Ferrum delivers pipe, purchases from Severstal Distribution
Ferrum has signed a €19.8 million ($23.4m) agreement to supply Polish gas pipeline operator Gaz-System with insulated welded pipe for Baltic Pipe LOT D, the Polish pipemaker says. Deliveries will take place in January-July 2021. Last month Ferrum won a €21.9m contract to supply insulated pipe for the construction of Baltic Pipe, with deliveries to be carried
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Europe demand lifts Severstal Distribution sales
Severstal Distribution increased sales in the first half of the year, the company says. Shipments amounted to 1.3 million tonnes, up by 8% on-year, Kallanish notes. Severstal’s sales in Russia increased to 580,000 tonnes, up by 4% on-year. Shipments to Europe amounted to 740,000t, up by 13% on-year. “We have created a large distribution centre in Vologda
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EU stainless market may suffer until 2023
A recovery in the European stainless steel market to levels prior to the Covid-19 pandemic will take significantly longer than many anticipate, says Joost van Kleef, commercial director of stainless scrap merchant group Oryx Stainless. Although demand for stainless steel has recovered from its lowest levels in March and April, overall European demand is not
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Turkish steel exports soar in June; EU quotas to limit further sales
As steel consumption in Turkey rose notably in June and exports soared by 40.3% year on year in that month to 2 million mt, amid recovery attempts globally, Turkish mills’ crude steel output rose 3.8% year on year to 3.8 million mt. However, despite this rise, Turkish mills H1 steel output remained 4.1% lower than
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Cristian Lay gets approval to acquire Gallardo Balboa
Spanish authorities confirmed last week that Cristian Lay’s proposed acquisition of the Gallardo Balboa group has received the necessary green light from local regulators. Last month Cristian Lay was indicated as the winner of the bidding race to acquire Gallardo Balboa in full (see Kallanish passim). Spanish regulators confirm that the inclusion of Gallardo Balboa into Cristian
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NEWS
- Steel, iron ore fluctuate on import adjustments August 13, 2020
- Schmolz+Bickenbach sees dramatic slump in shipments, revenue August 13, 2020
- Noviostaal concurs with positive EU flats pricing outlook August 13, 2020
- Swedish scrap prices register first rebound since April August 13, 2020
- European HDG stable; automotive demand improves August 13, 2020
- Ferrum delivers pipe, purchases from Severstal Distribution August 12, 2020
- Europe demand lifts Severstal Distribution sales August 12, 2020
- EU stainless market may suffer until 2023 August 12, 2020
- Turkish steel exports soar in June; EU quotas to limit further sales August 12, 2020
- Cristian Lay gets approval to acquire Gallardo Balboa August 11, 2020
- Italian government allocates Ilva investment funds August 11, 2020
- China’s exports slip but imports soaring August 10, 2020
- Outokumpu turns to loss, foresees lower third-quarter deliveries August 10, 2020
- Spanish union welcomes strike-ending deal at Nissan vehicles plant August 10, 2020
- Quotas to restrict Turkish steel exports to EU August 10, 2020
- Shipyards face long lull, in Germany and elsewhere August 7, 2020
- EU widens China galv duties following circumvention probe August 7, 2020
- State support for construction to soften blow of plunging steel demand: Eurofer August 6, 2020
- EC extends dumping duties on Chinese coated steel August 6, 2020
- Der lange Weg zum „grünen“ Stahl August 6, 2020
- NLMK DanSteel supplies plate to Portugal wind farm August 6, 2020
- EU steel in ‘state of emergency’ as virus hastens decline: Eurofer August 6, 2020
- Inventory system improves NLMK La Louvière stock turnover August 6, 2020
- South Korea joins Turkey as main EU suppliers August 6, 2020
- New walking beam furnace improves thyssenkrupp sheet quality August 6, 2020
- EU consumption decline ‘unprecedented’, says Eurofer August 6, 2020
- EU trade agreement to benefit Vietnam steel industry August 6, 2020
- German distributors see only rebar sales increase August 5, 2020
- Aperam: EU should align quotas with Covid-19 demand August 5, 2020
- German mechanical engineering regains optimism August 5, 2020
- UK launches dumping investigation of steel wire imports from China August 5, 2020
- BDS: German distributors sell more to construction, less automotive August 4, 2020
- Bekaert forecasts gradual second-half recovery August 4, 2020
- Iron ore surges to one-year high August 4, 2020
- Weekly US steel mill capability utilization ticks up to 59.3% August 4, 2020
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Latest News
- Steel, iron ore fluctuate on import adjustments
- Schmolz+Bickenbach sees dramatic slump in shipments, revenue
- Noviostaal concurs with positive EU flats pricing outlook
- Swedish scrap prices register first rebound since April
- European HDG stable; automotive demand improves
- Ferrum delivers pipe, purchases from Severstal Distribution
- Europe demand lifts Severstal Distribution sales
- EU stainless market may suffer until 2023