Expressing concern over the steep increase in the prices of iron and steel, especially in Punjab, due to the imposition of entry tax and hoarding by the cartel of steel trades of Mandi Gobindgarh, the Hand Tools Panel of Engineering Export Promotion Council (EEPC) yesterday said the price rise had led to a significant fall [...]
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Salzgitter AG said it will increase steel prices from April 1 in response to higher raw material and transport costs, following its European peers. Prices for flat-bar steel are due to rise by about 15 pct on average, those for heavy plate will be lifted by an unspecified percentage, and steel girder [...]
Nippon Steel plans to raise prices for steel sheet and plate by 10%-20%, reflecting the higher cost of iron ore, according to the Nikkei Weekly, a business newspaper in Tokyo. The steel price increase is targeted for April and is keyed to steel mill products used in automobiles and major appliances, ships and machinery. The [...]
The world’s largest steel company, Arcelor Mittal, has reported an annual profit of $10.36bn (£5.3bn) for 2007.
The results - in line with analysts’ expectations - are the first full-year figures since the merger of Arcelor and Mittal Steel in June 2006.
The firm had predicted robust global steel markets would boost its results.
Chief executive [...]
Germany’s steel trade union on Tuesday rejected an offer from employers of a 3.5 percent wage hike with a contract duration of at least 16 months for workers in the north-west of the country.
Workers have already staged temporary stoppages in the states of North Rhine-Westphalia, Lower Saxony and Bremen involving around 10,000 people.
IG Metall said [...]
MUMBAI (Reuters) - India Steel Works Ltd said on Monday its board has approved raising $27 million through a private placement of 36.55 million shares to a foreign investor. India Steel is a manufacturer of stainless steel bars.
Nippon Steel Corp the world’s second-biggest steelmaker, plans to raise prices for sheet steel and steel plate by 10 to 20 percent to pass on the high cost of raw materials, the Nikkei daily reported on Monday.
Nippon Steel plans to charge 20,000 yen ($190) more per tonne for thick plate used for ships and power [...]
Apparently, the Mohawk Nation News website has been hijacked. Will update, when more info. is availableMNN--------------------------------------------------------------------------------------------------Some random Pither's Point Park pics. A few nice sunset shots (against the pulp/paper spew). [Pics click to enlarge.]Just a reminder: Pics on my site are released under a Creative Commons Share-alike,Attribution,Non-commercial license (check out the sidebar). Short form: Please credit for use on your site and link back, don't sell without agreement.--------------------------------------------------------------------------------------------------New powwow grounds proposed for Rapid City, South Dakota."the proposed facility would include a circular performance area with a stage and lighting. That structure would hold about 500 people and could accommodate between 1,000 and 2,000 people with the addition of city-owned bleachers.East of the performance area would be an "outdoor living-his
Union IG Metall said today, that they will be staging more temporary stoppages throughout German Steelworks next week.
The strikes will begin on Monday in support of an 8% pay rise claim by the union.
Technorati Tags: IG Metall,Steeworks Strikes,Germany,Steel Strip
ArcelorMittal, the world’s largest steel maker, plans to begin building two steel plants at a combined cost of 18 billion dollars in two Indian states by year end, a report said Thursday.
"We would start construction of each of the two projects in Jharkhand and Orissa by the end of the year. We are in advanced [...]
MUMBAI (Reuters) - Tata Metaliks Ltd said on Thursday a unit of Tata Steel Ltd has bought 604,383 shares in the former. The shares of Tata Metaliks were bought through Kalimati Investments Ltd, making the foundry grade pig iron maker a subsidiary of Tata Steel, it said. Tata Metaliks shares closed up almost 4 percent at 180.95 rupees in the Mumbai market.
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ArcelorMittal and ThyssenKrupp were affected by short strikes by workers this morning. The stoppages were to back demands by the IG Metall Union for increased pay.
Heavy demand in emerging markets such as China has tightened steel supplies and pushed up prices for suppliers worldwide.
U.S. steel makers have the added benefit of favorable exchange rates, which have tamped down imports and stirred sales overseas.
"High shipping rates and the weak dollar are giving producers here a lot of leverage, particularly in the [...]
A series of German salary renewal negotiations has gotten off to a brisk start this year amid strikes in several sectors. On Feb. 6, steelworkers laid down tools following a call by the IG Metall trade union. Three hundred workers stopped work temporarily at a site belonging to sector leader ThyssenKrupp. Similar actions were expected [...]
If your company is looking for spring steel strip in small quantities we can help. We stock spring steels in a range of grades and gauges , and can offer in coil or flat strip.
