October 2003

Eramet plant faces power threat

Eramet’s silico-manganese unit at Gravelines in northern France may have to close due to escalating power prices, Bloomberg reported citing Agence France-Presse (AFP).

SPCC sees higher output, earnings in Q3

Southern Peru Copper Corp has reported third-quarter net income of $36.1 million, up 151 percent on the $14.4 million it earned a year earlier due higher prices for copper, molybdenum and silver, and higher production of the three metals.

Australia seeks trade agreements with China and USA

Australian Prime Minister John Howard used the visits last week by China’s president Hu Jintao and US president George W. Bush to press for free trade agreements with both nations, which stand to benefit the country's metals producers.

No ferromanganese output increase, Eramet says

French metals producer Eramet SA doesn't intend to transfer ferromanganese output from its soon-to-be-shuttered Comilog plant in Boulogne, France, to other facilities, Reuters reported.

Noble alloys traders await ‘mating season’

European noble alloys traders are reporting little business as they wait for activity to pick up in the coming weeks.

NTK sells idled stainless equipment to China

Japanese stainless steel producer Nippon Metal Industry (NTK) has sold a Steckel mill and a roll polishing machine idled at its Sagamihara works in Kanagawa prefecture, south of Tokyo, to a stainless producer in China.

Acesita rationalises by absorbing service centre

Brazilian stainless steel producer Acesita, part of Arcelor group, is proposing to incorporate net assets and liabilities resulting from the partial spin-off of its 99.99 percent-owned steel service centre subsidiary Acesita Centros de Serviços Ltda, to achieve greater rationalization of administrative and operational costs.

Outokumpu third-quarter profits up

Outkumpu reported a third-quarter profit of €29 million, up from €6 million in the corresponding quarter in 2002.

AvestaPolarit to close Panteg

AvestaPolarit intends to close its Panteg plant in Wales, UK at the end of March 2004, it announced on 23 October.

AvestaPolarit adds z-mill at Sheffield works

AvestaPolarit’s Meadowhall, Sheffield site has recently installed and commissioned a new Sendzimir cold rolling mill for its Precision Strip operations.