October 2003

Austria could sell off Böhler by end of November

Böhler-Uddeholm was unable to comment on press reports that the Austrian government will complete the company’s privatisation before November 27, but it does hope the state will sell out before the end of the year.

Wardrop may land with $11M golden parachute

Richard Wardrop, the former chairman and ceo of AK Steel Corp, could rake in a severance package in the millions of dollars, perhaps even as high as $11 million, according to one accounting based on the company's most recent proxy statement filing.

Chinese ferro-moly market holds up despite lower concs price

Ferro-molybdenum offers out of China are holding their ground, despite low volumes of business and a price downturn in the moly concentrate market.

Little movement seen in European moly, vanadium markets

European trading in ferro-molybdenum and ferro-vanadium languished again this week, with traders reporting very little business.

DNSC tallies up awards for cobalt, ferro-chrome

The U.S. Defense National Stockpile Center (DNSC), a unit of the Defense Logistics Agency, has announced awards for cobalt, ferro-chrome and tantalum/columbium under its basic ordering agreement (BOA) tenders in September, bringing fiscal 2003 sales of those metals to a close.

Slater's stainless bar woes a bonus for CarTech

Carpenter Technology Corp has the most to gain as Slater Steel exits the stainless steel bar business, according to an industry analyst

Macsteel, Sanyo enter technology transfer deals

Houston-based Quanex Corp's Macsteel engineered steel bar division and Sanyo Special Steel Co have signed agreements for the transfer of technology relating to automotive steel applications

NS Group expects third-quarter loss

US carbon and alloy steel producer NS Group expects to post a loss of about 14 cents per share for the third quarter because of recent market volatility

Stainless steel production rises in 2003

Growing demand from China has pushed the production of stainless steel to an estimated growth rate of 5.8 percent for 2003, according to the International Stainless Steel Forum (ISSF).