December 2001

Thyssen buys out Tad stake in Terni

Stainless steel distribution group Tad Metals has sold its 10% stake in Italian stainless mill Acciai Speciali Terni to ThyssenKrupp Steel which now owns 100% of the company.

Chinese special steel mill starts up new billet caster

China's Daye Special Steel Co is looking to start commercial production tomorrow at its newly commissioned continuous billet caster.

Sail threatens to close Salem

The board of Steel Authority of India says it will close its Salem Stainless Steel Plant if employees prevent due diligence at the plant

India slaps duties on CR stainless from four countries

The Indian Government has levied provisional anti-dumping duty on cold rolled stainless steel products imported from the USA, Japan, Canada and the EU

Sonaco wins arbitration against Kuznetsk Ferroalloys

Swedish trading company Sonaco Trading was today awarded $2.7m from Russian ferro-silicon producer JSC Kuznetsk Ferroalloys.

Taiwanese stainless mills aim for recovery

Taiwanese stainless steel mills are awaiting a recovery in prices in 2002 as Chinese import tariffs fall following the country's formal entry into the WTO.

Ulbrich Stainless buys flat wire division

In an effort to expand its precision capabilities, Ulbrich Stainless Steels & Special Metals of North Haven, Connecticut has acquired the flat wire division of Steel Heddle Inc of Greenville, South Carolina.

North American Stainless plans move into longs

North American Stainless is to move into the production of bar and rod at its works in Kentucky.

Allegheny cuts stainless melting capacity

Allegheny Technologies confirmed it will permanently idle its Houston, Pennsylvania stainless steel melt shop, eliminating nearly 250,000 short tpy of melt capacity and affecting about 220 hourly and salaried workers.

OECD confirms December steel talks

The steel committee of the Organisation for Economic Cooperation and Development (OECD) will meet in Paris on December 17 and 18, the OECD confirmed on Monday.