MEPS GLOBAL STEEL PRICE RISES AGAIN IN JUNE

MEPS GLOBAL STEEL PRICE RISES AGAIN IN JUNE

The MEPS world all products composite steel price increased in June by 0.6 percent – the sixth consecutive monthly rise. However, amid a modest global demand outlook, MEPS predicts that steel prices are now very close to their peak for the current cycle. The North American average price advanced by 5.8 percent in June as trade petitions and supply shortages continued to put upward pressure on...

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UPTURN IN ALLOY SURCHARGES WILL NOT KICKSTART STAINLESS STEEL MARKET

UPTURN IN ALLOY SURCHARGES WILL NOT KICKSTART STAINLESS STEEL MARKET

he London Metal Exchange Nickel Cash price climbed by more than 17 percent between February 15 and March 11, this year, peaking at more than US$9000 per tonne, befo re softening and stabilising at around US$8600 per tonne. This will have an inflationary effect on transaction values for nickel-bearing stainless steel grades, in the near term. The majority of the sharp increase occurred during the...

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BRIC STEEL PRICES INCREASE IN MARCH

BRIC STEEL PRICES INCREASE IN MARCH

RIC steel prices may have reached their lowest point after rebounding slightly, in March. In this month’s issue of the Developing Markets’ Steel Review, MEPS reported that the BRIC average transaction price advanced across all the flat and long products surveyed. Chinese steel mill price offers soared, in March, as buyers rebuilt inventories following the Lunar New Year holidays. Domestic crude...

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EUROPEAN STAINLESS STEEL PRICES CONTINUE TO TUMBLE

EUROPEAN STAINLESS STEEL PRICES CONTINUE TO TUMBLE

EUROPEAN stainless steel prices fell, in February, because of weak demand, decreasing alloy surcharges and high import volumes from Asia. In February’s edition of the Stainless Steel Review, MEPS reports that domestic selling figures throughout the region have slipped across flat and long products. Basis values have remained, largely, unchanged, but the negative trend in alloy surcharges marked...

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NORDIC STEEL PRICES CONTINUE TO TUMBLE IN FEBRUARY

NORDIC STEEL PRICES CONTINUE TO TUMBLE IN FEBRUARY

NORDIC steel prices continue to fall, this month, because of weak demand and overcapacity in Europe. In February’s edition of the European Steel Review Supplement, MEPS reports that domestic selling figures throughout the region have slipped further across flat and long products after reducing for much of last year. European manufacturers proposed raising prices for first quarter business....

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GERDAU OURO BRANCO ISSUES FINAL ACCEPTANCE CERTIFICATE FOR STECKEL MILL SUPPLIED BY PRIMETALS TECHNOLOGIES

GERDAU OURO BRANCO ISSUES FINAL ACCEPTANCE CERTIFICATE FOR STECKEL MILL SUPPLIED BY PRIMETALS TECHNOLOGIES

Mill produces 800.000 metric tons of hot-rolled coil per yearPart of a major project for the production of flat carbon steel in Brazil. Primetals Technologies supplied complete mechanical, electric and automation equipment Brazilian steel producer Gerdau has issued the Final Acceptance Certificate (FAC) for a new Steckel mill supplied by Primetals Technologies for its Ouro Branco production site...

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