June 2014

China’s spot stainless prices fall on tight cash flow, weak demand

China’s spot stainless steel prices fell this week on tight liquidity and sluggish demand in the market.

Moly leads noble alloys lower as traders undercut producers

Molybdic oxide prices bore the brunt of a noble alloys price slump on Wednesday June 25, as traders undercut producers with cheap offers to generate cash.

China’s nickel ore imports down 36% in May

China’s nickel ore imports fell 35.9% in May year-on-year, due to the continued impact of the Indonesia ban, while volumes surged on a monthly basis as soaring prices encouraged miners in the Philippines to increase exports.

Switzerland's Montanstahl plans Sri Lanka stainless shapes facility

Swiss stainless steel shapes maker Montanstahl’s first ever plant in Asia is likely to be set up in Sri Lanka, the company told Steel First this week.

China's chrome ore imports slump in May on weak FeCr market

China’s imports of chrome ore dropped 25.7% in May year-on-year as persistent low price of ferro-chrome in the local market restrained smelters to buy ore.

Baosteel Stainless cuts domestic 300-series prices for July

Baosteel Stainless has lowered its domestic 300-series prices by 2,000-2,500 yuan ($324-406) per tonne for July, tracking the weakening nickel and spot stainless steel markets.

Germany's Edelstahlwerke completes $68m secondary steelmaking investment

German stainless steel producer Deutsche Edelstahlwerke has completed a €50 million ($68 million) upgrade of its secondary steelmaking operations in Witten, Germany.

China’s stainless flats exports remain high in May

China’s stainless steel flats exports remained high in May on solid booking numbers from European countries.