ArcelorMittal continues steel price rally, hikes coil offers ...Sat, 10 Apr 2021 00:00:00 GMT
Major steelmaker ArcelorMittal has increased its coils offers by Eur20/mt, raising hot-rolled coil offers to Eur920/mt and cold-rolled and hot-dipped galvanized offers to Eur1,070/mt across Europe, sources told S&P Global Platts April 7. The increase follows a series of price hikes over recent weeks and bullish sentiment across the European market. Platts daily assessment for HRC EXW Ruhr has increased Eur215/mt since the beginning of the year to an all-time high of Eur880/mt on April
German coil contract negotiations start earlyFri, 09 Apr 2021 00:00:00 GMT
Negotiations for coil contracts in Germany for the second half of 2021 have started earlier than in previous years,Kallanishhears from several market sources, although not everyone is aware yet. Normally, talks do not start until late May/June, and some buyers at stockholders before Easter were still laid back about the topic, saying it was
ArcelorMittal Europe, Infosys announce collaboration for digital ...Thu, 08 Apr 2021 00:00:00 GMT
Infosys will establish a BPM service in ArcelorMittal Europe's Business Centre of Excellence shared services centre.
HYBRIT: SSAB, LKAB and Vattenfall building unique pilot project ...Wed, 07 Apr 2021 00:00:00 GMT
SSAB, LKAB and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRITs pilot facility for direct reduction in Lule, North of Sweden. This is an important step in the development of a fossil-free value chain for fossil-free steel. The investment cost of just over SEK 250 million is divided equally across the holding companies and the Swedish Energy Agency, which provides support via
Q2 iron ore pellet offer prices rise as margin lag hinders acceptanceFri, 02 Apr 2021 00:00:00 GMT
Record spot steel prices and margins in Europe and the Americas are supporting higher iron ore pellet premium offers for second-quarter volumes, even though buyers are concerned that a lag with contracted steel sales may push realized margins down. The rapid ascent of HRC spot steel prices to Eur850/mt ($999/mt) ex-works in Europe in the week of March 28 may heighten comparisons between contract steel pricing with index-linking forward steel sales. Raw materials are largely based on spot
Xijun Cao named British Steel CEOThu, 01 Apr 2021 00:00:00 GMT
British Steel President Xijun Cao will assume the additional role of CEO in early April, replacing Ron Deelen who stepped down at the end of March, although he will continue to work closely with the business. Im honored to be leading the next stage of British Steels transformation and look forward to helping my
Swiss Steel selects Metalshub as procurement platformThu, 01 Apr 2021 00:00:00 GMT
Swiss Steel has selected cloud-based platform Metalshub for its raw material procurement activities,Kallanishhears from the maker of special bar qualities. Metalshub will be used for purchasing a significant proportion of raw materials and will be integrated with the existing ERP system of Swiss Steels four European business units, Ascometal, Deutsche Edelstahlwerke, Ugitech and Steeltec.
ArcelorMittal to invest over Eur1 billion to speed up CO2 reductionWed, 31 Mar 2021 00:00:00 GMT
Steelmaker ArcelorMittal has announced a long-term project to propel its sites at Bremen and Eisenhttenstadt in Germany towards sustainability, involving capital expenditure of between Eur1 billion and Eur 1.5 billion. With our concept for the transformation of the plants in Bremen and Eisenhttenstadt, we are accelerating the implementation of carbon-neutral steel production, ArcelorMittal Flachstahl
ArcelorMittal specifies costs of DRI conversion in GermanyWed, 31 Mar 2021 00:00:00 GMT
The conversion of ArcelorMittals German integrated mills in Bremen and Eisenhttenstadt to make direct reduced iron will result in steel production costs that are around 60% higher than they are today. The company is therefore pleading for the necessary political support and access to funding, to make the implementation of our plans happen,Kallanishreads in
Edge beveler gives plate cutting company mirror-smooth weld seams ...Mon, 29 Mar 2021 07:45:00 GMT
SituationRiam Dordrecht BV is a steel supplier and provider of cutting work. It started as a source of custom cutting for shipyards in the Rijnmond area of the Netherlands and has expanded its scope over the years. Today it handles small and large orders for about 1,500 customers in industries
HYBRIT: SSAB, LKAB and Vattenfall to begin industrialization ...Wed, 24 Mar 2021 00:00:00 GMT
SSAB, LKAB and Vattenfall are now taking a new, decisive leap forward in their work to make fossil-free steel for the global market. Industrialization of the technology being developed through HYBRIT will start in Gllivare, northern Sweden, where the worlds first production plant for fossil-free sponge iron from feedstock to steel is being
German crude steel output drops 10% on year in February: WV StahlTue, 23 Mar 2021 00:00:00 GMT
Weather disruptions took their toll on Germanys crude steel production in February as output dropped 10% year on year, according to data published by German steel federation WV Stahl March 22. The drop to 3.1 million mt in February put an end to the continuous production increase following ramp-up efforts by German mills once steel demand came back in mid-2020. WV Stahl said the recovery of German steel production remains volatile. The drop in crude steel production could be seen in blast
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