September 2003

Globe sheds Fesil stake to settle dispute

Norway’s Fesil has forced fellow U.S. silicon producer Globe Metallurgical to give up its 40 percent shareholding in order to settle a longstanding legal dispute over a power contract.

Yusco advances Chinese stainless expansion

Taiwanese stainless steel maker Yieh United Stainless Steel Co. (Yusco) has struck several agreements with international plantmakers for the supply of a hot rolling mill, casting facilities and melt shop to its new plant in mainland China.

Xstrata profits drop 32 percent on weak dollar, commodity prices

Xstrata has reported net profits of $75.2 million for the period ending June 30, a drop of a 32-percent drop on the $112.9 million seen in the same period one year earlier.

Chang Fu Stainless boosts coil processing capacity

Japanese trader Hanwa Co and Nisshin Steel are about to undertake a further expansion of their coil centre in China, Chang Fu Stainless Steel Center, lifting capacity from around 10,000 tpm at present to 15,000 by next Apri

EU places duty on stainless sheet products

The European Union has imposed preliminary duties of 20.6 percent to 25 percent on imports of certain cold rolled stainless sheet products from the U.S.A., mainly 400-series grades used in auto exhaust systems.

EU imposes AD duty on U.S. ferritic stainless imports

The European Union has imposed a duty of 25 percent on imports of certain cold rolled stainless steel products from the U.S.A.

Australian market cannot support Hunter Specialty Steel [UPDATE]

A study commissioned by Austrian special steelmaker Breitenfeld Edelstahl and Australia's Boulder Steel has found that the Australian special steel market is too small to support the 240,000 tpy Hunter Specialty Steel Project

End of strike clears way for Columbus investment

The two-week strike at Columbus Stainless’ plant in Middelburg ended on Monday, and Numsa members are now all working again.

Taiyuan invests in new pickling line

China’s Taiyuan Iron & Steel has added a new hot annealing and pickling (AP) line as part of the company’s broader stainless cold rolling expansion to raise capacity to 400,000 tpy, from 160,000 tpy currently.

J&W Investment signs outline agreement for Ramcoz

Swiss-based mining group J&W Investment has signed a memorandum of understanding with the government of Zambia as it continues in its efforts to acquire the assets of bankrupt copper-cobalt miner Roan Antelope Mining Corp (Ramcoz).