December 2014

Import registration measure generates talk in quiet EU stainless steel market

Activity in the European stainless steel market has slowed down ahead of the holiday period, but a recent EU import regulation generated discussion, sources told Steel First on Thursday December 18.

FeCr benchmark falls to $1.08 for Q1 2015

The European charge and high carbon ferro-chrome benchmark has settled down 7 cents or 6% to $1.08 per lb for the first quarter of 2015, the lowest settlement in five years.

East Asian stainless steel prices fall on slack sales, weak nickel

The East Asian stainless steel market continued to dive this week, amid weak bookings and a drop in raw materials prices.

EU to register CR flat stainless imports from China, Taiwan

The European Commission has implemented a regulation requiring customs authorities across the EU to make a register of cold-rolled (CR) flat stainless steel imports from China and Taiwan.

China’s stainless steel prices down as nickel market tumbles

China's spot stainless steel prices have drifted lower as the nickel market tumbled over the first three days of the week.

Baosteel Stainless, Taigang raises export prices for 300-series CRC

Major Chinese stainless steel producers Baosteel Stainless and Taigang have both decided to raise their export prices for their major products.

Schmolz + Bickenbach cancels sale of European distribution units

Switzerland-based stainless and special steel group Schmolz + Bickenbach (S+B) said late on Monday December 15 that it would not be selling its distribution units in Germany, Belgium, the Netherlands and Austria.

Schmolz + Bickenbach cfo Wiecha to step down in February 2015

Stainless and special steel group Schmolz + Bickenbach’s (S+B) cfo Hans-Jürgen Wiecha has decided to step down from the position on February 28, 2015.

China will cut import tax on ferro-nickel

China has indicated it will reduce the 1% import tax it applies to imports of ferro-nickel, cutting costs for importers.

Posco paying $220m to retain control in Vietnamese special steel plant

Posco has announced that it would pay 241.42 billion Won ($218.58 million) for all the shares of Posco SS-Vina, a 1-million-tpy integrated special long steel plant that is close to commissioning in Vietnam.