Stainless & special steel

Chinese nickel pig iron production may drop significantly in June
May 23, 2012 - 10:45 GMT
Chinese nickel pig iron producers may significantly cut production from June on persistently weak demand from the stainless steel sector and expectations that nickel prices will slide further, market participants told Metal Bulletin.
European Commission to investigate Inoxum-Outokumpu merger
May 22, 2012 - 11:10 GMT
The European Commission has opened an antitrust investigation into the proposed €2.7 billion ($3.45 billion) merger of stainless steel makers Inoxum and Outokumpu, it said on Tuesday May 22.
Tata Steel's annual earnings hit by European slowdown
May 18, 2012 - 16:46 GMT
Tata Steel’s financial results for the fourth quarter of its 2012 financial year (January-March 2012) fell year-on-year, with its European operations weighing down results.
Chinese molybdenum conc prices hit three-year low
May 16, 2012 - 08:04 GMT
Chinese molybdenum concentrate prices fell again this week after sellers cut offers still further, with prices reaching their lowest level since June 2009.
Taigang cuts July stainless steel export offers
May 15, 2012 - 10:56 GMT
Taigang Stainless has cut its 300-series stainless export offers for July deliveries by $50 per tonne, tracking falling nickel prices and a weak Asian market.

More stainless & special steel

May 24, 2012 15:56 Xinan Stainless enlists NSSC, Sumitomo to set up stainless CRC plant
May 23, 2012 14:57 NAS cuts stainless extra for June
May 23, 2012 14:43 Chinese tungsten ore output drops 8% in April
May 23, 2012 11:10 CHINA STEEL WRAP: Rebar prices at seven-month low
May 23, 2012 10:45 Chinese nickel pig iron production may drop significantly in June
May 23, 2012 00:47 Temco restart may crimp US manganese alloy tags
May 22, 2012 23:07 AK Steel follows drop in most stainless extras
May 22, 2012 13:31 Cognor predicts stability for Q2 despite Greece concerns
May 22, 2012 12:36 Cognor's Q1 earnings fall though improved prices boost revenues
May 22, 2012 11:10 European Commission to investigate Inoxum-Outokumpu merger
May 22, 2012 10:29 German steel trader Heine + Beisswenger sets up Dutch subsidiary
May 22, 2012 08:44 Baosteel raises ferro-chrome prices for June
May 22, 2012 06:51 China nickel ore imports near 4.8m tonnes in April
May 22, 2012 06:17 BHP decides Temco manganese plant is still viable
May 22, 2012 02:37 ATI trims stainless surcharges for June
May 22, 2012 00:25 ATI lowers July electric steel extra; AK stays flat
May 21, 2012 17:33 ELG Haniel Metals’ 2011 profits fall on lower nickel prices, scrap demand
May 21, 2012 16:49 Kentucky Electric Steel parent’s earnings surge as it mulls relisting its shares
May 21, 2012 11:07 Sandvik opens world’s biggest stainless steel tube mill
May 21, 2012 11:03 China’s ferro-chrome imports drop almost one-third in April
May 19, 2012 21:22 US ferrosilicon prices tumble on aggressive selling
May 19, 2012 20:58 US moly prices weaken on supplier nervousness
May 18, 2012 16:46 Tata Steel's annual earnings hit by European slowdown
May 18, 2012 13:55 UK 18/8 stainless scrap solids prices drop as business tails off
May 18, 2012 13:15 Currency, falling nickel price puts pressure on European stainless flats
May 18, 2012 00:58 North American stainless steel usage rose in February, imports fell
May 17, 2012 13:55 Zimbabwe to relax chrome ore exports ban
May 17, 2012 07:19 Taigang unexpectedly starts June ferro-chrome purchases
May 17, 2012 06:47 Taigang Stainless cuts June steel prices for a third month
May 17, 2012 00:40 US Lawmakers object to EPA’s ferroalloy rules
May 16, 2012 08:04 Chinese molybdenum conc prices hit three-year low
May 16, 2012 04:00 China Molybdenum gets approval for IPO in Shanghai
May 16, 2012 00:47 NAS awarded FTZ status at Kentucky facility
May 16, 2012 00:26 US DLA offers 700 tons of low-carbon ferrochrome
May 16, 2012 00:18 Stainless steel merger will be completed by year’s end, ThyssenKrupp says
May 15, 2012 13:25 ThyssenKrupp's H1 earnings fall 69% year-on-year
May 15, 2012 10:56 Taigang cuts July stainless steel export offers
May 15, 2012 02:15 ThyssenKrupp Stainless USA in talks with stainless scrap suppliers
May 14, 2012 10:43 Iran's crude steel output up 15% as it strives for self-sufficiency
May 12, 2012 03:21 Cheaper scrap pulls down US SBQ transaction prices

[more]


Daily Metal Bulletin Ferrous scrap Index HMS 1&2 (80:20 mix) $ per tonne cfr Turkey	425.26
Metal Bulletin Ferrous Scrap Index shredded $ per tonne cfr India	476.28
Metal Bulletin Ferrous Scrap Index HMS 1&2 (80:20 mix) $ per tonne fob Rotterdam	410.21

Comment & analysis

SPOTLIGHT: China stokes Japan-Korea steel rivalry

The annual talks between top steel executives from China and Japan on Friday in Tokyo are likely to be used as an opportunity to moan about common enemies
COMMENT: Beware of pulling a dragon by its tail

High-profile trade disputes, like the WTO raw materials case, are more complex than the jingoism which accompanies them, and trade policy more schizophrenic than political rhetoric suggests
***SPOTLIGHT: Regulation risk sends juniors on hunt for new heartlands

Junior miners are increasingly moving away from resources heartlands including Canada, South Africa and Western Australia and are becoming more prepared to work in developing countries where governments offer favourable terms that will attract investment, delegates at this week’s Mines and Money conference in Hong Kong told MB

Previous Next

Mb Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Poll of the week

To what extent has the handling of the MF Global bankruptcy, UBS’ rogue trading scandal and now JP Morgan’s harpooning of the London Whale damaged your confidence in the City as a global financial hub?

Not at all – these events could have happened anywhere
Slightly – large losses and the slow recovery of client cash suggest the regulatory framework could be stronger
Moderately – These events show global banks are using London to take risks they couldn’t take anywhere else
Drastically – I’ll be in Singapore by the end of the week