Market News

  • 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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  • New ISO 45001 Changes – CARES Among The First To Be Accredited To New ISO Standard

    • The United Kingdom Accreditation Service (UKAS) has recently confirmed that CARES has become one of the first Certification Bodies in the country to successfully achieve accreditation to its new ISO 45001:2018 management system. Following a detailed assessment of CARES’ performance and capabilities by UKAS, the official announcement of migration to the new standard – regarded […]

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  • US Steel Import Applications Down 3.7%

    • Steel import permit applications for the month of June reached 2.89Mt (net tons), down 3.7% from the May figure of 3.005Mt (net tons) and a 0.3% increase from the May preliminary imports total of 2.887Mt (net tons), according to figures released by the US Commerce Department based on Steel Import Monitoring and Analysis (SIMA) data. […]

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  • CARES Takes Major Step Forward In Global Constructional Steel Certification

    • An important new vote of confidence in CARES as one of the leading players in steel product certification worldwide has just been confirmed in Singapore. The Singapore Accreditation Council (SAC) has announced that CARES is now accredited to provide product certification to the Singapore reinforcing steel standard, SS 560. The announcement represents “very significant additional […]

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  • EU Launch Safeguards To Curb Steel Imports

    • The European Union launched safeguard measures on Thursday 19th July designed to prevent a surge of steel imports into the bloc that could have followed the U.S. imposition of tariffs on incoming steel and aluminium, the EU’s official journal said. The European Commission has proposed a combination of a quota and a tariff to counter […]

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  • India Finished Steel Export Slumps Over 25% In April

    • India’s export of finished steel slumped by 25.2 per cent to 0.558 million tonnes (MT) during April 2018, according to a report. The country had exported 0.746 MT finished steel during the same month a year ago, the Joint Plant Committee (JPC) said it its latest report. The JPC, under Ministry of Steel, is the […]

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  • Iron Ore Gets A Boost From Stronger Steel Prices In China

    • Iron ore prices rose last week, supported by strength in Chinese steel markets. According to Metal Bulletin, the spot price for benchmark 62% fines rose 0.7% to $67.23 a tonne, largely reversing much of the 1% decline seen a day earlier. As seen in the chart below, the benchmark has been stuck in a narrow […]

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