Mon Jan 30, 2012
FRANKFURT Jan 30 (Reuters) - Kloeckner & Co , Europe's largest independent steel trader, expects Europe's demand for steel to drop significantly this year, its chief executive told a German newspaper.
"We are preparing ourselves for a drop in steel demand in Europe of up to 5 percent this year, it could even be worse," Gisbert Ruehl told Financial Times Deutschland in an interview published on Monday.
Europe's debt crisis has undermined consumer confidence, hit industrial output and raised the spectre of recession in the single currency zone, leaving clients reluctant to stock their inventories in a sector that swings swiftly to match economic cycles.
(sourced Reuters)
Showing posts with label steel traders. Show all posts
Showing posts with label steel traders. Show all posts
Monday, January 30, 2012
Saturday, February 26, 2011
Anshan acquires major stake in UK service center USS
Saturday, 26 Feb 2011
Chinese steel producer Anshan Iron and Steel Corporation through Ansteel Holdings Ltd is finalizing their agreement to purchase two thirds of the share capital of UK steel service center USS Ltd. The balance of shares is to be retained by former owners, the Weaver family who will continue to run the company. USS specializes in coil slitting for the construction industry.
Ansteel Holdings Ltd like Ansteel Spain SL is a joint venture company between Anshan and Stemcor.
Based in Halesowen in the West Midlands, USS can slit coils weighing up to 25 tonnes, thickness ranging from 0.33mm to 3.50mm and width ranging from 400mm to 1,525mm. The majority of material slit is galvanized coil mainly direct for end users with some slitting undertaken on behalf of third parties. Typical customers are UK based section rollers serving the construction industry.
Mr Zhang Xiaogang President of Anshan Iron and Steel Corporation said "Anshan is keen to expand its footprint in Europe and is particularly interested in value-adding services that complement the product range. Last year we purchased a 78% stake in Italian steel processor Viganò and now we are making a similar investment in the UK with USS. The Weaver family has extensive experience in the steel service centre business and will be a valuable addition to Ansteel European business."
Mr Julian Verden Group Managing Director at Stemcor the world largest independent steel trader said "We are delighted to enter into this second European joint venture with Anshan, building on the success of Ansteel Spain SL in the Iberian market. In addition to their existing construction and general industrial steel products, Anshan focus on producing high end value added flat products such as metallic coated, color coated and silicon steel."
Mr Anthony Weaver Managing Director of USS said "We are very excited to be working more closely with our new partners, whom we have dealt with for many years. Looking forward we feel that their investment will enhance our customer service and expand our product offering."
Ansteel Holdings Ltd like Ansteel Spain SL is a joint venture company between Anshan and Stemcor.
Based in Halesowen in the West Midlands, USS can slit coils weighing up to 25 tonnes, thickness ranging from 0.33mm to 3.50mm and width ranging from 400mm to 1,525mm. The majority of material slit is galvanized coil mainly direct for end users with some slitting undertaken on behalf of third parties. Typical customers are UK based section rollers serving the construction industry.
Mr Zhang Xiaogang President of Anshan Iron and Steel Corporation said "Anshan is keen to expand its footprint in Europe and is particularly interested in value-adding services that complement the product range. Last year we purchased a 78% stake in Italian steel processor Viganò and now we are making a similar investment in the UK with USS. The Weaver family has extensive experience in the steel service centre business and will be a valuable addition to Ansteel European business."
Mr Julian Verden Group Managing Director at Stemcor the world largest independent steel trader said "We are delighted to enter into this second European joint venture with Anshan, building on the success of Ansteel Spain SL in the Iberian market. In addition to their existing construction and general industrial steel products, Anshan focus on producing high end value added flat products such as metallic coated, color coated and silicon steel."
Mr Anthony Weaver Managing Director of USS said "We are very excited to be working more closely with our new partners, whom we have dealt with for many years. Looking forward we feel that their investment will enhance our customer service and expand our product offering."
Wednesday, February 23, 2011
Steel prices remain flat in thin trade
By Press Trust of India
New Delhi Feb 23, 2011, 15:57
Quiet conditions prevailed in the local steel and iron market today as prices continued to move in a limited range on restricted buying and settled around previous levels.
Traders said restricted buying activity against adequate stocks kept steel prices steady.
