless Steel Producers’ Margins

[ad_1] Rising nickel prices have lifted the input costs for most stainless steel producers, significantly, in recent months. In many parts of the world, however, suppliers have been unable to pass the total amount of this increase on to their customers. The steelmakers, therefore, are forced to absorb the rising price of raw materials, thus... (Read More...)

US Steel Prices Stall Following Recent Revival

US Steel Prices Stall Following Recent Revival

[ad_1] The recent revival in US flat steel product prices appears to have come to a halt, this month. The consensus view, from MEPS’ September research, is that US selling values have plateaued – with figures expected to be under negative pressure for the remainder of 2019. Ahead of the seasonally slower fourth quarter, ... (Read More...)

Raw Material Costs Add to Negative Trend in North European Steel Prices

[ad_1] Northern European suppliers of flat steel products report sluggish activity, since the end of the summer vacation period. Carmaking, in Western Europe, continues to be depressed, while other manufacturing sectors show little sign of picking up. Falling raw material costs add to the negative trend in northern European steel prices. Few third country offers... (Read More...)

Downturn in EU Manufacturing Sector Suppresses Steel Demand

Downturn in EU Manufacturing Sector Suppresses Steel Demand

[ad_1] Activity in the EU strip mill product market was muted during the summer holidays. Numerous supply chain participants remarked that conditions were quieter than usual for the time of year. In early/mid-September, the market remained subdued. Procurement by distributors is still weak, due to concerns about their own tight resale margins. Overall demand indicates... (Read More...)

Primetals receives FAC for automation upgrades at Gerdau Ouro Branco

Primetals receives FAC for automation upgrades at Gerdau Ouro Branco

[ad_1] In late March, Primetals Technologies received the Final Acceptance Certificates (FACs) for automation upgrades conducted on a third-party 6-strand billet caster and two blast furnaces of Gerdau Ouro Branco in Minas Gerais, Brazil. The caster project included the upgrade of outdated level 1 and level 2 systems, resulting in quality improvements, reduced maintenance requirements... (Read More...)

Indonesia to Lose European Commission Safeguard Exemption

Indonesia to Lose European Commission Safeguard Exemption

[ad_1] The European Commission recently completed its review of the safeguard measures, which were introduced to prevent the redirection of material previously destined for the United States. The Commission has recommended changes, to the list of products from developing nations, that are currently excluded from the quota system. It has made the proposed amendments based... (Read More...)

EC Announces Proposed Changes to Safeguard Measures

EC Announces Proposed Changes to Safeguard Measures

[ad_1] Import share, as a proportion of apparent finished steel consumption, in the EU, has been on an upward trend for several years. However, this largely remained below 20 percent, prior to 2018. The US government’s application of Section 232 tariffs, from March 2018, disrupted international trade flows. This caused concern amongst many steelmakers, in... (Read More...)

US Steel Prices Rebound in August

US Steel Prices Rebound in August

[ad_1] US flat product steelmakers are bucking the seasonal price trend, by pressing for a rise in local values, despite the summer lull in activity. Domestic suppliers, in an attempt to stave off the threat of further losses, introduced a series of list price hikes, during the July/August period. Local mills had little option but... (Read More...)

Holiday slowdown and continuing trade uncertainties curtail demand in Nordic markets

Holiday slowdown and continuing trade uncertainties curtail demand in Nordic markets

[ad_1] Business activity, in August, is generally subdued in the Nordic markets, as participants return from annual holidays. The US-China trade war continues to have a negative effect on sentiment. Reduced automotive production, principally in Germany, is starting to disturb other market sectors. Uncertainty surrounding Brexit is having a disruptive impact on trade flows. These... (Read More...)

New World Record High for Stainless Steel Output in 2019

New World Record High for Stainless Steel Output in 2019

[ad_1] Global crude stainless steel production is predicted to reach a new record annual total of 53.1 million tonnes, in 2019. This would exceed the previous high figure, set last year, by more than 4.6 percent.Despite strong expansion in emerging countries, such as India and Indonesia, Chinese growth continues to outstrip the world average. MEPS’... (Read More...)