December 2003

Allegheny Ludlum to raise nickel surcharge

Allegheny Technologies Inc. (ATI), Pittsburgh, said its Allegheny Ludlum Corp. unit is revising the raw material surcharge formula for all its stainless and tool steel products effective Jan. 4.

Shanghai Baosteel, Nisshin formally launch Ningbo expansion

Shanghai Baosteel and its key Japanese partner Nisshin Steel have formally commenced construction on the fourth-stage expansion at Ningbo Baoxin Stainless Steel that should see the Sino-Japanese joint venture become China’s largest stainless CR facility and one of the largest worldwide

Floods knock out 30,000 tpm of stainless at l’Ardoise [UPDATE]

Severe flooding in the southeast of France has brought stainless steel production at Ugine & ALZ’s l’Ardoise mill to a halt.

Tulachermet cuts vanadium production 27 percent

Overall output of vanadium products at Russia’s Tulachermet is expected to fall by 27 percent in 2003 compared with 2002, traders report.

US tube producers boost prices

US steel tube producers have reacted to rising natural gas costs by increasing prices for their products.

ASD takes over Vernon Stainless

ASD plc, a division of KlÖckner UK, has rescued stainless steel and aluminium stockholder Vernon Stainless from administration.

John Parker and Son buys local distributor

UK steel stockist John Parker and Sons Ltd last week acquired local south England distributor CBA Metals.

Producers settle for 7 cent increase on charge chrome

Contracts for the supply of charge chrome in the first quarter of 2004 are due to be agreed at around 57 cents per lb, an increase of seven cents per lb on fourth-quarter prices, producers report.