Following are today's quotations in Rs per tonne:
CTD saria (Kamdhenu) 8-mm 41,700, 10-mm 43,400, 12-mm 42,100, 16-25 mm 39,950
Saria Jai Bharat (ISO 9002) 8-mm 39,150, 10 mm 38,350, 12-mm 37,550, 16-25 mm 37,550
Amba saria (ISO-9002) 8-mm 38,000, 10-mm 37,300, 12-mm 36,700, 16-25-mm 36,500
Amba shakti: (TMT) 8-mm 37,000, 10 mm 36,000, 12 mm 35,400, 16 to 25 mm 35,200
M S Angle: (50x5) (50x6) 33,000, (40x5) (40x6) 33,500
Angle capital (ISI) (40X5) (40x6) 36,900, (35X5) (65X6) 33,900
Garder (joist) (150x75) 33,500 (175x85) 32,500 (200x100) 33,300 (125x70) 33,600
T-IRON (40X5)(40X6)(50X6) 33,500
(sourced:business standard)
New Delhi Feb 23, 2011, 15:57
Quiet conditions prevailed in the local steel and iron market today as prices continued to move in a limited range on restricted buying and settled around previous levels.
Traders said restricted buying activity against adequate stocks kept steel prices steady.
Following are today's quotations in Rs per tonne:
CTD saria (Kamdhenu) 8-mm 41,700, 10-mm 43,400, 12-mm 42,100, 16-25 mm 39,950
Saria Jai Bharat (ISO 9002) 8-mm 39,150, 10 mm 38,350, 12-mm 37,550, 16-25 mm 37,550
Amba saria (ISO-9002) 8-mm 38,000, 10-mm 37,300, 12-mm 36,700, 16-25-mm 36,500
Amba shakti: (TMT) 8-mm 37,000, 10 mm 36,000, 12 mm 35,400, 16 to 25 mm 35,200
M S Angle: (50x5) (50x6) 33,000, (40x5) (40x6) 33,500
Angle capital (ISI) (40X5) (40x6) 36,900, (35X5) (65X6) 33,900
Garder (joist) (150x75) 33,500 (175x85) 32,500 (200x100) 33,300 (125x70) 33,600
T-IRON (40X5)(40X6)(50X6) 33,500
(sourced:business standard)
Tuesday, February 15, 2011
7th Indian Iron & Steel Conference
15 February 2011 - 17 February 2011
The 7th Indian Steel Conference is the largest industry meeting of its kind.
The Indian steel boom – turning challenge to opportunity
**Local delegate rate also available**
For more information (you cannot register online)
please email marketing@metalbulletin.com or
call + 44 (0) 20 7779 7999.
Topics to be discussed:
* Past present and future – the way forward for the Indian steel industry and the search for
productive dialogue
* Producers keynote – ready for growth and international investment
* Technical issues shaping the supply and demand balance
* Domestic challenges in a globalised market
* India’s economic positioning on the world stage: Can you afford not to be in India?
* Long-term prospects for a competitive and sustainable India: The certainty of a huge growth
curve
* The new legislative framework, a renewed mines and mineral development regulation act
* Panel discussion: Domestic iron ore – the free market for ore, what are the options?
* Coal and coking coal – strategic security forum – the need for cooperation?
* Indian Infrastructure – time to gear up, the key to reliable growth
* Greenfield projects in India – are they possible? How to bring equitable development to the
rural poor
* Demand for steel – is it assured? Markets for growth
* Major challenges to growth the Indian steel industry – is their sufficient government trade
protection and support.
* The state of Indian research and development in the steel and mining sector – is it the
missing link?
* Service centres in India
* Traders corne
Venues
Read More on this…
The 7th Indian Steel Conference is the largest industry meeting of its kind.
The Indian steel boom – turning challenge to opportunity
**Local delegate rate also available**
For more information (you cannot register online)
please email marketing@metalbulletin.com or
call + 44 (0) 20 7779 7999.
Topics to be discussed:
* Past present and future – the way forward for the Indian steel industry and the search for
productive dialogue
* Producers keynote – ready for growth and international investment
* Technical issues shaping the supply and demand balance
* Domestic challenges in a globalised market
* India’s economic positioning on the world stage: Can you afford not to be in India?
* Long-term prospects for a competitive and sustainable India: The certainty of a huge growth
curve
* The new legislative framework, a renewed mines and mineral development regulation act
* Panel discussion: Domestic iron ore – the free market for ore, what are the options?