We can supply the material annealed for bending, forming and subsequent heat treatment, or in the ready hardened condition. Normally material [...]
ArcelorMittal confirmed it bid around 60 mln usd to win the licence to build a new steel plant in Egypt, a deal announced yesterday by Egyptian officials.
The official MENA news agency in Egypt yesterday reported quoted Industrial Development Authority chairman Amr Assal as saying investment in the project will total 1 bln usd.
In its statement [...]
Meps are reporting that rising stainless steel prices are likely to fall back later this year. Oversupply in China is likely to lead to an increase in exports to the West and combined with low economic activities, lead to a decline in prices.
Full story
Technorati Tags: stainless Steel prices
AK Steel has advised its customers that a $375 per ton surcharge will be added to invoices for electrical steel products shipped in March 2008. March 2008 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company’s web site at www.aksteel.com.
AK Steel’s surcharges are based on [...]
INDIAN conglomerate Tata yesterday gave the biggest indication yet that the future of the Port Talbot steelworks is secure after making a £60m investment in the plant.
The investment by subsidiary company, Corus Strip Products UK, will be made in energy management technology at Port Talbot steelworks.
It will reduce carbon dioxide emissions at the site through [...]
After having kept steel prices stable for 9 months, flat carbon steel prices will increase by 12- 15 %, establishing a new base price level of 560 E/t for hot band. For Commercial Grade Plates a price increase of 50 E/t will apply. Further price increases might be necessary in the course of the 2nd [...]
By Virendra Verma MUMBAI (Reuters) - Seamless steel pipes maker Maharashtra Seamless Ltd (MSL) plans to invest 15-20 billion rupees to set up a steel plant in Maharashtra as part of its backward integration plan, a group official said on Monday. "Steel prices are going up and that is putting pressure on us. Since we are increasing pipes capacity in a significant manner we need to have our own raw material so that we do not have pressure on margins," Anil Jain, chief financial officer, DP Jindal group, of which the firm is a part, told Reuters. The company is increasing pipes capacity to 500,000 tonnes per annum from 350,000 tonnes through debottle-necking and addition of balancing equipment, he said. It will also relocate a seamless pipes plant from Romania at a cost of 3 billion rupees. The plant, acquired in December 2007, would be relocated at the same site as the new plant. Jain said there will be some pressure on profits till June. "Steel majors are still t
Can I use material EN8 for Sacrificial Anodes in Sea Water Condenser.I am suppose to use Ductile Iron. One of the Supplier has recommended EN8. Please tell me if EN8 material has simillar chemical properties as that of Ductile Iron.
Does anybody has any experience with laser melting of steel, cutting of steel with lasers is fairly common these days, however using laser to melt steel is unheard off??
Winter storms that have paralyzed much of southern and central China are hitting the wider economy, as steel mills and other factories cut production amid shortages of coal and other materials.
Specialty steelmaker Hunan Valin Steel Tube & Wire Co., a local partner of industry leader ArcelorMittal, said Friday that it has suspended some production because [...]
According to MEPS it is going to be a difficult year for steel users:-
They report:
Although US inventories are down at the distributors, they report that business is not robust. However, margins are holding. Supplyside tightness and ongoing escalating costs for raw materials, energy and freight are driving transaction prices up as producers announce a series [...]
The world of fashion is boundless. Fashion has its influence on all areas of our lives. It plays its unavoidable part in clothing, jewelry, shoes, ornaments and even in the way one eat or drink. The trends in fashion are rapidly changing. The styles and trends change with people and their traditions. While people in Asian countries prefer gold as the most fashionable material, people from western countries prefer to use silver and stainless steel ornaments. stainless steel jewelry is part of western culture now. Bracelets and rings made of steel are of high demand today. These steel ornaments are attractive and are usually cheap. The steel used for making jewelry are strong and durable. They can be easily moulded and made to complicated shapes. The ornaments made out of them are shiny and very attractive. Their cost can range from pennies to thousands of dollars. There are companies that sell stainless steel jewelry wholesale. This Wholesale stainless steel jewelry has lot of advantag
Nippon Steel, the world’s second biggest steelmaker, yesterday reported a 13 per cent drop in quarterly profit due to a rise in the cost of iron ore and other raw materials.
The weak result for the third quarter highlighted the growing cost pressure being felt especially by Japanese producers as a result of booming demand for [...]
We have recently started to receive an increasing number of enquiries for small quantities of hardened and tempered spring steel strip. many of these are coming from engineering companies equipped with laser cutting facilities.
