Steel producers in southern Europe are expected to attempt price increases, in the short term. Strip mill product basis values, in Italy and Spain, have fallen by between €60 and…
Nordic market opinion divided over revised steel safeguarding measures
Amended safeguarding measures for the EU steel industry will be applied from July 1, 2020. These include new, country-specific quotas for hot rolled coil imports, and quarterly management of quota tonnages…
Optimism slowly returning to the EU steel market?
The mood in the EU steel market, in June, is one of cautious optimism. Demand is beginning to improve, albeit modestly, following the easing of lockdowns and coronavirus restrictions across the…
How to distinguish the quality defects of billets?
An article by LMM Group “The quality of continuous casting slab determines the quality of final product, so in a broad sense, the quality of continuous casting slab refers to…
MMK and SMS Group Managed to Implement Targeted Commissioning Despite Extremely Difficult Conditions
In 2018, Magnitogorsk Iron & Steel Works (MMK), Russia, has awarded an order to SMS group covering the extensive modernization of the finishing mill mechanical equipment and the fundamental revamp…
Stainless Steel Order Volumes Remain Low, amid Ongoing Pandemic
In the United States, buyers of stainless steel are purchasing minimal quantities, at present. Companies are reluctant to commit to new forward orders because of the uncertain economic environment caused…
Global Stainless Steel Market Faces Protracted Recovery from Covid-19
Stainless steel purchasing activity remained at a fairly high level during the first quarter of 2020, as customers continued work on ongoing projects, or took delivery of material from existing…
Polish Steel Demand Mixed as Prices Decline
MEPS recorded a decrease in the price of steel products across the board in Poland, this month. Nonetheless, discounts from the mills did little to prompt an uptick in buying…
Brazilian Flat Product Prices Stabilise, while Mexican Values Fall
In Brazil, prices of coil and plate are relatively steady, amid reduced purchasing from distributors and depressed end-user consumption. A number of observers express concern regarding the government’s handling of…
US Steelmakers Announce Second Round of Price Hikes, But Will They Stick?
US steel producers increased their list prices, in the past few days. This follows an initial announcement, in late April/early May, when domestic mills attempted to draw a line in…