May 2003

Yusco delays Chinese stainless project on SARS fears

The spread of the SARS virus in China has delayed the development of Yieh United Stainless Steel’s plan for a new 300,000 tpy stainless cold rolling mill in Huangpu, Guangdong province.

China grants second wave of import safeguard exemptions

China has issued another wave of exemptions from its import safeguard programme as it prepares to introduce the second phase of tariff-rate quotas from May 24.

Stainless prices fall in East Asia [UPDATE]

The effects of the SARS virus and an oversupplied market have dragged down Taiwanese stainless prices and prompted Tang Eng and Yusco to consider lowering prices for June orders.

Stainless in East Asia falls on SARS fears and oversupply

The effects of the SARS virus and an oversupplied market have dragged down offers for Taiwanese stainless flat rolled imports to China.

Indian manganese alloy producers increase capacity

Indian manganese alloy producers are trying to expand or reopen capacity, buoyed by good domestic and export demand and higher prices.

FeCr talks indicate 20% quarterly increase

South African ferro-chrome producers have started quarterly negotiations with European consumers amid speculation that they could secure an increase of some 20%.

Workers protest at Arcelor cuts at Isbergues

French workers have demonstrated against Arcelor’s planned closure of the steelmaking facilities at Isbergues, with the loss of 400 jobs

Echeng defers start-up of special bar mill

China’s Echeng Iron & Steel has deferred the start-up of its 500,000 tpy special steel bar mill until the end of the year.

BHP Billiton to pay former ceo over £4m

BHP Billiton is to pay its former ceo Brian Gilbertson over £4m in a settlement over his departure from the resources group.

Chengde Xinxin raises funds for Ti, V expansions

China’s Chengde Xinxin Vanadium & Titanium Co is diversifying into titanium production and expanding vanadium capacity following its successful share placement on the Shanghai and Shenzhen stock exchanges last year.