BBC NEWS | Business | Material costs ‘hit steel firms’: “Steel production could be cut across the world following a rise in the cost of raw materials,
[…] firms might be forced to concentrate production on the most profitable products if they cannot pass cost rises on to customers.
An increase in the demand for steel in China had forced the cost of raw materials up by 22% last year, it said.
there [is] a ‘real risk of steel shortages developing’. “
Yahoo! News – Brazil, China Planning Steel Mill: “The mill would be located in the northeastern state of Maranhao, and could be expanded to eventually produce 7.5 million tons of steel.”
Here comes the future …. Yahoo! News – Nanotechnology the Science of Small Things: “Nanotechnology, according to its fans, will jumpstart a new industrial revolution with molecular-sized structures as complex as the human cell and 100 times stronger than steel. “
Budapest Business Journal – Article: “Two major manufacturers announced over 100 million in new investments in Hungary last Thursday.
AB Electrolux of Sweden laid the foundation stone of a new plant in Nyíregyháza. Finland’s Nokia revealed plans to significantly increase capacity at its mobile phone factory in Komárom, northern Hungary.”
Yahoo! News – Insolvent Slater Steel agrees to sell Sorel Forge unit in Quebec: “Sorel Forge makes tool-and-die steels, custom forgings and forged steel bars. It has 270 hourly and salaried employees “
Electrolux to close Michigan refrigerator factory – 01/17/04: “… 2,700 jobs … The factory, Montcalm County’s largest employer, will continue operating into 2005. “
AK Steel Announces Stainless Steel Price Increases
ATI Allegheny Ludlum Announces Price Increase for Stainless Steel Products
United States Steel Corporation Reports 2003 Fourth Quarter and Full-Year Results: “To cover unprecedented increases in raw material and transportation costs, the company announced a $30 per ton surcharge on all products effective February 1, 2004, which will remain in effect until further notice. The company also announced additional increases of $50 per ton for hot-rolled products and hot strip mill plate, and increases of $60 per ton for cold-rolled and coated sheet products, effective April 4, 2004.”
Forbes.com: AK Steel raises prices, adds surcharge on steel: “it raised its prices for hot-rolled steel by $50 per ton. Prices for cold-rolled and coated steel were increased by $60 per ton.”