Russia: metal output up in January-September 2016Wed, 07 Dec 2016 00:00:00 GMT
In January-September Russia produced 86637 tons of stainless steel, up by 3.3% YoY. Flat hot-rolled metal output went up by 6.7%, that of bars by 47.5%, and of electric-welded pipes by 19.1%, all YoY. At the same time cold-rolled flat metal output dropped by 13.5%, of round billets by 41.2%, of wire
Outokumpu solidly on track shows progress and levers to earnings ...Tue, 29 Nov 2016 10:30:00 GMT
At its Capital Markets Day today, November 29, 2016, Outokumpu will present its plans to reach its vision to be the best value creator in stainless steel by 2020 through customer orientation and efficiency and the levers to reach an underlying EBIT of EUR 500 million by 2020. Outokumpus fourth quarter 2016 outlook and long-term targets of EUR 500 million underlying EBIT, ROCE of 12% and gearing below 35% remai...
Russia: BMK starts producing stainless wireTue, 29 Nov 2016 00:00:00 GMT
Beloretsk Iron and Steel Works, a part of Mechel, has started producing stainless wire. The first batches weighing 10 tons have already been supplied to local and foreign consumers. The new wire is produced in cooperation with Izhstal works, which supplies AiSi 304 stainless steel. The wire is intended to replace foreign analogues on the
Price gains for nickel and for stainless scrapFri, 25 Nov 2016 00:00:00 GMT
Although stainless steel scrap prices have firmed since Recycling Internationals
Stainless steel industry participants more optimistic about business ...Thu, 17 Nov 2016 00:00:00 GMT
Thirty-eight per cent of the 89 Sassda members who participated in the Southern African Stainless Steel Development Associations (Sassdas) Short Track survey for October indicated a positive response to the current order situation. Although a slight deterioration on last months 40%, Sassda...
Russia: stainless rods exports up in January-September 2016Thu, 17 Nov 2016 00:00:00 GMT
In January-September Russia exported 2.3 thousand tons of stainless steel rods valued at $7 million, up 1.6 times and by 28.4% YoY respectively. Nickel content in steel doesnt exceed 2.5%. Some 48% of the products were exported to Ukraine, up 2 times, at $3422 per ton. Belarus imported 20% of the products, up by 0.7%
Outokumpu stainless steel makes Bailey of Sheffield jewellery ...Fri, 11 Nov 2016 08:00:00 GMT
Outokumpu provides Prodec and Supra grades in bar and wire rod for Bailey of Sheffield jewellery. Bailey of Sheffield wanted to create long-lasting, sustainable and appealing product using stainless steel that also originates from Sheffield, UK. Scott Bailey founded Bailey of Sheffield together with his wife in 2015, and the Cable bracelet was launched this year. With a background in the music industry, he was impre...
Russia: Izhstal repairs steel-smelting furnaceFri, 11 Nov 2016 00:00:00 GMT
Izhstal (a part of Mechel) has finished capital repairs of its electric arc furnace used to smelt complex-alloyed, stainless and high-speed steels. This furnace makes high-marginal products, so we pay special attention to its state. We have plans to increase its efficiency, and we will implement them in future, Izhstal executive director Sergey Kozennov said.
Outokumpu Solid progress continued, Group underlying EBIT clearly ...Thu, 03 Nov 2016 10:00:00 GMT
Highlights in the third quarter 2016 Outokumpus underlying EBIT was EUR 32 million, compared to EUR -5 million in the second quarter. The improved earnings were mainly the result of continued progress in the Americas and improved market sentiment in Europe. -- Stainless steel deliveries were 608,000 tonnes1 (629,000 tonnes)2. -- Underlying EBITDA3 was EUR 110 million (EUR 51 million). -- Underlying EBIT4 wa...
Stagnation for stainlessMon, 31 Oct 2016 00:00:00 GMT
A calm has settled over the stainless steel scrap market and conditions are expected to remain broadly the
An 'unhealthy' stainless recycling marketWed, 26 Oct 2016 00:00:00 GMT
In general, conditions within the stainless recycling industry are not healthy, with almost all the leading
Stainless steel worth more than R500 000 installed at heritage ...Fri, 21 Oct 2016 00:00:00 GMT
Since the completion of upgrades to the Opera House in Port Elizabeth a 2016 Southern Africa Stainless Steel Development Association Awards finalist in the architecture building and construction category it has become a significant tourist attraction, architecture company The Matrix Urban...
High-strength-steel automotive lightweighting solution launchedFri, 21 Oct 2016 00:00:00 GMT
High strength, low carbon flat-rolled steel and aluminum coated stainless steel producer AK Steel announced the launch of Nexmet, an innovative family of high-strength steels for use in automotive lightweighting applications. The announcement in August marked out the products as specifically...
Getting to grips with gradeFri, 21 Oct 2016 00:00:00 GMT
Stainless steel is defined as a steel alloy with a minimum of 11% chromium content and performs better than ordinary steel in high temperatures and cryogenic applications, according to national distributor of stainless steel 3CR12, aluminum and special steels company Euro Steel. Stainless steel...
Number of news reports: 14