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British Steel proposes closure of Scunthorpe furnaces to reduce costs and emissions
British integrated steelmaker British Steel said on 22 February that it would close its furnaces to reduce costs and carbon dioxide emissions, in a move that could result in 260 job cuts. In addition, further 'rationalisation' and cost-cutting measures could be taken....
HRC steel: European market remains positive due to good order book
The European market remains positive due to the good order book of steel mills, which has kept HRC hot-rolled coil prices high in Europe. Steel mills in the region have offered HRC with April-May delivery at EUR 800-820 per tonne EXW, but some have already sold out of...
Ferrous scrap: European sources predict a price increase
According to European (French, Italian, German and Eastern European) sources, European scrap prices are expected to rise significantly in March, probably in the range of EUR 20-30/tonne above February levels, against the backdrop of strong Turkish post-earthquake...
Crude steel: world production falls 3.3 % in January
According to the World Steel Association, global crude steel production in January this year fell 3.3% year-on-year to 145.3 million tonnes. In January, crude steel production in Asia was 107.5 million tonnes, down 0.2 per cent, with 79.5 million tonnes produced by...