Market News

  • Ambitious Crossrail Project Leans On Steel To Boost UK Transport Networks

    • Deep below London a network of tunnels that links both new-build and renovated station infrastructure could mark a sea change for transport in the UK’s capital city and beyond Crossrail’s ambitious work to develop the new railway – to be called the Elizabeth line – represents the largest current infrastructure project in Europe. Fully integrated […]

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  • MEPS Steel Price Forecasts to 2023

    • The MEPS Global average all products composite steel price increased, in 2018, by 16 percent, year-on-year. Firm economic conditions and steel demand growth supported the upturn in selling figures. Nonetheless, the cyclical recovery in the global steel market appears to be reaching its zenith, after hitting its low point in late 2015, early 2016. Indicators […]

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  • World Crude Steel Production Up 2.6%

    • The world produced 151.7Mt of crude steel during the month of August 2018, up 2.6%, according to figures released by the World Steel Association (worldsteel). China’s crude steel production was up 2.7% from last August at 80.3Mt, while the Indians produced 8.8Mt, up 3.7% on August 2017. In Japan, production of crude steel reached 8.8Mt, […]

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  • China Reduces Steel Tariffs

    • A report in the Washington Examiner claims that China’s finance ministry plans to reduce import tariffs on steel. The plan is to reduce steel tariffs from 11.5% to 8.4%. However, it is likely that US tariffs against Chinese steel will rise from 10% to 25% before the year end. US President Donald Trump believes that […]

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  • US Scrap Market Still Depends On Turkey After Section 232

    • The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London last weekend. This dependence persists despite the changes in the international markets created by the US’ imposition of its […]

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  • Scunthorpe FC United Sponsorship

    • Rainham Steel are delighted to be Scunthorpe FC United’s new front of shirt sponsor for the 2018/19 campaign. This is our ninth season as the Iron’s front of shirt sponsor, following a consecutive spell between 2007 and 2015. We have remained partners with the club since then and the brand-new agreement has the Rainham Steel […]

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  • Bundeskartellamt Imposes First Fines Totalling Approx. 205 Million Euros On Special Steel Companies

    • The Bundeskartellamt has imposed fines totalling approx. 205 million euros on six special steel companies, a trade association and ten individuals for concluding price-fixing agreements and exchanging competitively sensitive information. The companies are: ArcelorMittal Commercial Long Deutschland GmbH, Cologne, Dörrenberg Edelstahl GmbH, Engelskirchen, Kind & Co. Edelstahlwerke GmbH & Co.KG, Wiehl, Saarstahl AG, Völklingen, Schmidt […]

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