March 2003

BB&T wants to join suit against Highlanders

Highlanders Alloys LLC, New Haven, W.Va., finds itself facing yet more court action, with Branch Banking & Trust Co. (BB&T) seeking to enter a lawsuit initiated against Highlanders by the West Virginia Department of Labor.

Ferro-silicon market stable at higher levels

The ferro-silicon market has flattened out after an intense period of upward movement.

Ispat Alloys aims to restructure debts

Ispat Alloys, part of Lakshmi Mittal’s Ispat group, is planning a financial restructuring to reduce the interest burden on its debt.

DNSC to offer tungsten daily via online system

Metal merchants sourcing tungsten ores and concentrates from the U.S. Defense National Stockpile Center (DNSC) soon will be able to purchase the material on a spot-market basis under a new online, interactive sales method the government agency is offering for the first time.

Tulachermet-Vanadium dispute stops production

Production at vanadium producer Tulachermet-Vanadium has been at a standstill since early March, an official at the Russian plant told MB.com.

Billet prices soften in China

Overstocking in China and Southeast Asia has led to a softening in billet prices in the region.

Yusco targets stainless market in southern China

Taiwanese stainless steelmaker Yieh United Steel Co (Yusco) is looking to expand its presence in mainland China.

Tang Eng steps up search for stainless investor

Taiwan’s Tang Eng Iron Works is lining up a number of potential buyers — among them Yieh United, China Steel Corp and Formosa Plastics — for its stainless steel business.

ITC mulls ferro-silicon duty-free chromium plea

Considar Inc. and TNC Kazchrome are petitioning the U.S. International Trade Commission (ITC) to ensure the duty-free status of ferrosilicon chromium imports from Kazakhstan.

Zlatoust adopts restructuring

The board of directors of the ailing Zlatoust Iron & Steel Works has adopted a restructuring programme