October 2012

HRC import prices into Gulf static on lack of activity

Import prices for hot rolled coil (HRC) into the Gulf region have remained unchanged over the past week, although South Korean producers are pushing for increases, market sources told Metal Bulletin sister publication Steel First.

US Steel's tubular segment reports Q3 2012 profit

US Steel’s tubular segment was profitable in the third quarter of 2012 but faced increasing pricing pressure from high inventories of oil country tubular goods (OCTG) and continued high levels of OCTG imports, John Surma said in a financial results press release on Tuesday, October 30.

HRC import prices into Gulf static on lack of activity

Import prices for hot rolled coil into the Gulf region have remained unchanged over the past week, although Korean producers are pushing for increases, market sources told Steel First.

Cargill denies scrap trading exit rumour

Trading company Cargill has denied exiting the scrap business, after Stemcor ceo Ralph Oppenheimer suggested as much during a talk at the Bureau of International Recycling (BIR) conference in Barcelona earlier this week.

US Steel reports Q3 2012 net income of $44m

US Steel remained profitable in the third quarter of 2012, but warned that fourth quarter results could suffer due to continuing economic uncertainty in the USA and abroad.

ALACERO: Venezuela's steel exports to surge in 2013

Venezuela’s finished steel exports are expected to triple to more than a million tonnes in 2013, as state-owned steel producer Sidor ramps up output.

EU sections down $13 week-on-week as demand fails to pick up

European domestic commodity-grade (S235JR) medium section prices fell more than €10 ($12.90) per tonne, on weak demand, market sources told Metal Bulletin sister title Steel First on Wednesday October 31.

US Steel reports Q3 2012 net income of $44m

US Steel remained profitable in the third quarter of 2012, but warned that fourth quarter results could suffer due to continuing economic uncertainty in the USA and abroad.

INTERVIEW: Donetskstal to target Europe, Middle East after EAF launch, sales chief says

Ukraine-based Donetskstal closed its open-hearth production earlier this year, and is to launch a 1.5-million tonne electric arc furnace (EAF) complex in April next year.

Japanese mini-mills fail to hit H1 forecasts, downgrade full-year outlooks

Four of Japan’s largest electric arc furnace (EAF) operators have reported results for the first half of 2012 which fall far short of forecasts and have downgraded their estimates for the full year, as steel prices slump and demand drops.