November 2014

BTG Pactual says commodities already a third of sales, trading revenues

Commodities accounts for about a third of the sales and trading revenues of BTG Pactual Group, with another leg of expansion planned, ceo André Esteves said.

Outokumpu’s stainless market outlook bearish for Q4

Finnish stainless steel producer Outokumpu now expects weaker market conditions at the end of the year than were forecast at the start of 2014, it said on Wednesday November 5.

Outokumpu reports rise in Q3 earnings to $84m

Finnish stainless steel producer Outokumpu has posted positive earnings for the third quarter of 2014 despite a seasonally weak market, it said on Wednesday October 5.

ThyssenKrupp opens automotive supply plant in Changzhou

German steelmaker ThyssenKrupp’s ceo Heinrich Hiesinger opened a new plant for automotive components in Changzhou, China, on Tuesday November 4.

Glencore’s ferro-chrome output up 5% in Q3; nickel up 15%

Glencore’s ferro-chrome production was up 5% year-on-year in the third quarter of 2014 while nickel production was up 15% in the same period, the company said on Tuesday November 4.

Chinese NPI prices remain at year-low

Nickel pig iron (NPI) prices were unchanged this week in China for the first time since October.

Tata Steel develops new range of light high-strength auto steel

Tata Steel Europe has unveiled a new range of high-strength steel for the automotive industry that will reduce the weight of vehicles and increase fuel efficiency, the company said on Monday November 3.