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Category: News

European Nickel-Bearing Stainless Surcharges Set to be Lower for November

Monthly alloy surcharges on nickel-bearing stainless steel flat-rolled products in Europe are set to fall for the first time in six months in November, the first mill announcement indicated Oct. 21. Finland’s Outokumpu, the continent’s largest stainless

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EU Skips India/Indonesia Stainless Duty, Imposes Electrode Duty

The EU has decided not to impose anti-subsidy duties on imports of stainless steel cold-rolled flat products originating in India and Indonesia. This goes against the expectations of European steelmakers’ association Eurofer. In May, the EU imposed

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European Stainless Flats Shortage Pushes Prices up Again

Tight European stainless steel hot and cold rolled coil supply is worsening amid slow sheet and coil derivative deliveries. Prices are increasing again on account of costly nickel and alloy surcharges, ferrochrome and other raw materials, market participants

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Worldsteel Short Range Outlook October 2021

The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand will grow by 4.5% in 2021 and reach 1,855.4 Mt after 0.1% growth in 2020. In 2022, steel demand will

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CBI & 41 Trade Associations Issue Statement on Business Rates, Saying Action on Investment Needed at Budget

Ahead of COP26, employers representing more than 261,000 businesses and nine million employees say business rate reform essential for green investment The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement outlining

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BEIS Statistics 21 October 2021

The Department for Business, Energy & Industrial Strategy (BEIS) has today released the following statistics: Green Homes Grant vouchers – read the statistical release Green Homes Grant Local Authority delivery – read the statistical release

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BEIS Bulletin

Here’s the latest news from BEIS: New Net Zero Strategy for decarbonising the UK economy Ahead of the COP 26 summit next week, the Government has published a Net Zero Strategy setting out how the UK will reach net zero emissions by 2050. The Strategy

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Times Letter – Energy

Dear Metals Council Colleagues, Following our meeting on Wednesday, the strength of feeling with regard to energy and the unfair portrayal of our industry as ‘badly managed’, prompted me to write a letter to the Times as Chair of the UK Metals Council. 

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BEIS Statistics 14 October 2021

The Department for Business, Energy & Industrial Strategy (BEIS) has today released the following statistics: Renewables obligation: certificates and generation, June 2021 – read the statistical release For details of forthcoming statistical

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Recovery Loan Scheme (RLS) Concerns

With the ongoing issues regarding supply chain challenges, wage inflation and supply costs, increasingly the mind turns to cash flow. As the crisis continues, we could start to see businesses leaning on payment terms and other pressures emerging with knock on

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