December 2011

US steel demand won’t fully rebound until 2013: Fitch

U.S. steel demand will continue to grow in 2012 but won’t reach full recovery until 2013 at the earliest, according to Fitch Ratings.

SDI launches partial tender offer

Steel Dynamics Inc. (SDI) has launched a cash tender offer for up to $350 million as it looks to refinance a portion of its existing 7-3/8-percent senior notes due 2012.

US raw steel production slides 2.3 percent

U.S. raw steel output totaled 1,900,000 net tons last week, down 2.3 percent from 1,945,000 tons the previous week, as mills operated at an average capability utilization rate of 76.7 percent.

Port of Rotterdam annual iron ore and scrap throughput down 6% in 2011

Iron ore and scrap deliveries at one of Europe’s busiest ports fell in 2011, with steel output shutdowns in Europe in the second half of the year one of the main reasons, the Rotterdam port authority said.

Port of Rotterdam annual iron ore and scrap throughput down 6% in 2011

Iron ore and scrap deliveries at one of Europe’s busiest ports fell in 2011, with steel output shutdowns in Europe in the second half of the year one of the main reasons, the Rotterdam port authority said.

JSPL’s wide width plate mill in Orissa to start commercial production by February

India’s Jindal Steel and Power Ltd (JSPL) is on course to start commercial production at its 1.75 million tpy plate mills at Angul in the Eastern Indian state of Orissa by end of February 2012

JSPL’s wide width plate mill in Orissa to start commercial production by February

India’s Jindal Steel and Power Ltd (JSPL) is on course to start commercial production at its 1.75 million tpy plate mills at Angul in the Eastern Indian state of Orissa by end of February 2012

DAILY SCRAP REPORT: ex-US ferrous cargo prices breach $465 cfr level to Turkey

Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $463.30 per tonne on an HMS 1&2 (80:20) basis on Thursday December 29, up from $458.05 on December 28

DAILY SCRAP REPORT: ex-US ferrous cargo prices breach $465 cfr level to Turkey

Metal Bulletin’s Daily Ferrous Scrap Index cfr Iskenderun rose to $463.30 per tonne on an HMS 1&2 (80:20) basis on Thursday December 29, up from $458.05 on December 28

EU stainless steel prices stable, no change in CR sheet alloy surcharge

Stainless steel mills in Europe have kept their surcharges for January sales of 2mm 304-grade cold rolled sheet close to unchanged on the back of stable prices for the alloying extras.