April 2014

China’s spot stainless coil prices up further on tight supply, strong nickel

China’s spot stainless coil prices continued to rise this week after mills facing sharp increases in production costs, limited deliveries to the market, participants told Steel First.

Acerinox reports 30% year-on-year earnings rise in Q1 on better demand

Spanish stainless steel producer Acerinox reported a 30% rise in earnings for the first quarter of 2014 owing to better demand, the company said on Wednesday April 23.

Acerinox chairman steps down for health reasons

The chairman of Spanish stainless steel producer Acerinox has resigned, the company said on Wednesday April 23.

China’s ferro-chrome imports down in March

China’s high carbon ferro-chrome imports fell last month as lower domestic prices resulted in buyers cutting overseas purchases.

China’s manganese ore imports up 10% in March

China’s manganese ore imports were up on a monthly basis in March with some buyers increasing purchases on hopes that prices have bottomed out.

Baosteel Stainless lifts 300-series domestic prices by more than 7%

Major Chinese stainless steelmaker Baosteel Stainless has raised its domestic prices for 300-series products for May by a significant amount to reflect higher production costs.

Schmolz + Bickenbach to sell distribution units

Stainless steel group Schmolz + Bickenbach (S+B) is to sell its distribution units in Germany, Belgium, the Netherlands and Austria as part of a strategy overhaul announced in June 2013.

Taigang’s duplex steel plant comes online

A duplex steel grade plant commissioned by SMS Mevac has come online in China, the German plant technology specialist said on Tuesday April 22.

Stainless steel grade-304 EU raw materials index up by $53

Steel First’s raw materials index for grade-304 European stainless steel has seen a week-on-week increase of $53.03.