October 2003

Online purchase surprises European vanadium market

The European vanadium market has been relatively quiet this week, although some market sources were surprised at reports of a low-priced sale to one end-user.

Norwegian ferro-alloys producers face winter power hikes

For the second winter running reservoirs in Norway are failing to fill up with water, threatening the county’s ferro-alloys industry with another shortage of hydroelectric power generation.

Böhler gets €130 million EIB loan for expansion

Austrian alloy steel producer Böhler-Uddeholm AG has secured a 130 million euro loan facility from the European Investment Bank

China confirms cuts to export tax rebates

China has confirmed its intention to trim export tax rebates across the board from January 1 2004.

Titanium eyeing growth in non-aero markets

A delay in the projected recovery of titanium's largest end-use market has postponed the outlook for a significant upturn by at least another year, although global markets for non-aerospace industrial products could recover before then.

Shieldalloy agrees to pay $70,703 penalty to EPA

Shieldalloy Metallurgical Corp. has agreed to pay a $70,703 penalty to the US Environmental Protection Agency for hazardous waste violations at its Metallurg Vanadium plant in Cambridge, Ohio, from 1999 to 2000.

New duplex stainless bar from Sandvik

Sandvik Materials Technology has developed a duplex stainless steel bar with greatly enhanced machinability, the company claims.

Rusal plans sale of its silicon and ferro-silicon business

Russian Aluminium has confirmed it is selling its ferro-silicon and silicon businesses as part of a plan to divest non-core operations.

JFE raises electrical steel prices

JFE Steel has tabled demands for a price rise of ¥5,000 per tonne for non grain-oriented electrical sheets, and ¥10,000 per tonne for grain-oriented.

New 'soft' aid package proposed for Trinec

A new plan offering steelworks Trinecke Zelezarny more than 2 billion koruna ($73 million)worth of “soft” state aid has been submitted to the Czech anti-monopoly office for approval