July 2003

Molymet plans production increase

Chilean molybdenum producer Molibdenos y Metales (Molymet) plans to invest $17.4 million in a new plant near capital Santiago to wash and treat molybdenum concentrates.

Eramet closes Shaoxing ferro-alloy plant

Eramet has closed its Shaoxing Comilog Ferro-Alloy plant in eastern China, but the closure is not expected to dent the French company’s production of manganese series alloys in China.

Erasteel raises price for HSS

Erasteel, the French high speed steel producer, has announced that it will be increasing the base price of all products in all markets by 4.7 percent from September 1.

J&L may downgrade to a rolling mill

Arcelor is likely to close its furnaces at J&L, its speciality stainless plant in Pennsylvania, the U.S.A., according to the group’s president Guy Dollé

Ferro-vanadium prices firm in Europe

European ferro-vanadium prices have firmed on increased activity in the market.

Korea eliminates import duties on steelmaking raw materials

South Korea’s Ministry of Finance & Economy has eliminated import duties on a slew of energy and steelmaking raw materials ranging from naphtha through to DRI and nickel oxide.

Korea investigates stainless bar dumping allegations

The South Korean government is to investigate complaints by local stainless long product makers that imports of stainless bars and angles from India, Japan and Spain have damaged their business.

Japanese moly auction struggles to attract buyers

Only five companies lodged bids for the molybdenum oxide auctioned by the Japanese government last week. The equivalent of 20.4 tonnes of the total 255.7 tonnes of pure moly oxide on offer was sold.

Tinfos to take over marketing for Finnfjord [UPDATE]

Finnfjord today confirmed that Tinfos Nizi, the trading arm of the Norwegian ferro-alloys company Tinfos, will take over the marketing of Finnnfjord's ferro-silicon output.

Tinfos to take over marketing of Finnfjord's ferro-silicon

Finnfjord today confirmed that Tinfos Nizi, the trading arm of the Norwegian ferro-alloys company Tinfos, will take over the marketing of Finnnfjord's ferro-silicon output.