Market News

  • 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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  • 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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