Loading
Steel: Marcegaglia acquires Outokumpu’s long products division
Italian company Marcegaglia has agreed to acquire Outokumpu's long products division for 228 million euro. The transaction, which represents Marcegaglia's first foray into the steel sector, is expected to be completed by the end of the year. The transaction includes...
HRC steel: prices rise thanks to slow recovery in demand and production cuts
Domestic hot rolled steel prices rose across Europe on 12 July, thanks to a gradual recovery in inventories by buyers and production cuts by mills. HRC North Western Europe settled at EUR823/mt ex-works on 12 July, up 1.35% from EUR812/mt the previous day. Buyers in...
Stainless steel: Chinese production to decline further in July after June’s sharp drop
According to the SMM survey, domestic stainless steel production was 2.68 million tonnes in June, down 6.08% month-on-month and 3.55% year-on-year. Production of the 200 series increased by 6.32% year-on-year to 797,000 tonnes in June, that of the 300 series decreased...
Steel: UK Steel urges government to create political conditions for decarbonisation
The steelmakers' association UK Steel has called on the UK government to continue ongoing conversations to achieve electricity cost parity between domestic steelmakers and their EU counterparts, to introduce a carbon adjustment mechanism at the border, and to support...