US Steel Prices Rebound in August

US flat product steelmakers are bucking the seasonal price trend, by pressing for a rise in local values, despite the summer lull in activity. Domestic suppliers, in an attempt to stave off the threat of further losses, introduced a series of list price hikes, during the July/August period. Local mills had little option but to…

Nippon Steel Aiming to Shore up Faltering Earnings

Reuters reported that Nippon Steel Corp aims to raise product prices and boost productivity by streamlining its manufacturing structure to help shore up faltering earnings. Nippon Steel EVP Mr Katsuhiro Miyamoto told Reuters in an interview “Steel demand is weakening this quarter, especially overseas and is expected to deteriorate later this year. Demand for flat…