Steel Times International News
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Outokumpu unveils new vision
At ‘Outokumpu Experience’, the company’s global event in London, UK for customers, partners and analysts, Outokumpu launched its latest addition to the duplex stainless steel product family, the FDX platform.
22 May 2013 -
EU priorities should aim for industrial growth, jobs and innovation
The European Council should set a clear objective that substantially decreases the gap of average energy prices for industrial consumers between the EU and its main competitor, namely the USA.
22 May 2013 -
Anyang and Shougang losses grow
Anyang Steel’s quarterly report released on in early May showed losses increased to RMB 392M ($63.12M) in the first quarter.
21 May 2013 -
US imports challenged by domestic steel
Imports have remained at modest levels for many months, as the ‘short, inventory-driven cycles’ have given way to a long cycle of lower prices, short lead times at domestic mills.
21 May 2013 -
Chinese banks cut loans to steel traders
China’s banks were cutting credit loans to steel traders because bad debt had increased sharply. Analysts expected the move would add to pressure on the steel industry, along with the current weak demand.
21 May 2013 -
US production recovers from May
In its May newsletter, the American Institute for International Steel (AIIS) observes the steel market in the USA has not shown its normal early year rebound this year.
21 May 2013
