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2019 - 12 - 26
European Union countries have backed a scheme to limit imports of steel into the bloc following U.S. President Donald Trump’s imposition of tariffs on steel and aluminium entering the United States, the European Commission said on Wednesday.It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S.The bloc had already imposed “safeguard” measures on a provisional basis on imports of 23 steel product types in July, with an expiry d...
2019 - 12 - 20
The 20,000-crore Jindal Stainless Group is expecting the first phase of its brownfield project for cold-rolled products at Jajpur in Odisha to be commissioned this month.According to Vijay Sharma, Senior Vice-President and Head of Sales, the first unit with one lakh tonne capacity will go on stream this month, while the second unit of another one lakh tonne capacity is likely to be commissioned by the next fiscal.“Ramping up of capacity of cold-rolled products will give us better margins,” Sharma told newspersons here on Friday.The Jindal Stainless Group comprises Jindal Stainless Ltd and Jind...
2019 - 12 - 18
British Steel is investing £1.4 million in a new fleet of vehicles to support the growth of our UK distribution network.The vehicles – 11 tractor units and 7 rigid vehicles – will improve the ability of our metal centres to supply a wide-range of constructional steel products and services to businesses of all sizes, from major developers to local housebuilders.Richard Farnsworth, British Steel’s Managing Director Construction, said: “This is a significant investment in our future which will enable us to provide an even better service to our customers throughout the UK.“Our regional metal ...
2019 - 12 - 02
The advanced high strength steel (AHSS) market size is expected to post a CAGR of about 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample reportThe growing global construction industry is one of the major factors behind the growth of the market. Advanced high strength steel is widely used in the construction of modern buildings and infrastructure. It has various advantages over conventional steel and is thus used for building lean structures. AHSS also helps in constructing slender and light-weight steel frameworks for buildings...
2019 - 11 - 20
Chinese steel futures edged up on Thursday in more range-bound trade ahead of the Lunar New Year holidays, while iron ore slipped after a three-day advance spurred by a disruption in supply from Rio Tinto’s export facility in Australia.The most actively traded May rebar on the Shanghai Futures Exchange was up 0.8 percent at 3,554 yuan ($526.50) a tonne by 0229 GMT. Hot rolled coil was at 3,452 yuan, up 0.8 percent.“Trading is getting slower this week ahead of the Chinese New Year holidays (in early February),” a Shanghai-based trader said. “I don’t think there will be much change in the market...
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