Speaking at the SteelOrbis Fall 2012 Conference and 67th IREPAS Meeting held in Munich, Lutz Karpowitz, the director of FX strategy within Commerzbank, told attendees that the Outright Monetary Transactions (OMT) program of the European Central Bank (ECB) is not a game changer at all.
At the SteelOrbis Fall 2012 Conference & 67th IREPAS meeting held in Munich on September 30-October 2, Enrico Paglia from Banchero Costa presented the latest situation in the freight market and analyzed expectations.
At the SteelOrbis fall 2012 conference & 67th IREPAS meeting held in Munich on September 30-October 2, Dirk Sauter from Schrott Wetzel GmbH made a presentation enttitled “The German Scrap Market, Today and in Future.”
During the SteelOrbis fall 2012 conference & 67th IREPAS meeting held in Munich on September 30-October 2, Alexander Gordienko from CELSA Group gave a speech entitled “Global Market & Macroeconomics”, analyzing growth forecasts for the global economy and latest trends in long steel production and consumption.
The first week of July was anticipated to be a quiet one in terms of activity in the US steel market given the mid-week Independence Day holiday, making Severstal North America’s price increase letter on Monday, July 2, that much more of a surprise.
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.
Risks and Price Volatility at the Steel Markets Panel at SteelOrbis Spring ’12 Conference & 66th IREPAS Meeting with Jeff Kable from JP Morgan, Phillip Killicoat from Credit Suisse, Martin Evans from CME Group, Michael Zeitler from BNP Paribas, and moderator Phillip Price from Stemcor To watch the video please click on the below link […]