Steel prices are expected to reach £1000 a tonne by the end of the year, according to a survey carried out by the Federation of Environmental Trade Associations among a hundred member companies of the Association of Ductwork Contractors & Allied Services — a rise of 50% in just 12 months. The survey also found that while prices had risen by about 20% since December, they were expected to soar by over 30% in the following six months. There is also no sign of when the upward trend will peak. Paul Roxburgh of ADCAS, says, ‘This is a problem that affects the whole industry, and one that requires a collective response. ‘We will be working with our colleagues in the contracting sector to make sure that there’s a realistic approach to increased costs — particularly in the context of long-term fixed-price contracts.’ ADCAS is also to boost its efforts to boost efficiency, such as encouraging the use of only standard sizes for spiral ductwork and components.

Tags: associations components contracts hvac steel trade on 07-21-2008 -Cached -About Shared by:Emil Milker

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As China's economic lifeline, the iron and steel industry used to be a black smoke maker and blue-sky killer in the eyes of many people. In 2007, SO2 emissions by China's large and medium-sized steel and iron enterprises were estimated at 756,368 tons, down 0.51 percent year-on-year. And the discharge of industrial coal ash was 382,275 tons with a 2.79 percent decline. Otherwise, soot discharges increased 3.02 percent, totaling 156,648 tons. The Long March of environmental protection and energy efficiency for China's steel and iron enterprises is still challenging, though many in the iron and steel industry have launched a green revolution in order to improve their old image. Wuhan Iron and Steel (Group) Corp (WISCO) is one such environmental protection warrior. As China's thrid largest steel and iron manufacturer, WISCO used to be a major polluter in Wuhan, capital of Hubei province. Many residents complained and criticized the firm, joking that sparrows would turn black after flying over WISCO's mills.

Tags: capacity copper demand green iron steel technology on 07-21-2008 -Cached -About Shared by:Emil Milker

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The future of Tata's forthcoming Nano - the cheapest car in the world - could be jeopardised by rising steel prices.

Tags: automotive india price steel on 05-29-2008 -Cached -About Shared by:Colin Bennett

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China Steel Australia plans to at least triple its nickel pig iron production capacity through a $92 million expansion of its Linyi plant in China’s Shandong Province. The company, which services the domestic Chinese market, today announced that fixed price building contracts had been signed for the plant expansion, with production scheduled to commence in January, 2009.

Tags: capacity china steel on 05-01-2008 -Cached -About Shared by:Colin Bennett

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Tokyo Steel Manufacturing Co. has halted exports with the strong yen and soaring steel scrap prices cutting into profit.

Tags: steel trend on 04-04-2008 -Cached -About Shared by:Colin Bennett

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