April 2014

Hebei Steel leaves monthly silico-manganese price unchanged

China’s largest steel mill Hebei Steel is willing to buy silico-manganese for May delivery at the same price as it did this month, ending months of cuts that had dented the alloys and ore market.

Baosteel Stainless cuts ferrochrome price for May

China’s Baosteel Stainless has lowered its purchase price of high carbon ferrochrome for May delivery, sources in China said.

Vietnam set to hold hearing over stainless steel anti-dumping probe

Vietnam will hold a public hearing on June 6 over an anti-dumping investigation on certain cold-rolled stainless steel products from China, Indonesia, Malaysia and Taiwan.

IN DEPTH: Sanctions on Russia move closer to metal companies

Sanctions imposed by the USA on Russian companies and individuals have moved closer to major metal producers including Norilsk Nickel.

Outokumpu expects stainless steel market recovery in Q2

Outokumpu expects demand in the global stainless steel market to recover in the second quarter of 2014, the Finland-based company said on Tuesday April 29.

EU stainless steel alloy surcharges for May up $140-266 on nickel rise

May alloy surcharges for grade 304 and 316 stainless steel sheet and bar in Europe have seen an increase of €101-192 ($140-266) per tonne compared with April.

Outokumpu posts Q1 earnings loss on plant idling costs

Stainless steel producer Outokumpu has reported an earnings loss of €78 million ($108 million) in its first quarter of 2014, mostly due to plant closures in Europe, the company said on Tuesday April 29.

Nickel ore, NPI prices soar in China amid limited supply

Nickel ore and nickel pig iron prices in China are seeing robust gains amid higher offers from miners and NPI producers, sources in China said.