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SSAB Introduces Flexibility Measures in Finnish Operations

SSAB introduces flexibility measures and initiates employer-employee negotiations in its Finnish operations. The initiatives are due to a reduction in production volumes in the Nordic operations. The negotiations to be initiated concern potential temporary lay-offs in the Finnish operations, excluding Lappohja tube mill and the subsidiaries Ruukki Construction, Tibnor, Raahen Voima and Presteel. The negotiations…

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POLAND REBAR: Prices stable while market activity starts seasonal recovery

Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30. The assessment reflected the… Source…

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Indian Steel Minister Seeks Japanese Investment in Steel Sector

Deccan Herald reported that Steel Minister Dharmendra Pradhan has sought enhanced technology and investment support from Japan for the domestic steel sector. He discussed bolstering energy ties between the two oldest democracies in Asia and sought increasing role of Japanese technology and investments into the Indian steel sector. The meeting assumes significance as steel companies…

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Houston metal manufacturer to shutter due to ‘crippling’ steel tariffs, finance issues

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…

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