December 2014

TK MetPro signs niobium offtake with Niocorp

ThyssenKrupp Metallurgical Products will purchase 50% of Niocorp’s planned output of ferro-niobium from the Elk Creek deposit in a 10-year offtake agreement, Niocorp said on Monday December 15.

EU grade-304 stainless raw materials index rises despite nickel fall

Steel First’s weekly raw materials index for European grade-304 stainless steel moved up by $7.06 per tonne on Monday December 15.

EU stainless steel distributors await higher January base prices

European stockists are awaiting marginal base price rises for flat stainless steel products in January, as business for the year draws to a close, sources told Steel First on Friday December 12.

Michael Süß appointed ceo of Germany’s GMH Group

Michael Süß will take the position of ceo at German steelmaker and recycling company Georgsmarienhütte Holding (GMH Group) on January 1 2015, the company said on Thursday December 11.

East Asian stainless steel prices down on plunge in nickel market

East Asian stainless steel prices fell this week on a significant weakening of the nickel market.

China’s stainless steel prices up on fluctuating nickel, but demand thin

China's spot stainless steel prices edged up this week amid fluctuation in the nickel market, though participants regard the levels as “bloated” due to an absence of support from the demand side.

Gerdau develops high-strength, low-alloy steel for Brazil's auto sector

Gerdau has developed a new high-strength, low-alloy steel for use in the automotive industry, the Brazilian mill said on Wednesday December 10.

STEEL FIRST OUTLOOK: The economics of European stainless steel

With nickel prices stable for much of the third quarter, before a sharp descent at the start of September, it was little surprise to see Europe’s stainless steel producers report a slowdown in their latest results.

EU grade-304 stainless raw materials index up $24

Steel First’s weekly raw materials index for European grade-304 stainless steel rose by $24.06 per tonne week-on-week on Monday December 8.

EU stainless flat base prices continue to slide

European base prices for grade-304 and grade-316 cold rolled (CR) sheet have fallen by another €20 ($25) per tonne across the range, sources told Steel First on Thursday December 4.