Vallourec forecasts continued growth this yearTue, 20 Sep 2022 00:00:00 GMT
French pipemaker Vallourec continues to foresee positive market dynamics thanks to higher drilling and OCTG prices, driven by global demand recovery and the inflationary environment, the company says in an investors presentation obtained by Kallanish. Thanks to continued improvement in its tube division, particularly in North America, which is forecast to offset lower performance
Chinas winter output cuts may give limited boost to steel marketsMon, 19 Sep 2022 00:00:00 GMT
China is expected to enforce winter steel output cuts in the countrys northern region as a way to reduce smog. However, these cuts to be implemented in the fourth quarter are unlikely to reduce Chinas crude steel output on a large scale, raising oversupply concerns that could weigh on steel prices in coming months, sources said. Although final details of the winter steel output cuts for 2022 remain unclear, some market sources expected them to be similar to those in 2021. Steelmakers in
German pipemaker Europipe wins contract to supply sub-sea line ...Mon, 19 Sep 2022 00:00:00 GMT
German steel pipe maker Europipe has been awarded a contract by Canadian firm TC Energy (TCE) to supply material for the Southeast Gateway Pipeline in the Gulf of Mexico, it announced on Friday September 16.TCE is building the offshore gas pipeline in partnership with Mexican state-owned power utility company Comisin Federal de Electricidad (CFE).
Depressed demand plagues rebar market in Italy, SpainThu, 15 Sep 2022 00:00:00 GMT
Trading activity in the Southern European rebar market remained sluggish in the week to Wednesday September 14 due to weak demand, competitive import prices and a continued wait-and-see attitude among buyers, market sources told Fastmarkets.Producers have been raising prices since July to manage surging energy prices. The market has accepted these prices up till
Iron ore, steel futures rise as Zhengzhou to start stalled housing ...Fri, 09 Sep 2022 00:00:00 GMT
Dalian and Singapore iron ore futures rose on Thursday, supported after the Chinese city of Zhengzhou said it would start building stalled housing projects, offering some relief to markets worried about weak steel demand in China. Steel futures in Shanghai also advanced, despite concerns about intensifying COVID-19 restrictions in the worlds biggest steel producer and iron ore consumer. The most-traded January iron ore on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trading 3.1%
Nucor to add air separation unit at South Carolina millTue, 30 Aug 2022 00:00:00 GMT
Nucor Corp.will invest$200 millionover a five-year period in mill modernization projects at its Nucor Steel Berkeley division,Huger, South
Cleveland-Cliffs and Steelworkers reach tentative labor agreementTue, 30 Aug 2022 00:00:00 GMT
Cleveland-Cliffs Inc. has reached a tentative agreement with the United Steelworkers on a new four-year labor contract that will be effective on September 1,
European HRC producers mull rises as costs biteMon, 29 Aug 2022 00:00:00 GMT
European hot-rolled coil prices were broadly stable on Friday August 26 amid subdued activity, but producers have started raising offers on surging costs, Fastmarkets heard.Fastmarkets calculated its daily steel HRC index, domestic, ex-works Northern Europe at 720.00 ($718.65) per tonne on Friday, unchanged from the previous day. The latest calculation of the index was
Algoma Steel Reports Coke Conveyor FireWed, 10 Aug 2022 00:00:00 GMT
A fire broke out Aug. 7 on one of Algoma Steel Group Inc.s coal conveyors, which supplies coal to two of its three coke
Iron ore futures retreat as China demand woes back in focusWed, 10 Aug 2022 00:00:00 GMT
Dalian and Singapore iron ore futures fell on Tuesday as traders weighed fresh COVID-19 flare-ups in China and weak steel demand, particularly from the countrys ailing property sector. The most-traded iron ore, for delivery in January next year, on Chinas Dalian Commodity Exchange DCIOcv1 was down 1% at 726 yuan ($107.53) a tonne, as of 0629 GMT. It hit its highest since Aug. 1 at 755 yuan earlier in the session. On the Singapore Exchange, the steelmaking ingredients front-month September
Altex Tube to open manufacturing plant in MississippiWed, 27 Jul 2022 13:25:00 GMT
Altex Tube LLC is locating a new manufacturing plant in Columbus, Miss., on the Steel Dynamics campus.
Cleveland-Cliffs reiterates EV future visionWed, 27 Jul 2022 00:00:00 GMT
Cleveland-Cliffs reiterates EV future vision Cleveland-Cliffs ceo Lourenco Goncalves emphasised the companys position as a leader in the automotive sector on the companys 22 July earnings call. As a top steel producer, the company will be integral in the supply chain of electrified vehicles, he says. I can see trends. The orders are starting
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