Steel Industry Insight
For several weeks, import offer prices of rebar and wire rod to the US from Turkey kept slipping further and further down, while many potential US customers just sat back and waiting for prices to hit bottom. But instead of hitting bottom and staying there long enough for buyers to actually have a chance to […]
On June 22, J.D. Fields & Co. Inc., a distributor of pipe and steel piling products, filed a $40 million lawsuit against its steel piling supplier Nucor-Yamato, a subsidiary of Charlotte, North Carolina-based Nucor Corporation. In the suit, J.D. Fields claims Nucor-Yamato consistently gave Skyline Steel lower prices, giving the company an unfair competitive edge. […]
In the face of weak demand and ever-softening import offers, many have been wondering why US longs mills (including rebar, wire rod, merchant bar and beams) didn’t lower transaction prices lower than they did, which was about half of this month’s shredded scrap price decrease. Are they trying to maintain some control over price volatility? […]
The Financial Times reported last week that China had warned its banks of rampant illicit borrowing by steel companies, a development that underscores the financial dangers for the country as the government mulls a new stimulus effort to support the slowing economy.
Michael Setterdahl from Nucor, the chairman of the traders’ committee, stated that traders are now increasingly seeing more regionalization in trade.
Uğur Dalbeler, chairman of both IREPAS and the billet suppliers’ committee, stated that, due to the situation regarding Iran, steel billet supplies which used to be sent to Iran are now being consumed domestically in the CIS region
In the last session of the SteelOrbis Spring ’12 Conference & 66th IREPAS Meeting held in London on April 1-3, long product and billet suppliers and producers, as well as traders and raw material suppliers, shared the conclusions reached at their special committee meetings regarding the current situation in the markets with the general participants […]
Speaking at the SteelOrbis Spring ’12 Conference & 66th IREPAS Meeting held in London on April 1-3, Kerim Dilber, foreign markets coordinator of the Turkish Steel Exporters’ Association,
Kim Marti Subirana of Celsa Group, the chairman of the rebar and wire rod suppliers’ committee, said that the long steel market has started to gain stability, after the low activity levels experienced in February due to the cold winter in the northern hemisphere, adding that market activity is expected to accelerate in the coming […]