Brazilian steelmakers remain optimistic about the growth prospects for domestic steel consumption. Service centres and traders are however concerned regarding the upturn in the pricing positions being adopted by their domestic suppliers. The majority assert that the latest initiative is unsustainable and does not reflect real demand. Meanwhile, the Instituto Aço Brasil and the Ministry […]
Category: News
Further Stainless-Steel Price Rises Imminent In The US After Section 232 Announcement
In February, US stainless steel prices increased for both flat and long products. Rising mill input costs resulted in moderate gains in stainless steel transaction values worldwide. The price hikes recorded in North America were however more substantial than those in other regions. No doubt, the upward trajectory witnessed over recent months can be attributed, […]
New World Order Is Reshaping Stainless Steel Market
Global stainless-steel production reflects the shift in relative size and influence between the world’s established and developing economies. China’s crude stainless-steel output has grown almost five-fold, since 2006, to represent close to 55 percent of the worldwide total, in 2016. In that year, India overtook Japan, to become the world’s second largest stainless-steel producer. Indian […]
EU STEEL PRICES TO REACH SEVEN-YEAR HIGH IN SPRING 2018
European flat and long product steel selling figures increased in January. Local mills raised their offer prices in an attempt to recoup recent rises in raw material costs. Further escalation in steel prices is anticipated, in the short term. Consequently, the MEPS EU average all products composite selling figure is expected to rise to its […]
Mobile Canning Concept Developed By Tata Steel To Cut Food Losses
Tata Steel has developed a mobile canning line concept which, it claims, will allow farmers, anywhere in the world, to process and preserve their produce on-site, helping them to reduce food loss at source while generating additional revenues for farmers. A third food production worldwide is lost or wasted before it even reaches consumers including […]