Export prices of Brazilian slab dropped this week because of weakness in the flat steel market in the United States and competition from other suppliers. Fastmarkets’ weekly price of steel slab export, fob main port Brazil, was $420-435 per tonne on Friday September 13, down by $10-15 from $430-450 per tonne fob a week earlier.…
Following last year’s order for a new 18-stand rolling mill, Nucor Steel has chosen Danieli to supply a new Quenching and Self-Tempering system, to be installed at the same mill in Marion, Ohio. The Quenching and Self-Tempering process improves the mechanical properties of deformed bars, in particular the yield strength, using billets with lower alloy…
Poor demand and ongoing bearish sentiment surrounding the European economy continued to keep premiums for aluminium foundry in the region tepid on Friday September 13. Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot premium ddp Germany at $335-355 per tonne on Friday, unchanged from August 9. On the same day, Fastmarkets assessed the aluminium…
Czech media reported that management of the Liberty Ostrava steelworks signed an agreement with the trade unionists on the future of the company. It concerns future investments, production and employment, but also extends the current collective agreement until 2023. The agreement of the company with the trade unions enshrines, for example, the minimum annual steel…