While Turkey’s finished steel products enjoy local demand, lower costs and the country’s location between Europe and Asia have also made steel exports from there attractive, market watchers told MetalMiner. Turkey’s trade in steel exports came to 9.4 million mt in the first seven months of 2020. The total is down 12.1% year over year […]
Christopher Rivituso
Severstal eyes North American market for LDP exports
Russia’s Severstal plans to target the United States and Canada as an export market for its large-diameter pipe (LDP) products from the Izhora Pipe Mill (ITZ), an official with the steelmaking group told MetalMiner. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Severstal looks abroad Lower consumption and a […]
U.S. government to refund NLMK subsidiary in settlement over import tariffs
The U.S. has agreed to refund “a significant portion, plus accrued interest” on an import tariff for slab imports to Russian steelmaking group Novolipetsk Steel’s U.S. subsidiary, the parent group said. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. subsidiary […]
High demand for HRC, low availability prompt Western Europe mills to seek price hikes
HRC mills in Western Europe continue to seek higher prices for hot rolled coil on high local demand and low availability, traders told MetalMiner. End users are also trying to hedge their positions because November and December are the two months when they build up stocks before year’s end, traders said. Cut-to-length adders. Width and […]
European steel review, Part 2: Interest in Central European steel sector from the East
Interest in the Central European steel sector came not only from the West, but also from further East. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Interest in Central European steel assets Ukrainian group Industrial Union of Donbass (ISD) acquired Hungarian integrated flats producer Dunaferr in 2004. The group […]
European steel review, Part 1: Central, Eastern Europe offer mixed picture
(Editor’s Note: This is the first of a two-part review of the European steel sector.) While steelmakers east of Berlin are working to meet rising demand, others are facing myriad technical and regulatory challenges. Those challenges include a global pandemic that has severely impacted economies, industry watchers and market participants told MetalMiner. Sign up today […]
SSAB eyeing IJmuiden for potential acquisition from Tata
As we noted yesterday, flats and specialty steels producer SSAB is in talks with Tata Steel over potential acquisition of the Indian group’s IJmuiden integrated plant in the Netherlands, the Swedish group confirmed. “SSAB has participated in several different discussions concerning consolidations in the European steel industry. The discussions with Tata are on-going but no […]
Construction, automotive sectors keep West European flats in strong shape
Prices for hot-rolled coil in Western Europe have continued their upward trend in October and November. Mills report solid bookings well into 2021, market participants said. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Hot-rolled coil deals Offers and transactions over the previous week on […]
worldsteel: Global crude steel production through nine months down 3.2%
Global steel production for the first nine months of 2020 fell by 3.2% year over year to 1.35 billion tonnes, the World Steel Association (worldsteel) stated on October 23. Production over the same time in 2019 was slightly over 1.39 billion tonnes, the Brussels-based organization stated. Do you use cost breakdowns in your steel negotiations? […]
Western European steelmakers expect improved 2021 but remain cautious
West European steelmakers are likely to see improvements in production and demand for their rolled products in 2021, following the adverse economic effects due to COVID-19 in 2020, industry watchers predicted. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Better 2021 for […]
