German flood causes inventory damage
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German flood causes inventory damage

Published: 26 Jul 2021

The damage reports along the Ruhr, which came out of its bed after heavy rains on 15 July, so far have mainly concerned disruptions to transportways like rail, roads and rivers. Production plants have been hit, too, though only individually, but in some cases considerably. One mill group operates two consignation storehouses for coils in

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Floods hit German long products supply chain

Published: 26 Jul 2021

The devastation caused by heavy rains along the eastern Ruhr are mainly impairing the supply chain of coil products typical for the region, with thyssenkrupp and at least two Hagen-based cold-rollers declaring force majeure. Hagen is also home to one primary steelworks of special bar qualities maker Deutsche Edelstahlwerke (DEW). The site “was massively hit

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Salzgitter adds tailored blanks equipment

Published: 25 Jul 2021

Salzgitter has started operating a new stamping line for tailored blanks, Kallanish learns from the German steelmaker. The addition required the construction of a new hall, which was carried out during the pandemic, the company underlines. The new facility was supplied by Schuler and can work coil of up to 35 tonnes in thicknesses of 0.5-3mm. It

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Shortage, minimal imports lift European stainless coil prices

Published: 23 Jul 2021

European stainless steel cold and hot rolled coil, sheet and tube prices are increasing again this month due to persistent shortages, market participants tell Kallanish. European mills are quoting CRC for January and February 2022 delivery at €3,300-3,550/tonne ($3,890-4,185) delivered, depending on material quality and volumes. HRC is offered at €3,100-3,300/t delivered. Buyers are not negotiating

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Indian government lists six state-owned steelmakers for sale

Published: 23 Jul 2021

The Indian government has listed six state-run steel plants, including Rashtriya Ispat Nigam Limited (RINL), for sale, according to the finance ministry. The ministry confirms that no state steel plant has been sold during the last five years. The disinvestment of central public sector enterprises (CPSEs), including steel plants, was guided by the new public sector

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