New China tariffs may soon change the country’s steel market tactics. China continues to sit on a stockpile of steel, and it has no idea what to do with most of it. The exception, however, seems to be dumping it into foreign markets for cheap under the guise of “exportation.” China remains unable to use […]
Search Results for: steel
Tata Steel Workers to Strike Against Port Talbot Blast Furnace Closures
Tata Steel workers associated with the Unite Trade Union at Port Talbot recently voted to strike over plans to replace the site’s two blast furnaces with electric arc furnaces. The decision immediately led to discussions about the near and long-term future of the UK steel industry as well as Tata’s production capabilities. “Around 1,500 Tata […]
European Steel Page (Pillar Page)
European Steel What is European Steel? Steel manufactured inside the European Union and its member states is referred to as European steel. With an annual turnover of around €130 billion and direct employment of about 306,000 highly-skilled individuals in Europe, the EU steel sector produces 152 million metric tons of steel on average. The steel […]
Raw Steels MMI: Steel Prices Flatten, Is an Uptrend Next?
The Raw Steels Monthly Metals Index (MMI) moved sideways, with a modest 1.38% decline in steel prices from March to April. U.S. flat rolled steel prices continued to trade down throughout March. Meanwhile, HRC prices fell 8.35% to close the month at a new lower low. However, hot rolled coil prices traded up during the […]
Liberty Steel’s Ambitious Expansion Strategy Revealed: Hiking Capacity at Rotherham Plant
Liberty Steel recently announced a restructuring plan for its operations in the United Kingdom after signing a new framework agreement with creditors. Among other things, the ambitious plan includes hiking crude steel manufacturing capacity at its Rotherham plant. The London-based company noted that the plan would see Liberty consolidate all its operations in the UK […]
Electrical Steel (Pillar Page)
Electrical Steel What is Electrical Steel? A specific type of alloy used in the cores of electromagnetic equipment including transformers, generators, and motors. The designed magnetic characteristics of electrical steel minimize power loss and increase energy efficiency. Silicon is a key component in the manufacturing process. This lowers the total core loss by decreasing eddy […]
Hot Dipped Galvanized Steel (Pillar Page)
Hot Dipped Galvanized Steel What is Hot Dipped Galvanized Steel? Steel that has been coated with a coating of zinc to prevent rust and corrosion. Hot dip galvanizing is a technique that forms a coating of zinc-iron alloy on the surface of steel by submerging it in a bath of molten zinc and allowing a […]
Cold-Rolled Steel Coil (Pillar Page)
Cold Rolled Steel Coil What is Cold Rolled Coil? Cold rolled coil is a flat steel product made by the cold rolling method. This is passing a hot rolled coil that has been pickled and oiled between a set of room-temperature work rollers after it has been unrolled. The applied compressive force causes the metal […]
Price of Steel (Pillar Page)
Price of Steel What Determines the Price of Steel? The complex environment of the steel industry means many elements impact steel prices. Mill pricing power, production costs particularly scrap and iron ore and the dynamics of supply and demand influence the price of steel. Other factors which impact the overall price of steel price include things […]
European Steel Prices Decline as Economic Woes Mount
Market sources report that hot rolled coil steel prices in northern and southern Europe continued to decline in recent weeks due to slowing economies in Europe as well as overcapacity. “I’m a little scared about Germany,” one trader told MetalMiner, referring to that country’s current economic situation. Germany’s economy is the largest in the European […]
