May 2003

Chinese ferro-moly rises on tight concs supply

Chinese exporters have nudged ferro-molybdenum prices upwards in response to heightened market anxiety from the supply difficulties in Liaoning province.

Valbruna only suitor for Acroni

Italian stainless longs producer Acciaierie Valbruna is the only bidder for Slovenia’s Acroni Jesenice.

Böhler-Uddeholm advances in adverse market

Böhler-Uddeholm, the Austrian speciality steel maker, has reported a modest increase in 1st quarter earnings before tax, up 6% to €21.1m from €19.9m in 2002.

Chinese zinc producer plans nickel expansion

China's Shaanxi Xingwang Zinc Industry Co is planning to build a new 5,000 tpy nickel smelter in Xi-an, the provincial capital of Shaanxi.

Ferro-molybdenum prices rise on supply shortage

Ferro-molybdenum prices continue to climb in a thinly traded market thanks to a shortage of material.

Chambishi purchase due by the end of May

J&W Holding is on course to complete its acquisition of Zambian cobalt and copper producer Chambishi Metals by the end of May.

Noble Group warns of SARS fallout

Noble Group, the Hong Kong-based commodities trading house, has warned shareholders that the effects of the SARS virus may yet impact its business in China.

China prepares to activate revised import quotas

The Chinese steel market is approaching a crucial two-week period that could well determine import patterns for the remainder of the year.

Greenlight for Carlam stainless

Arcelor’s board of directors gave the long-awaited go-ahead May 15 for “the implementation of the construction project for a new steel shop upstream of the Carlam hot rolling mill in Charleroi, Belgium” (MB Mar 27 and Jan 30).

China closes Liaoning mines for one month after disaster

A government ban on all mining activity in China’s Liaoning province following the recent accident at the Yangjiajiangzi mine near Huludao has driven Chinese ferro-molybdenum upwards again.