January 2018

EUROPE SECTIONS: Southern European mills bullish on improving coil prices

Prices for hollow sections remained largely stable across Europe this week, but producers in Southern Europe are preparing for further increases in February, market sources said on Wednesday January 31.

German metals industry affected by strikes, expects 'significant revenue loss’

The German metals sector is being hit with a number of day-long strikes this week while negotiations over pay between employers and trade union IG Metall continue, Metal Bulletin heard on Wednesday January 31.

Stalatube to invest $25m to expand capacity in Finland, Poland

Finnish stainless tube maker Stalatube will invest €20 million ($24.86 million) in expanding its capacity in Finland and opening a new service centre in Poland, it said on Friday January 26.

EUROPE SECTIONS: Southern EU prices likely to rise again on coil market strength

Domestic prices for hollow steel sections in Southern Europe are likely to rise over the next month, with producers facing a shortage of hot-rolled coil (HRC) in the region, sources have told Metal Bulletin.

STEEL WEEK IN BRIEF: Scrap prices fall, HRC trade case in Brazil, bids for France's Ascometal...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE SECTIONS: Market waits for coil prices to push higher

Prices for domestic hollow sections remained largely stable across Europe this week, with market sources waiting for a clear direction in the price of hot-rolled coil (HRC).

Conares Steel starts to build PPGI line; new pipe mill to start production soon

United Arab Emirates steel producer Conares Steel started the construction of a new line to produce color-coated coil, or pre-painted galvanized iron (PPGI), early in January, chief executive officer Bharat Bhatia told Metal Bulletin on Wednesday January 17.

STEEL WEEK IN BRIEF: Cyclone in Australia, higher steel prices globally, trade cases...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Klöckner trying to sell Brazilian steel distribution arm

Germany-based steel distributor Klöckner & Co is looking for a potential buyer for its Brazilian arm, several sources have told Metal Bulletin.