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STAINLESS STEEL MARKET REVIEW
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STAINLESS STEEL HOT ROLLED COIL AND PLATE From July last year through to December, transaction prices of hot rolled coil in the US fluctuated very little. Customers refused to pay a basis price increase, scheduled for the third quarter, because the weak economic situation had depressed demand. Market sentiment was poor and customers were reducing inventories wherever possible. Further attempts by some mills to raise basis prices for period two this year, had to be rescinded because NAS would not back the move. However, during the last 6 months, as alloy surcharges soared, transaction prices moved up on a regular basis, finishing the appraisal period 16.2 percent above the level of last July. Demand for quarto plate was extremely poor. Consequently the mills made no proposals to lift basis values, which were already under pressure from cheap imports. Read more on http://www.meps.co.uk/article-stainless-review.html |
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INTERNATIONAL STEEL MARKET ROUNDUP - September 2003
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Latest press release from the monthly steel publication "International Steel
Review" FLAT PRODUCTS - HOT ROLLED COIL The high US prices generated by the section 201 measures continued into the Autumn. However, a steady decline took place over the period to June - falling by 20 percent. A modest revival occurred last month. The picture in Asia was completely different. Transaction prices in Japan went up relentlessly from September 2002 to June this year - rising by in excess of 30 percent before slipping back in the third quarter as Chinese demand faltered. At the turn of the year, South Korean steelmakers pushed up their selling value by 7 percent in the domestic market. The Taiwanese mills made quarterly positive price adjustments until July this year. Improvements were not possible as Chinese business faded. Nevertheless, the price hike over the past twelve months has been near to 25 percent. Central European transaction prices have also moved steadily upwards during the review period. Polish figures are now 24 percent higher, whilst Czech/Slovak numbers are 16 percent above the July 2003 values. Firm domestic demand and strong export business has provided the platform for the better situation. Read more at http://www.meps.co.uk/roundup-9-03.html |
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Poland favors LNM Holdings to buy country's largest steelmaker,
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The Polish government announced Monday it plans to sell a majority stake in the
country's biggest steel group to Anglo-Dutch steel maker LNM Holdings, rejecting
a rival bid from U.S. Steel Corp. in a major privatization deal. Treasury Minister Piotr Czyzewski said the government would conduct exclusive negotiations until Aug. 22 with LNM for the 75 percent stake in Polskie Huty Stali, or PHS -- a holding company comprising four steel mills that account for 70 percent of Poland's steel market. No details have been released on the value of either bid. "Without any doubt, the (LNM) offer turned out to be better," Czyzewski told a news conference. He refused to elaborate or to comment on media reports that LNM had made a higher bid. "If the talks don't succeed, then we will turn to the second bidder, provided the offer is still valid," Czyzewski said. LNM chairman, Lakshmi N. Mittal, said he expected the final agreement to be signed by Aug. 22. He refused to discuss details of LNM's bid, but said the company offered to buy up to 100 percent of PHS. U.S. Steel Vice Chairman Roy Dorrance said in a statement the company was "disappointed" that it was not granted exclusivity to negotiate the purchase of PHS. "U.S. Steel remains interested in acquiring PHS and will continue to monitor developments closely," the statement said. The government merged four mills into PHS in May 2002 in order to seek an investor. PHS's buyer will be required to convert some 1.6 billion zlotys (US$400 million) of the group's estimated 5 billion-zloty (US$1.25 billion) debt into shares, then raise the company's share capital by about US$100 million. Under the treaty that will see Poland join the European Union next year, the government will be permitted to funnel euro670 million (US$757 million) in public money into PHS. The steelmaker will be required to trim its production capacity by 686,000 tons to 4.5 million tons a year. |
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Rampra India extends bright bar production
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Rampra has now installed new machinery to produce bright bars upto 150 mm dia ,
making it one of the widest range from 3 mm to 150 mm dia PRODUCED INHOUSE in a
variety of steels like stainless, alloy, carbon steels etc. Apart from Cold Finished bars, they offer Hot Rolled Steel Rounds (27 to 160 mm dia) RCS ,Squares,Flats, profiles, etc in a variety of grades in stainless, alloy ,carbon and free cutting steels. See also updated website : www.rampra.com |
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Top 10 Steel companies in the world
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IISI (International Iron & Steel Institution) publicized the top 10 companies of
steel industry in the world, according to their production outputs last year.
The biggest steel company is Arcelor with 44.02 million tons; the second one is
LNM Group with 34.83 million tons. Following are Nippon Steel of 29.84 million
tons, POSCO of 28.15 million tons, Baoshan Iron & Steel Co. by 19.56 million
tons, Corus Group Plc, ThyssenKrupp AG, NKK Corp., Riva Acciaio Spa, and U.S.
Steel Corp. (Carol Jun. 3) |
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