June 2014

Brazil's autoparts industry sees revenues fall 18% in April

Brazil’s autoparts producers saw revenues fall by 17.6% year-on-year in April, according to data released by the country's vehicle parts manufacturers association, Sindipeças.

Morocco plans safeguard measures, quotas to restrict flat steel imports

The Moroccan government has launched an investigation that could lead to the imposition of temporary safeguarding duties or quotas on imports of cold-rolled steel sheet and plated or coated steel.

SSAB appoints new head for post-merger special steels section

Swedish steelmaker SSAB has appointed a new head for the special steels business area to be created once SSAB’s intended merger with Finnish steelmaker Rautaruukki (Ruukki) is complete.

Voestalpine ceo expects more EU trade cases in the second half of 2014

More trade cases are expected to be filed in the second half of 2014, on the back of an increase in imported finished steel products into Europe, Voestalpine ceo Wolfgang Eder said on Monday June 17.

Taigang cuts 300-series export prices by $150 for August shipment

China’s largest stainless steelmaker Taigang has slashed its 300-series export prices by $150 per tonne for August delivery, as nickel prices continue to soften.

Chinese stainless steel mills cut NPI prices; ore prices slide

Chinese stainless steel mills have slashed their high-grade nickel pig iron prices, with some smelters unwilling to sell at low prices in the ongoing dull demand season.

SCT 2014: High-strength steel not enough to cut car CO2 emissions, VW says

Steel must be complemented by other materials in car manufacturing to achieve CO2 emission reduction targets, a senior Volkswagen executive said on Monday June 16.

STEEL FIRST OUTLOOK: Further consolidation of EU flat-rolled steel sector will be tricky

Moves to further consolidate the European flat rolled steel sector hang on complications arising from fears of market dominance, according to Metal Bulletin Research (MBR).