May 2003

Slovenia ponders bids for Metal Ravne

The government of Slovenia is making a preliminary evaluation of the two bids received for high alloy steel producer Metal Ravne

Indian government invites bids for MOIL

The government of India has invited bids to be submitted for its sale of a 60% stake in Manganese Ore India Ltd (MOIL).

ISSF reduces 2003 forecast, but predicts strong 2004

Production of stainless steel in 2003 will rise by 4% over 2002's 20.09m-tonne output to 20.88m tonnes, according to an estimate issued by the International Stainless Steel Forum

Posco opens third stainless meltshop at Pohang

Posco at the beginning of this month started up a third stainless meltshop at its Pohang works in South Korea

SKS plans to quadruple stainless CR capacity

Shanghai Krupp Stainless (SKS) will raise stainless cold rolling capacity from 72,000 to 290,000 tpy by the end of next year, with the addition of two new CR mills and one annealing and pickling line.

Truck crash stops operations at Chinese moly mine

A privately-owned molybdenum mine in northeast China has ceased operations after a delivery truck slammed into the mining area, resulting in the death of four workers.

Nisshin Steel returns to profit

Record crude steel production of 3.93m tonnes last fiscal year helped Nisshin Steel reverse a ¥17.1bn loss in 2001 to record a consolidated ordinary profit of ¥6.3bn for the year to March 31.

Ferro-vanadium prices weaken

Ferro-vanadium prices continue to soften following the return to production of Tulachermet Vanadium.

Mine closures raise concerns over Chinese moly supply

Chinese ferro-molybdenum prices have edged up another 10-20 cents amid fresh concerns of a concentrate shortfall.

AvestaPolarit set to start cold rolling at Tornio

AvestaPolarit, the stainless steel producer now owned by Finland’s Outokumpu, inaugurated its new cold rolling, annealing and pickling plant, known as RAP, at Tornio on May 7. The plant, which started commissioning in February and which is already producing ‘white’ hot band using just its annealing and pickling facilities, will now start cold rolling too.