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Mr Paolo Rocca, Tenaris Chairman & CEO, participated in the first Saudi Iron & Steel Conference in Riyadh. Speaking on the panel ‘Saudi’s Potentially Pivotal Role in Global Steel’, he focused on the investment in steelmaking and processing capacity in Saudi Arabia as the country focuses on becoming more self-sufficient. During his speech, Rocca tackled…
DetailsExport prices for steel billet from the CIS region have been under pressure from weak demand and falling scrap prices internationally, market sources told Fastmarkets on Thursday September 19. Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, was $356 per tonne on September 19, unchanged day-on-day but down by $7 per tonne since…
DetailsTexas US based steel manufacturing, processing, and distribution company Friedman Industries Incorporated announced today the appointment of Mr Michael J Taylor as President and Chief Executive Officer of the Company, effective September 12, 2019. Mr Taylor, age 60, has served as the Interim President and Interim Chief Executive Officer since February 12, 2019 and has…
DetailsDomestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets. Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at €550-570 ($608-630) per tonne ex-works on September…
DetailsUnited States Steel Corporation has provided third quarter 2019 guidance. It said “We expect third quarter 2019 adjusted EBITDA to be approximately USD 115 million, which excludes approximately USD 53 million of estimated third quarter impacts from the December 24, 2018 fire at our Clairton coke making facility and estimated restructuring charges. We expect third…
DetailsSingapore — China's robust production of rebar and hot-rolled coil this year, despite weaker steel demand and prices, is an indication that overall output has become "irrational", market Source of information
DetailsBase metals ended flat to lower on the London Metal Exchange on Thursday September 19- tin closed below $17,000 per tonne and copper below $5,800 per tonne. The three-month tin price ended at $16,457 per tonne this afternoon, its weakest close since August 30 and down from an intraday high of $16,895 per tonne –…
DetailsPOSCO announced that it will actively target the super alloy stainless steel market to make sulfur scrubbers ahead of next year, when tighter sulfur oxide emissions guidelines on ships come into effect. Through extensive research and development, POSCO has succeeded in mass-producing S31254, a high-alloy stainless steel developed for use in seawater. The steel contains…
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