Italian hot rolled coil domestic basis prices increased in mid/late September before stabilising in the early part of October, as procurement activity softened. Supply is tight, due to reduced production…
Covid-19 resurgence causing concern for EU steel buyers
The resurgence in Covid cases across Europe is a growing concern for steel buyers. Market participants are either delaying their purchases or increasing them, depending on their outlook and sentiment….
Auto demand continues to drive Polish steel market
Reports of medium to strong steel demand persisted throughout October in Poland, with exceptionally buoyant activity for hot dipped galvanised coil. Automotive and to a lesser extent construction are the…
OEMK completes overhaul of Rolling Mill 700
OEMK (part of Metalloinvest) completes a scheduled overhaul of the Rolling Mill 700, which produces long steel products and tubular and square billets with a capacity of 2.4 million tonnes….
Hasçelik Banks on SMS group’s experience and orders one of the most powerful combined drawing lines for bright bar
Hasçelik San. Ve Tic. A.Ş, based in Gebze, Kocaeli, and operator of the highest production capacities for bright steel bars in Turkey, has placed an order with SMS group for…