German engineering industry sees some relief
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German engineering industry sees some relief

Published: 15 Jan 2021

For companies in the German mechanical engineering sector, November was the first month with a year-on-year growth trend in 2020. Overall, order intake in November was up 5%, Kallanish hears from their federation, VDMA. A slight increase in domestic orders of 1% was supplemented by a stronger rise in foreign orders of 7%. Customers from eurozone countries

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Italian beam prices skyrocket

Published: 15 Jan 2021

Italian heavy sections producers are back following the Christmas holiday break, quoting at over €100/tonne ($121) more than last month, market participants tell Kallanish. Sections prices increased more slowly in December compared to the price rally of other long products such as rebar and merchant bar. The first category of beams has gone up in transactions

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Northern Ireland sees post-Brexit supply disruption, confusion

Published: 15 Jan 2021

Steel originating in the EU can enter Northern Ireland tariff- and quota-free, senior UK steel sources confirm. However, all origins outside the EU and Great Britain are automatically levied with a 25% tariff. There had in recent days been speculation that all steel that does not originate in Great Britain would incur a 25% tariff when

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European distributors remain concerned over steel supply

Published: 15 Jan 2021

European distributors and service centres for steel continue being concerned over the availability of steel supplies from mills and the impact of the jump in prices. In recent weeks a number of market participants have voiced their concerns. Most believe the tight availability of steel supply will continue at least until the end of the

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US HRC prices continue climbing; record new all-time highs

Published: 15 Jan 2021

US hot-rolled coil prices marched higher on Jan. 14 as more spot transactions at the $1,100/st band were reported at a tightly supplied market. The daily Platts TSI US HRC index rose by $4.75 to $1,094.50/st. After hitting an all-time high on Jan. 13, the index continued to move higher as mills were still able

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