September 2018

STEEL WEEK IN BRIEF: Iran’s steel industry feeling US sanctions, a strengthening lira, falling European alloy surcharges

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday September 29.

EUROPE STAINLESS STEEL: Surcharges fall again while competition with imports continues

European alloy surcharges for stainless steel products have decreased for the third consecutive month, pulled down once more by weakening nickel prices. But most base prices have not changed, Metal Bulletin heard on Friday September 28.

ThyssenKrupp proposes to spin off steel assets after 'investor pressure’

The board of German industrial conglomerate ThyssenKrupp has proposed splitting the business into two separate companies – one of which would hold all the steel sector assets, including stainless steel, the company said late on Thursday September 27.

PEOPLE MOVES: S+B chairman to stand down in April 2019

Edwin Eichler, chairman of Swiss special and stainless steel producer Schmolz + Bickenbach (S+B), will step down from his role at the company’s next annual general meeting on April 30 2019, S+B said late on September 27.

EUROPE ALLOY STEEL SURCHARGE: October surcharges continue falling on weak nickel prices

European alloy surcharges for stainless steel products have decreased for the third consecutive month, pulled down once more by weakening nickel prices.

East Asian stainless steel extends slump amid thin demand, lower offers

Import prices for stainless steel in East Asia maintained their downtrend over the past week despite nickel’s recovery, with Chinese and Taiwanese mills reducing their offers while weak currencies continued to stifle import appetite in the region.

China’s stainless steel prices flat, demand weak

China’s domestic stainless steel prices remained unchanged over the past week amid continued weakness in demand.

Molybdenum markets drop, but recovery signs seen

The molybdenum oxide and alloy markets in Europe fell on deals reported midweek, but the downward trend in prices appears to have reached a bottom and a recovery is expected soon, sources told Metal Bulletin on Wednesday September 26.

TITANIUM SNAPSHOT: Ferro-titanium market relatively stable, awaits consumers

Key data from the Wednesday September 26 pricing session in Europe.

Marcegaglia 'interested' in acquiring Italian stainless steel mill AST

Italian re-roller Marcegaglia has expressed an interest in acquiring Italian flat stainless steelmaker Acciai Speciali Terni (AST).