November 2012

Italian government signs decree keeping Taranto in production

The Italian government issued a decree today, Friday November 30, ensuring the continued operation of the troubled Taranto steelworks in the south of the country.

Brazil's steel distributors worried by downbeat economic outlook

Brazil’s flat steel distributors are concerned about the bearish outlook for Brazil’s economy in 2012 and 2013.

Turkish HRC importers await CIS offers for January production

Turkish market participants are waiting for Russian and Ukrainian exporters of hot rolled coil (HRC) to release their latest round of offers for January rolling next week, according to Turkish market participants.

ArcelorMittal's Czech plant to produce anti-corrosive steels

ArcelorMittal Ostrava (AMO) expects to receive certification in the next week that will let the long and flat steel producer make steel with anti-corrosive properties, plant officials told Steel First on Friday November 30.

US plate prices set to rise, market sources say

US plate prices appear poised to climb higher, but just how high remains uncertain as many spot buyers are holding off booking material for January, according to market sources.

Ahmsa to report 50% fall in cash flow this year

Mexico’s integrated steelmaker Altos Hornos de México (Ahmsa) will close 2012 with a $270 million cash reserve, 50% less than in 2011 due to lower steel prices, ceo Alonso Ancira Elizondo said.

Brazilian plate offer prices to Europe still unattractive

Export offer prices for commercial-quality heavy plate from Brazil to Europe continue to be “unattractive” and have failed to secure local buyers for the past several weeks, market participants told Steel First.

US plate prices set to rise, market sources say

US plate prices appear poised to climb higher, but just how high remains uncertain as many spot buyers are holding off booking material for January, according to market sources.

Rise in demand for European 304 CR stainless sheet expected in January

Order intake for grade-304 2mm cold rolled stainless sheet for January delivery is looking relatively strong, market sources told Metal Bulletin sister title Steel First on Friday November 30.

Usiminas starts selling CLC-treated plates to energy sector

Brazilian flat steel producer Usiminas has sold the first batch of heavy plates made with CLC (Continuous Line Control) technology for the energy industry, in line with its strategy of adding more value to its products.