November 2014

STEEL VS AL: Aluminium capacity concerns Chrysler

Chrysler Group LLC may be looking to establish significant supply contracts with domestic aluminium producers, but the automaker is playing down utilisation plans because of near-term capacity concerns, according to several industry analysts.

Nickel pig iron price rises from year-low, ore price stable

The price of nickel pig iron moved up this week in China, as sentiment improved on increased trade and government-mandated production cuts.

Aperam appoints new chief operating officer for South America

Stainless steel group Aperam has named Frederico Ayres Lima as chief operating officer of Aperam Stainless & Electrical Steel South America.

EU grade-304 stainless raw materials index drops $22

Steel First’s raw materials index for European grade-304 stainless steel fell by $22.25 per tonne week-on-week on Monday November 10.

DLA sells ferro-chrome for $4.43M

DLA Strategic Materials sold ferro-chrome to four companies for a combined $4.43 million in October.

EU stainless steel base prices stable as destocking continues

The European stainless steel market has seen active trading as stockholders seek to offload old material and buy new stocks at lower prices, sources told Steel First on Friday November 7.

Aperam more than doubles Q3 earnings

Stainless steel group Aperam more than doubled its third-quarter earnings year-on-year, on higher prices across its product range, the company said late on Thursday November 6.

Brazil rejects request to 'reconsider' AD tax cut on electrical steel

Brazil’s foreign trade chamber, Camex, has rejected a request from Aperam Inox América do Sul to “reconsider” reducing to zero an anti-dumping tax on imports of non-grain-oriented (NGO) electrical flat steel.