The advantage of hardened and tempered steel strip over annealed material is the cost saving on heat treating components after blanking.
The bulk [...]
The International Iron and Steel Institute (IISI) has announced that world crude steel output reached 1,343.5 million metric tons (mmt) for the year 2007. This is an increase of 7.5% on 2006. The total represents the highest level of crude steel output in history and it is the fifth consecutive year that world crude steel [...]
Coal could continue to have a strong Welsh future after steelmakers Tata Corus yesterday confirmed its interest in reopening one of the nation’s “superpits”.
The steel giant’s move at Margam, near Port Talbot, could eventually secure 400 new jobs underground.
Ironically, the announcement came on the day before Wales’ last deep mine – Tower Colliery – closed. [...]
In Germany, service centres still have high inventories and mills are holding stocks which have yet to be called off by customers. This is adversely affecting the market as buyers hold back from placing new orders. Producers are highlighting escalating input costs as the driver for price rises in the second trimester but many players [...]
I have been reporting over the past few days about price increases in the Steel Industry. these are taking place throughout the world, driven largely by cost increases. The price of iron ore, oil and electricity are driving up manufacturing costs, and the days when the steel industry would absorb these are long gone.
In the [...]
The worlds fourth largest steelmaker based in South Korea said on Tuesday it will raise its hot-rolled steel prices by 11.5 percent, after other regional steel makers raised their prices.
The widely expected price increase would be the steel maker’s first for hot-rolled steel, POSCO’s key product, since July 2006.
Prices of hot-rolled steel will be [...]
Indian billionaire Lakshmi Mittal will get a dividend package of £460million this year from his stake in the world’s largest steel producer.
ArcelorMittal today announced its dividend payment schedule for 2008 as part of which it would make four quarterly payments of $0.375 per share in March, June, September and December.
The London-based tycoon, who [...]
We are now able to offer small quantities of spring steel delivered anywhere in the world via TNT.
Strip is available in the annealed or hardened and tempered condition. Email bss@steelstrip.co.uk for a quotation.
Technorati Tags: spring steel Strip. BSS Steelstrip,hardened and tempered.
BHP Billiton plans to invest $15bn (£7.7bn) on its iron ore mining operations in Western Australia’s Pilbara region to help satisfy record demand, led by China, from world steelmakers.
The Anglo Australian mining group, which is attempting to take over rival Rio Tinto, plans to invest the capital in mines and rail and port infrastructure, in [...]
Spot prices for steel strip are increasing in the UK, against a background of shortages.
Corus prices for stock coils increased today by an average of £40, and some gauges, particularly in CR are not available.
Technorati Tags: Steel strip prices,Corus
Kindly let me know the best stainless steel grade for making cookwares and cutleries. cheaper grades gets corroded after some time and also let me know the material grade for kitchen knives.
In the US AK Steel said today that it will increase spot market prices for its carbon steel products by $30 per ton for all new orders accepted for shipment on March 1, 2008 and later. AK Steel said that its March order book is now open for hot rolled products. The company also noted [...]
The Australian academic linguist Brian Steel has posted his Research on Sathya Sai Baba and the Sathya Sai Organisation. New Factors for Researchers to Consider, December 2007
Brian D. Steel’s Huge Project
Of the ‘New Factors’ section, he notes: “This extensive survey is also an integral section of the third Part of my annotated Bibliography on Sathya [...]
I came across this useful data supplied by the ISSB. It helps you identify the correct tariff codes for calculating duties on steel imports around the world
Technorati Tags: Steel Tariffs
A steel and iron industry lobby group has accused bureaucrats of a “vindictive” campaign to chase the sector out of Europe to meet European Union climate change goals.
In a mounting war of words, Eurofer claimed that Jos Delbeke, who runs the EU scheme to cap and trade carbon emissions, admitted that the booming sector would [...]
You would has seen mouse with plastic and the mouse has also passes several stages of development. This is a standard mouse which has been remade into a steel one, obviously this one is a plastic...
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Generally when we write stories about criminals here on Tasty Booze it’s because they do some kind of dumbass thing that gets them caught. I came across a story today about a robber who not only must have thought his crime through but must have had some of the biggest balls around to pull it [...]
Another article I missed through taking time off at Christmas, from Deutch Welle.
After years of record growth, Germany’s key steel sector is likely to face more uncertain times as the fall in the dollar and the global credit crunch raise business risks, the nation’s steel industry association said.
Speaking to the German news agency DPA, association [...]
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