Ferrous scrap prices around the world fell over the week ended Friday August 30 on thin buying interest from end-users, which expected more price falls so were not eager to purchase materials. Ample supply damps prices More falls in export prices expected Prices plunge on thin buying interest Limited transactions on weak downstream demand. Turkey…
NLMK Group has placed an order with SMS group for the delivery of two gas recovery systems for its Lipetsk site. Steelmaking shop no 1, which has three 160 tonne converters, is to be equipped with a switch-over station, a gasholder with a capacity of around 60,000 cubic meters, and a gas transfer station. Steelmaking…
Another local metal manufacturing company will close due to the increased cost of steel tariffs, as well as other “crippling” business conditions, according to a filing with the Texas Workforce Commission. United Structures of America, a Houston metal fabrication and engineering company with facilities here and in Portland, Tenn. will cease operations. The company’s Houston…
European aluminium billet premiums on Friday August 30 traded at their lowest since late 2016 and early 2017, pressured by a sustained oversupply in the region. Oversupply, aggressive offers sink premiums in Europe. Brazilian billet premium falls on weak demand. US, Asian billet premiums steady. European premiums hit by sustained oversupply European billet premiums hit…
Sky News has learnt that Systra, which has been engaged in talks to buy TSP for three months, has clinched a deal to buy the business, along with its GBP 70 million plus pension liabilities. The agreement is expected to be announced by Systra and the Official Receiver, which has been managing British Steel since…
WASHINGTON — Chinese imports of steel trailer wheels, 12 to 16.5 inches in diameter, are causing material injury to U.S. steel trailer wheel makers, the U.S. International Trade Commission has determined. The ITC voted 5-0 Aug. 2 to make its final affirmative determination in the case, which began in August 2018 with petitions for relief…
An overview of the noble alloys markets and their latest price moves. Source of information
Reuters, citing four Source of information
