Preview of Today's Top Article
Outokumpu restructures sales network
Finland-based stainless steel producer Outokumpu has restructured its regional sales network and created a new post of senior vice-president, regions and stock & processing, within the group’s sales and marketing team.
Effective 1 September, Sheffield-based Mark Perrins takes on the new role. He was previously managing director of Outokumpu Stainless Distribution in the UK, and also responsible for distribution in Ireland and South Africa.
to read more subscribe here
TODAY'S TOP SBB HEADLINES
Most plate and rebar prices rise again, says The Steel Index
Chinese billet prices slump
Semis import surge plunges China into steel trade deficit
NLMK and Duferco pour $630m into joint venture
Steelmakers work on new bodies for electric, hybrid cars
Sources: rest of US mills to follow on sheet rises next week
Europe
EU distribution stock levels stagnant in July: Eurometal
ArcelorMittal restarts Gijón blast furnace
SSAB’s restarted furnace producing at low level
Hoesch Schwerte starts up expanded rolling mill
Ovako bar plant in Sweden to increase output in Q4
Longs prices are strengthening in Italy
Corus disbands engineering unit
Italian car sales continued to increase in August
Russian construction demand at 40% of pre-crisis level
Bosnian steelmaker to renegotiate privatisation contract
Czech electrical sheet producer increases production
Asia
China lowers export offers for rebar
Shougang targets 30m t/y capacity by 2012
China manufacturing, input inflation costs grow in August
Hyundai Steel lifting inverted angles output
Hyundai Steel begins countdown to BF start-up
Tokai coil centres benefit from automaker recovery
Rebar, wire rod import markets quiet in SE Asia
Thai electrical steel centre plans to lift output nearly 50%
North America
US semis imports rise, especially from Brazil
US imports slightly down in August
US rod market reaction mixed to $50 price increase
HRC, CRC sheet import licenses up big in August
Latin America
Chile's CAP resumes studies for its steel output expansion
Venezuela's Sidor to expand retail arm Ferresidor
Jamaica's steel market falls 25-30% y-o-y
Plate prices stagnant at R$2,000/t in Brazil
Brazil's HRC, plate exports more than double in July
Middle East & Africa
Turkish flat product imports showed increase in July
Turkish domestic rebar demand continues to be slow
Emirates Steel appoints new CEO, production target 6.5m t/y
Emirates rebar prices steady, buyers resist
Scrap & Raw Materials
Nickel inventories at century high, price holds steady
Tianjin Steel plans first iron ore pellet plant
Tata Steel expands iron ore production in India
Hebei advises coke production cuts to bring down stocks
Brazil-China vessel bookings plunge in August
Venezuelan HBI prices rise as demand recovers
Stainless steel & Ferro-alloys
Taigang warns of worsening overcapacity for China stainless
Taigang Stainless raises 2009 output target by 200,000 t
Outokumpu restructures sales network
Turkish service center launches stainless cut to length line
SBB Special Report: Uncertainty grows over Chinese stainless
Tubes & Pipes
US line pipe, OCTG imports continue fall
Chinese seamless pipe maker starts 1m t/y project