December 2003

NSSC raises Ni-stainless price

Nippon Steel & Sumikin Stainless Steel Corp (NSSC), the joint venture launched by Nippon Steel and Sumitomo Metal Industries on October 1, has announced a ¥10,000 per tonne price increase for SUS 304 sheets and heavy plates for December contract/February shipment

Stratcor boosts ferro-vanadium prices by 50 cents per pound

Ferro-vanadium prices in the USA and Europe have been edging higher due to strong demand and some tightness in the market, sources said.

Silico-manganese Q1 prices rise

Silico-manganese contracts for the first quarter of 2004 are being set between €580-620 per tonne, producers and traders report, with negotiations expected to be finalised in the next few days.

China sets out new export regulation for moly products

China is considering introducing a new regulation aimed at regulating the flow of molybdenum-related products from the country, by demanding that from January 1, 2004, an export certificate accompany all moly-based commodities for export.

Assmang’s Nchwaning No 3 to come on-stream in 2004

Assmang's No 3 mine at its Nchwaning site in South Africa's Northern Cape province is due to start producing manganese ore in 2004, the South African miner said.

Reshuffle at AvestaPolarit

Karri Kaitue, current president of AvestaPolarit’s coil products division, has been appointed as executive vice president responsible for strategy and business development, investor relations and communications for the Outokumpu group

Chapter 11 exit near as Perry clears Republic snags

The final hurdles to Perry Strategic Capital's $245 million bid to buy Republic Engineered Products and lead it out of Chapter 11 bankruptcy protection were cleared on December 11.

Standard stainless to be phased out at Ugitech

Production of standard stainless steels at Arcelor subsidiary Ugitech’s Imphy plant in France should be stopped in favour of alloy and special steels, the company announced on December 11.

Belgian unions keep pressure on Arcelor

With the approach of the December 19 meeting between the unions, Walloon government and management, the tension among Arcelor’s Belgian steelworkers is mounting.

Fire at West Virginia coal mine sparks steel surcharge

WCI Steel Inc., Warren, Ohio, will implement a $40-per-ton surcharge on all steel shipments Monday due to a chain of events starting with a fire at a West Virginia coal mine.