January 2012

Major end-use sectors show signs of life: USS

U.S. Steel Corp. executives offered a cautiously optimistic outlook for 2012 on Tuesday, citing early signs of upticks in a host of markets, including automotive.

Severstal NA sees 6.3% boost in ’11 sales

Russian steelmaker OAO Severstal’s North American unit increased its sales volumes by 6.3 percent last year.

U.S. Steel upbeat as it narrows losses

U.S. Steel Corp. narrowed its loss in 2011 vs. the previous year and expects a "significant improvement" in its operating results this quarter despite swinging into the red in the fourth quarter after notching a profit in the third quarter.

MMK steel production slides 2% in Q4 on weak construction demand [UPDATE]

Crude steel output at Russian steelmaker Magnitogorsk Iron & Steel (MMK) in the fourth quarter of 2011 was down by 2% quarter-on-quarter at 3.1 million tonnes, the company said on Friday January 27.

MMK steel production slides 2% in Q4 on weak construction demand [UPDATE]

Crude steel output at Russian steelmaker Magnitogorsk Iron & Steel (MMK) in the fourth quarter of 2011 was down by 2% quarter-on-quarter at 3.1 million tonnes, the company said on Friday January 27.

Novolipetsk to boost Q1 steel output by 12.5% quarter-on-quarter

Russia’s fourth-largest steelmaker, Novolipetsk Steel (NLMK), plans to boost its crude steel output to 3.6 million tonnes in the first three months of 2012.

Novolipetsk to boost Q1 steel output by 12.5% quarter-on-quarter

Russia’s fourth-largest steelmaker, Novolipetsk Steel (NLMK), plans to boost its crude steel output to 3.6 million tonnes in the first three months of 2012.

Buyers rush to re-stock as mills hike European HRC prices

Prices for domestic hot rolled coil in Europe continued rising in generally positive market conditions, traders told Metal Bulletin on Tuesday January 31.

CRC import prices to GCC fall $20 per tonne

Cold rolled coil imports to the GCC’s main port fell $20 per tonne in line with local demand and the fall in the price of hot rolled coil.

Indian mills unlikely to change domestic HRC prices in February

Indian mills are likely to keep hot rolled coil prices for domestic sales unchanged for February rolling and March deliveries, despite a slight fall in retail prices as the rupee appreciates against the dollar.