Month: September 2020

Primetals Technologies receives FAC for two continuous galvanizing lines supplied to HBIS Tangsteel

Continuous galvanizing lines expand cold rolling mill also supplied by Primetals Technologies Production capacity of high-strength metal sheeting increases by 650,000 metric tons per annum Processed grades are produced for…

Cleveland-Cliffs Inc. to Acquire ArcelorMittal USA

Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of…

Tight supply & recovering auto demand drive up EU coil prices

Coil prices strengthened rapidly across Europe this month. The upward trend is expected to be maintained, in the near term. The producers’ price hikes are being driven by supply restrictions…

Rising scrap costs support European rebar prices

Modest, scrap-based price rises were implemented by rebar producers in Western European countries, this month. Consumption by the construction industry remains relatively healthy. Nevertheless, a lack of large-volume transactions is…

Stock shortages developing in the European steel market

European steel market participants implemented inventory reduction plans during the recent coronavirus pandemic. Many distributors were selling old stock to improve cash flow. Manufacturers were also reducing existing inventories during…

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