* Coal and coking coal – strategic security forum – the need for cooperation?
* Indian Infrastructure – time to gear up, the key to reliable growth
* Greenfield projects in India – are they possible? How to bring equitable development to the
rural poor
* Demand for steel – is it assured? Markets for growth
* Major challenges to growth the Indian steel industry – is their sufficient government trade
protection and support.
* The state of Indian research and development in the steel and mining sector – is it the
missing link?
* Service centres in India
* Traders corne
Venues
Take a Tour of Our Hotel Our Hotel
The Hilton New Delhi/Janakpuri hotel, is located West of New Delhi, in the heart of the local trading and public sector community and Indira Gandhi International Airport and benefits from easy access to the main commercial, business and entertainment districts of Connaught Place and Gurgaon.
For more information please visit:
http://www1.hilton.com/en_US/hi/hotel/DELHJHI/index.do?WT.srch=1
Booking your accommodation:
Upon registration, delegates will be emailed an accommodation booking form along with their confirmation to be completed and returned direct to the hotel.
Attendees
Arcelor Mittal - Automotive Worldwide
Aria International GmbH
Balli Steel plc
Bellmare Builders and Developers PVT Ltd
Carbon Credit Capital LLC
Carmeuse Coordination Center
China Steel Global Trading Corp
Commercial Metals Company
DARCL Logistics Limited
Diacomm Alloys
Dow Jones & Company
Dow Jones Newswires
Drewry Shipping Consults Ltd
Eastech Steel Mill Services (Malaysia) Sdn Bhd
Economic Research Unit - Ministry of Steel
Emars Mining & Constructions Pvt Ltd
Essar Steel Limited
GE (Genenal Eletric) Energy
GE Energy
Global Steel Dust
Government of India
Harsco India Private Limited
Harsco Metals
Hatch
Hatch Ltd
Heraeus Electro Nite Int NV
Hyundai Hysco
Impex Ferro Tech Ltd
Indian Technomac Co Ltd
Institute for Steel Development and Growth
International Shipping & Logistics Fze
ISR Infomedia PVT Ltd
J M Baxi & Co
Jindal Stainless Steel
Jindal Steel & Power Ltd
JP Morgan
JSW Steel Ltd
Kobe Steel Ltd
KPMG
Luxalloys India P Ltd
Marubeni India Pvt Ltd
Mecon Ltd
Metal Bulletin
Metal Bulletin Events
Metal Bulletin Ltd
Metal One Corp
Ministry of Mines
Ministry of Steel
Mitsubishi Corporation
Mitsui & Co India Pvt Ltd
NEMS (Middle East)
Nippon Steel Corp
Nippon Steel Corporation
NSL Chemicals Ltd
Posco Research Institute
Privat Intertrading
Profil Metal Dis Tic Ltd Sti
Puneet Metals Pvt Ltd
Rusagro Intertrade Private Limited
Salzgitter Mannesmann Pentasteel International (India) Pvt Ltd
Samsara Group
Sara International Ltd
SBI Capital Markets
Schmidt + Clemens Middle East DMCC
Severstal
SIMS Metal Management
Steel Services India
Steelman Solutions India
Steelmont Pvt Ltd
Stemcor India Private Ltd
Stemcor India Pvt Ltd
Surya Roshni
Tata Strategic Management Group
Transales FZE
VA Intertrading Aktiengesellschaft
Vale International SA-DIFC Branch
Xcoal Asia Fze
Xcoal Energy & Resources
Tag:Indian Iron and Steel Conference, attendees, steelmakers, steel producers, steel traders
Monday, February 14, 2011
Namco setting up steel plate mill in Khapoli
Monday, 14 Feb 2011
It is reported that Namco Industries is setting up a world class plate mill with an investment of over USD 170 million in Khapoli district of Maharashtra in Western India.
The plate mill with an installed capacity of 1.2 million tonne per annum is slated to come into operation in late 2011. Initial plans are for producing 50,000 tonnes of plates every month, which would be gradually ramped up to reach the installed capacity.
Production capabilities will include plates in width of 1250mm to 2500mm in thickness range of 8mm to 150mm.
The company proposes to import slabs for the same before commissioning of its slab cater later next year.
