Hot rolled coil in West Europe moves up, but buyers start to show caution

Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have…

The post Hot rolled coil in West Europe moves up, but buyers start to show caution appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have...

The post Hot rolled coil in West Europe moves up, but buyers start to show caution appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Maintenance, high demand boost NLMK Group’s Q1 production and sales

Russian steelmaking group Novolipetsk Steel (NLMK) reported a 4.1% year-over-year rise in its Q1 crude steel production. The jump came partly due to completion of maintenance on its long products facility at the Lipetsk site. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. NLMK output rises…

The post Maintenance, high demand boost NLMK Group’s Q1 production and sales appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Russian steelmaking group Novolipetsk Steel (NLMK) reported a 4.1% year-over-year rise in its Q1 crude steel production. The jump came partly due to completion of maintenance on its long products facility at the Lipetsk site. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. NLMK output rises...

The post Maintenance, high demand boost NLMK Group’s Q1 production and sales appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Tata Steel Europe to introduce surcharge on HRC, CRC sales contracts

Tata Steel Europe (TSE) plans to enact a carbon surcharge on all new flat–rolled product contracts from July 1, a spokesman for the group said. The planned surcharge scheme stipulates for now a €12 ($14.30) per metric ton of hot and cold rolled coil from TSE’s plants at Port Talbot (Tata Steel UK) and IJmuiden…

The post Tata Steel Europe to introduce surcharge on HRC, CRC sales contracts appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Tata Steel Europe (TSE) plans to enact a carbon surcharge on all new flat–rolled product contracts from July 1, a spokesman for the group said. The planned surcharge scheme stipulates for now a €12 ($14.30) per metric ton of hot and cold rolled coil from TSE’s plants at Port Talbot (Tata Steel UK) and IJmuiden...

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McKinsey report: European steel faces major challenges in the years ahead

The European steel industry faces three major challenges, following the impacts of the COVID-19 global and the 2008-09 financial crisis, management consultancy McKinsey & Company stated. “European steel producers should consider making a series of short-term operational and medium- to long- term strategic moves to ensure economic and environmental sustainability going forward,” McKinsey said in…

The post McKinsey report: European steel faces major challenges in the years ahead appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The European steel industry faces three major challenges, following the impacts of the COVID-19 global and the 2008-09 financial crisis, management consultancy McKinsey & Company stated. “European steel producers should consider making a series of short-term operational and medium- to long- term strategic moves to ensure economic and environmental sustainability going forward,” McKinsey said in...

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Tight supply continues to push hot rolled coil prices upward in Western Europe

Continued tight supply for hot rolled coil in Western Europe has further pushed up prices for the flat product over the past 10 days. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Hot rolled coil heats up Some producers’ offer prices from late last week are now at least…

The post Tight supply continues to push hot rolled coil prices upward in Western Europe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Continued tight supply for hot rolled coil in Western Europe has further pushed up prices for the flat product over the past 10 days. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Hot rolled coil heats up Some producers’ offer prices from late last week are now at least...

The post Tight supply continues to push hot rolled coil prices upward in Western Europe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Hot rolled coil prices continue to surge in Western Europe

A lack of local availability, plus anti-dumping measures on some third-country imports into the European Union, have further pushed up hot rolled coil prices in Western Europe. Grab your coffee and hear MetalMiner’s latest forecast for aluminum, copper, stainless and carbon steel on Wednesday, March 24, at 10 a.m. CDT:  https://zoom.us/webinar/register/WN_6J8wAyYySfihVk3ZUH9yMA. Hot rolled coil price…

The post Hot rolled coil prices continue to surge in Western Europe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

A lack of local availability, plus anti-dumping measures on some third-country imports into the European Union, have further pushed up hot rolled coil prices in Western Europe. Grab your coffee and hear MetalMiner’s latest forecast for aluminum, copper, stainless and carbon steel on Wednesday, March 24, at 10 a.m. CDT:  https://zoom.us/webinar/register/WN_6J8wAyYySfihVk3ZUH9yMA. Hot rolled coil price...

The post Hot rolled coil prices continue to surge in Western Europe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

What are ArcelorMittal’s prospects in the US after its Cleveland-Cliffs deal?

ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said….

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ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said....

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ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover

ThyssenKrupp has ended discussions with London-based Liberty Steel over the potential sale of the German conglomerate’s steel unit. The parent company made the announcement Wednesday evening, Feb. 17. “We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart,” ThyssenKrupp Chief…

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ThyssenKrupp has ended discussions with London-based Liberty Steel over the potential sale of the German conglomerate’s steel unit. The parent company made the announcement Wednesday evening, Feb. 17. “We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart,” ThyssenKrupp Chief...

The post ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

ArcelorMittal steel output drops by one-fifth in 2020

Impacts from the COVID pandemic and asset sales saw ArcelorMittal report a 20.4% decline in its crude steel production in 2020. “The countries worst affected by COVID were the ones that saw drops in their production,” one industry watcher added about lower production at the group’s assets in Europe, Brazil and the United States. ArcelorMittal…

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Impacts from the COVID pandemic and asset sales saw ArcelorMittal report a 20.4% decline in its crude steel production in 2020. “The countries worst affected by COVID were the ones that saw drops in their production,” one industry watcher added about lower production at the group’s assets in Europe, Brazil and the United States. ArcelorMittal...

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Evraz: COVID behind lower operational results at North American assets

Crude steel production at Evraz’s North American assets dropped 15.1% year over year in 2020. The drop was due mainly to the COVID-19 pandemic’s impact on the global economy, the Russian group noted. Evraz output in North America drops Production for the 12 months totaled 1.58 million metric tons from slightly over 1.86 million tons…

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Crude steel production at Evraz’s North American assets dropped 15.1% year over year in 2020. The drop was due mainly to the COVID-19 pandemic’s impact on the global economy, the Russian group noted. Evraz output in North America drops Production for the 12 months totaled 1.58 million metric tons from slightly over 1.86 million tons...

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