April 2014

Limited ore stocks push Chinese stainless mills to accept high NPI prices

Chinese nickel pig iron prices continue to soar with steel mills left with no choice but to increase their purchase prices amid high offers from smelters and limited supply, market sources said.

China’s spot stainless coil prices jump on strong nickel, sentiment

China’s spot stainless coil prices surged this week on strong nickel prices and bullish market sentiment.

Farinia Group joins Gerdau in bidding for Ascometal

The Farinia Group has made a bid for special steel maker Ascometal, the France-based company told Steel First on Wednesday April 16.

Nickel ore offers to China jump

Miners in the Philippines are offering nickel ore at higher levels to Chinese buyers, amid gains for the metal on the London Metal Exchange and limited supply.

BHP Billiton’s nickel output down in March quarter

BHP Billiton’s nickel output in the March quarter was down 19% year-on-year amid planned maintenance at Cerro Matoso in Colombia and Nickel West Kwinana refinery in Australia.

Taigang's export prices for June shipment 300-series up by $200

China’s largest stainless steelmaker, Taigang, increased its export prices for June shipments of 300-series products by $200 per tonne in response to costlier nickel.

Outokumpu sees global demand, volumes improve in Q1 2014

Finnish stainless steel producer Outokumpu has seen better demand and volumes for its products globally, as well as improvement in prices, ceo Mika Seitovirta said on Monday April 14.