Price drop for square billet continues on the Polish market. The price drop in the national currency has been aggravated by the weakening of zloty rate, and hence the domestic quotations have dropped by EUR110-120/t instead of EUR80-90/t. The prices for September-output billet ex BMZ for the Polish market have also dropped – by about EUR95/t. Besides, the...

Quotations for square billet continue to drop in the Gulf countries. Thus, the material from CIS and Turkey has declined by $70/t in a week. At the moment, the main competition is taken place between ...

India's special steel producer, Chandan Steel, postpones the launch of new steelmaking facilities of total 50,000tpy capacity from Q3 to Q4 2008. The company's representative informs that installation has not been completed yet, as supply of the equipment was ...

In the middle of last month, Vietnamese company SSESteel obtained environmental approval of Vietnamese government to construct a ...

Georgsmarienhutte (Germany) has started the adjustment works at new 150,000-tpy continuous billet caster at its Bous plant in Germany ...

Quotations for Russian and Ukrainian slabs remain under the effect of price downward tendency. The current offer price level for "coil-quality" and "plate-quality" slabs ...

In early September, Kazakh steelmaker ArcelorMittal Temirtau is starting producing rebar. During the adjustment works at the new bar-rolling mill, commissioned in ...

In late September, the managing company Estar (Russia) is planning to lay the first stone into foundation of new steelmaking plant.

ArcelorMittal has signed a contract with Germany's SMS Meer to supply a new 690,000tpy bar rolling mill, which will be installed at Ruhrort plant in Germany. For reference, this supply is part of ...

By late 2010, the Omani rebar producer Sharq Sohar Steel Rolling Mills is planning to expand steelmaking capacity from 250,000 to ...

In Italy, offer prices for CIS-origin billet continue to steadily drop. Thus, this week local traders have reported the offers of Ukrainian and Russian billet at ...

In Iran, as well as in the whole global market, square billet continues falling in price rapidly. Buyer's activity is extremely low ...

Early this month, Nizhniy Tagil Steel Works (Russia) will stop its 160t converter No.3 for reconstruction. The works will last for about 65 days and will involve replacement of ...

Indian SAIL has concluded a contract with German SMS Demag for supply of 2.6mtpy steelmaking equipment to the IISCO Steel Plant (ISP), which will increase its steelmaking capacity ...

Austria's Voestalpine AG has placed an order with Siemens VAI (Austria) for supply of a slab conticaster of 1.4mtpy designed capacity to be installed at the company's Linz location ...