April 2003

DLA seeks feedback on tantalum sales

The US Defense Logistics Agency is seeking industry comments on various proposed terms for tantalum offerings under its basic ordering agreement (BOA) format.

Sumitomo invests in Chinese auto components plant

Sumitomo Metal Industries (SMI), in partnership with the Sumitomo Corp, has announced plans to construct a plant in Huzhou, Guangdong province, to produce forged crankshafts for automotive engines.

Shandong Shiheng to launch special steel output

China’s Shandong Shiheng Special Steel Co is to invest over 300m yuan (US$36.2m) in a 500,000 tpy wire rod mill for its works in Shandong province.

India hikes chrome ore export prices

India's state-owned Metals & Minerals Trading Corp (MMTC) has increased export prices for chrome or e by $10 per tonne, following rises in high carbon ferro-chrome prices.

Chinese ferro-silicon prices ascend towards $650

Rocketing Chinese ferro-silicon prices are showing no signs of settling, as traders report an additional $15-20 per tonne rise in spot offers over recent days.

Attempt to keep EU stainless firm gets limited support

Buoyancy in the EU stainless market early this year, which was attributed to restocking, prompted Arcelor and AvestaPolarit UK to announce price rises which they claim to have stuck

BHP Billiton to raise $750m from first global bond issue

BHP Billiton is to raise $750m from issuing its first global bond, and will use the proceeds to repay the company's existing debt.

Elkem restarts 40,000 tpy of idled FeSi capacity

Norway's Elkem announced today that it will restart ferro-silicon production at its Thamshavn plant at the end of April.

JMC to stick with ferro-alloys after restructuring

Japan Metals & Chemicals has submitted a corporate rehabilitation plan to the Tokyo District Court with which the one-time leading ferro-alloys producer hopes to ride out its present financial difficulties.

Korean stainless bar makers lodge dumping complaint

Five stainless round bar makers, including Changwon Specialty Steel and Baemyung Metal, have filed an anti-dumping suit with the South Korean government alleging that stainless bar imports from India, Japan and Spain have damaged their business.