December 2003

CES warns customers of shortages in 2004

Spiralling scrap prices have forced Corus Engineering Steels to warn all its customers, at home and abroad, that next year it may have to start reviewing every month the scrap surcharges it levies, and to restrict deliveries of finished products.

No cutbacks planned – Elkem

Norwegian ferro-silicon producer Elkem has denied market rumours that it is planning to shut down one of its furnaces over the winter.

Allican smelter in Quebec finds partner in Asia

Allican Resources Inc. has signed a letter of intent with an unnamed chromite ore producer to provide supplies and investment for its planned low-carbon ferrochrome smelter in Quebec.

Ferromanganese supply crimp seen spilling into 2004

Manganese prices moved higher this week in an active market as tight supply conditions are seen extending into 2004.

Green issues put Carinox on hold

Arcelor’s plan to build a 1 million tpy stainless steel meltshop – known as Carinox - at Carlam, Belgium has been frozen, the company has said.

Wogen profits from Chinese growth

Wogen Group Ltd reported that its net profit before tax rose 500 percent to £3 million ($5.3 million) in the year ended September 30 2003 on a turnover of £95 million.

Chinese moly producers meet deadlock in pricing structure talks

Chinese molybdenum producers have failed to reach an agreement over plans to set an export-price fixing mechanism following a three-day conference held this week by China Chamber of Minmetals & Chemicals Import & Export Co.

Third tender for Huta Baildon sale could come next week

A third tender for the sale of the rolling mill at Poland’s idle Huta Baildon could be announced as early as next week

Low carbon ferro-chrome breaches 70 cents per lb

Low-carbon ferro-chrome prices are rising beyond 70 cents per lb, representing its highest price levels since the spring of 1999, as stainless steel mills increase orders.

Danieli to supply new billet caster to NAS

The new billet caster ordered by NAS (North American Stainless), part of Acerinox Group, in October 2003 will be ready for start-up by February 2005, according to supplier Danieli.