steel and stainless steel literature

 
 

Steel Dictionary

Now Available - More than 300,000 Industry Codes and Standards aggregated from over 350 leading Standards Developing Organizations
 
 

Lectures

Steel packaging - APEAL - European Packaging Steel News Letter

stainless steel

steel production

Steel Markets Info

  • IISI - International Iron and steel Institute: Data, statistics, and information on the steel industry worldwide

  • SBB- Steel Business Briefing: Up-to-date steel market info, prices and regular articles to keep ahead in your profession  -  Special Offer for MEsteel Members: 10% Discount

  • Metal Times (ThyssenKrupp VDM Newsletter) - Topical website describing special steel applications

  • Country & Steel Info on   Algeria  Bahrain  Cyprus  Egypt  Iran  Jordan  Kuwait Lebanon  Libya  Malta  Morocco  Oman  Pakistan  Qatar  Saudi Arabia Sudan  Syria  Tunisia  Turkey  United Arab Emirates (UAE)  Yemen.

  • India: Minerals and Metals Review

  • Middle East: Metal Bulletin

  • CIS Countries: Metal Expert Research Publications from Metal Courier

  • Steel industry mergers could lead to stabilization: Consolidation in the steel industry is beginning to resemble that of the oil business during the second half of the 1990s, according to analysts. But it is not just the steel makers themselves that want to become less-fragmented; some of the key suppliers of raw materials have already made moves toward consolidation too, while others are in the process of following suit. As a result of an earlier round of consolidation, the world's supply of iron ore to the steel industries in Asia and Europe is dominated by just three producers: two in Australia and one in Brazil.

    If the proposed merger between the world's largest steel maker Mittal Steel and the world's number two, Arcelor, succeeds, it would be the equivalent of the merger of Exxon and Mobil that formed what is now the world's largest oil major. For the first time in the steel business, it would create what many analysts describe as a truly global player. They argue that the combined entity would have the upper hand when negotiating with major customers, such as the automotive industry. At the same time a combined Mittal/Arcelor would also have significant bargaining power in iron ore negotiations, especially as Mittal is already integrated with iron ore production in some areas of the world. Analysts say that the pressure for further consolidation in steel will be even greater if the merger goes through. The end result would be higher and more stable steel prices and stability of earnings among steel makers.

    Since the Mittal/Arcelor merger was first proposed in January of this year, it has emerged that Russian steel major Evraz is in talks with British-Dutch steel group Corus that could lead to a merger and the creation of another major player in Europe, even if it is not a global player. Corus, itself, was the result of an earlier round of consolidation that emerged in the mid 1990s from the former state-owned British Steel merging with Dutch steel maker Hoogovens. The mid-1990s also spawned the combination in Germany of the Thyssen group with Krupp, to create ThyssenKrupp. This earlier round of consolidation in Europe was the first step in the European industry of moving away from being fragmented and was in reaction to a round of consolidation that had already occurred in Asia.

    In Japan, the emergence of JFE Steel in the last few years was the result of a merger of Kawasaki Steel and NKK, creating the world's fifth largest steel producer and Japan's second largest after Nippon Steel.

    In the US, a recent round of consolidation has left the country with four dominant steel producers, the largest of which are Nucor and Mittal Steel USA. Mittal Steel was the result of Mittal buying International Steel Group. This gave Mittal the largest share of the lucrative US automotive industry.

    China has emerged in the last two years as the world's largest steel producer, but steel is a highly fragmented industry with very few dominant large producers. Shanghai Baosteel, ranked as the world's fifth largest producer in 2005, is China's largest steel maker. Analysts say it is inevitable that China will have to undergo a significant round of consolidation. Part of this may also be forced by the closure of inefficient, high-polluting blast furnaces that are close to large population centers, to comply with environmental regulations that will force some of the smallest producers out of business, according to analysts.

    On the raw materials side, Canada's Inco and Falconbridge are in the process of trying to merge in a deal that will create the world's largest nickel and cobalt producer, the former being a key input into the production of stainless steel. In Norway and the US, Elkem is rapidly exiting the energy-intensive ferrosilicon and silicon metal producing business. In the US, this resulted in the sale of a 65,000 mt/year silicon plant to Globe Metallurgical in January, making Globe the largest producer of silicon in North America.
    In South Africa, there has been consolidation among ferrochrome producers. Ferrochrome is another key input to the stainless steel industry. The consolidation of ferrochrome producers in South Africa has enabled the South African producers to push through price increases this year as stainless steel production has recovered and as the value of the South African rand has risen against the dollar.

    And in April 2006 Russian steel maker Evraz has agreed to buy US vanadium producer Stratcor in a deal worth $110 million. Vanadium is an important input into carbon steel, especially in tool steels, and Evraz lacked its own ability to produce vanadium. The company has said that it was interested in a "strategic exposure of the company to attractive markets of high-valued vanadium products."

    Source: Platts

If you cannot find the information you are looking for, in this page then simply go to our
Ask An Expert page and submit your question.