Mr Namit Soni director of Namco Industries said “Being located in the vicinity of the port, the company will have a freight advantage over most plate makers in the region.”
He added that “Being a primary trader till now, Namco has expertise in sourcing slabs from all over the world, which will be a major advantage for the group.”
The group also is setting up steel service centers around the country to add value to their trading portfolio products.
Namco Industries Private Limited is a wholly owned subsidiary of Namco Corp Limited. Namco Corp is one of the major steel traders in India today. Promoted by Mr Namit Soni and Mr Vijay Soni, the company started operations in 2007 as a steel trading company operating from Indore and has become a dominant steel importer within 3 years.
(sourced:steelguru)
It is reported that Namco Industries is setting up a world class plate mill with an investment of over USD 170 million in Khapoli district of Maharashtra in Western India.
The plate mill with an installed capacity of 1.2 million tonne per annum is slated to come into operation in late 2011. Initial plans are for producing 50,000 tonnes of plates every month, which would be gradually ramped up to reach the installed capacity.
Production capabilities will include plates in width of 1250mm to 2500mm in thickness range of 8mm to 150mm.
The company proposes to import slabs for the same before commissioning of its slab cater later next year.
Mr Namit Soni director of Namco Industries said “Being located in the vicinity of the port, the company will have a freight advantage over most plate makers in the region.”
He added that “Being a primary trader till now, Namco has expertise in sourcing slabs from all over the world, which will be a major advantage for the group.”
The group also is setting up steel service centers around the country to add value to their trading portfolio products.
Namco Industries Private Limited is a wholly owned subsidiary of Namco Corp Limited. Namco Corp is one of the major steel traders in India today. Promoted by Mr Namit Soni and Mr Vijay Soni, the company started operations in 2007 as a steel trading company operating from Indore and has become a dominant steel importer within 3 years.
(sourced:steelguru)
Friday, January 28, 2011
Chinese domestic steel prices will continue to rise in 2011
Jan 28, 2011
According to a statement issued by the China Iron and Steel Association (CISA) on Jan 25, steel prices in China will continue their upward trend in 2011, though some fluctuations will be seen and the increase will be at a slower rate than previous.
With China's Spring Festival beginning next week, there has been a certain slackening in transaction activity in the domestic steel market. The CISA indicated that, approaching the holiday, finished steel demand will drop and steel prices will be characterized by stability. After the Spring Festival, the CISA foresees that steel demand will recover and that finished steel prices will move in an upward direction.
As the Chinese government will adjust the country's domestic industrial structure and stabilize development in 2011, and also given the impact of uncertainty in the international market, the rate of Chinese economic development will slow down, domestic steel demand will drop, while raw material prices will follow a stable trend at high levels.
The CISA added that it was not optimistic on the prospects for Chinese finished steel exports, due to the Chinese government restrictions on products entailing high levels of energy consumption and pollution, and also because of international trade protectionism. (sourced:SteelOrbis)
Steel prices may continue to go up in China - MOFCOM
Friday, 28 Jan 2011
According to survey, domestic steel prices presented three-week continuous increase with rising market transactions. By last week, domestic steel prices were up by 1%WoW including 3mm HR sheet coils, 14 I-beam and 20 1.2 welded steel pipe up by 2%, 1.8% and 1.7% respectively.
Traders and construction enterprises increased their winter-stocking, as per statistics, the social inventory of construction steel eyed a WoW increase of 6.9% by January 21 up by 23.1% from last month.
As predicted, the steel prices would be further edging up by small amounts in the later periods mainly boosted by many mills pulled up their ex-works prices.
(Sourced from MySteel.net) visit www.Mysteel.net for real time access to China steel news!
According to survey, domestic steel prices presented three-week continuous increase with rising market transactions. By last week, domestic steel prices were up by 1%WoW including 3mm HR sheet coils, 14 I-beam and 20 1.2 welded steel pipe up by 2%, 1.8% and 1.7% respectively.
Traders and construction enterprises increased their winter-stocking, as per statistics, the social inventory of construction steel eyed a WoW increase of 6.9% by January 21 up by 23.1% from last month.
As predicted, the steel prices would be further edging up by small amounts in the later periods mainly boosted by many mills pulled up their ex-works prices.
(Sourced from MySteel.net) visit www.Mysteel.net for real time access to China steel news!
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