October 2001

Rising imports challenge Taiwanese stainless prices

Increasing competition from European mills could exacerbate the slump in East Asian stainless prices, which are already suffering from slow demand.

Mixed bag for US stainless mills in 201 case

While members of the US stainless steel industry are pleased with the International Trade Commission's Section 201 ruling that imports seriously injured domestic producers of long products, a negative vote on stainless cut plate could lead to the filing of additional anti-dumping cases.

Prices for noble alloys still decreasing

Noble alloy prices in the USA continue to fall in late October as traders and producers attempt to offload material to buyers already replete with stocks, observers said.

Stainless slump forces four-week closure at ALZ

Belgian stainless producer ALZ will shut down for a total of four weeks in November and December due to poor prices and demand.

Hillside and Bayside strike blocked

The strikes planned today for BHP Billiton's Hillside and Bayside aluminium smelters in South Africa have not started, after the company yesterday obtained an interim injunction against the planned protest.

Shanghai Krupp Stainless starts trial production

Trial production has started at Shanghai Krupp Stainless (SKS), the Sino-German joint venture between the Baosteel Group's Shanghai Pudong Iron & Steel and Krupp Thyssen Stainless.

Usinor calls AK Steel lawsuit 'retaliatory'

Usinor has attacked a lawsuit filed by AK Steel last week, claiming that AK actually intends to delay a preceding lawsuit by Usinor filed in the US.

ALZ to close for four weeks as prices slump

European stainless flats producer ALZ will shutdown for a total of four weeks in November and December due to poor prices and demand, executives told MB.com.

Vizag holds tender to buy FeMn

India's Vizag Steel has issued a tender to buy medium carbon ferro-manganese with a minimum manganese content of 74% and a maximum carbon content of 1.5%.

Elkem weathers market downturn

Elkem's product shipments in the third quarter were affected by the economic slowdown, but its financial results were supported by cost reductions and production cutbacks.