2019
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12
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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
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12
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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
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11
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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...
2019
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10
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29
Japan’s crude steel output for the January to March quarter is expected to fall from a year earlier due to troubles at some steel plants, despite steady local demand from automakers and other manufacturers, the industry ministry said on Thursday.The Ministry of Economy, Trade and Industry (METI) estimated crude steel output of the world’s second-biggest producer would drop to 26.31 million tonnes for the three-month period, down 0.4 percent from a year earlier. This would mean a third consecutive quarterly decline.Demand for steel products, including those for exports, is forecast to decline 1...
2019
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10
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Steel producer Nucor Corp said on Monday it would spend about $1.35 billion to build a plate mill in the U.S. Midwest, taking advantage of federal tax cuts that has resulted in windfall gains for several companies.Nucor is also benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.The new mill, which is expected to be fully operational in 2022, would produce 1.2 million tons a year of steel plate products and create about 400 full-time jobs, the company said.“Tax reform, continued improvements to our regulatory a...