October 2001

Vanadium continues to see steady price fall

The erosion of ferro-vanadium prices has continued unabated in Europe, with deals done around 5 cents per kg lower in the past week, mainly in the $7.20-7.25 per kg range.

SPCC sees profits slide

Southern Peru Copper Corp has reported a third-quarter net income of $11.6m compared with $27.8m a year earlier.

Strike halts production at Highveld - Numsa

The sympathy strike at Highveld Steel and Vanadium has completely halted production and workers have been locked out, according to Numsa

Numsa members will support Samancor strike

Numsa has won a court ruling that allows its members at Highveld steel & Vanadium and Columbus Stainless to go on strike in support of the strike at BHP Billiton's ferro-chrome subsidiary Samancor

Stainless markets set to remain tough

The stainless steel market is set to remain tough for at least another six months and possibly for another year, said Christopher Plummer, md of Metal Strategies, Inc, at the Ryan's Notes Ferroalloys Conference in Orlando.

Vanadium still plagued by excess supply

Worldwide vanadium oversupply will continue to dominate the market until higher-cost production ceases, Robert Bunting, vp commercial at leading US producer Strategic Minerals Corp (Stratcor), has told the Ryan's Notes Ferroalloys Conference in Orlando.

Jilin Ferro-Alloy Group cuts silico-manganese output

Jilin Ferro-Alloy Group Co in northeastern China has cut production of silico-manganese in the second half of the year in response to dwindling export demand, instead boosting its output of ferro-chrome.

BHP Billiton fights to avert strike

BHP Billiton is to appeal against a court decision which could allow the National Union of Metalworkers of South Africa (Numsa) to proceed with a strike at the company's two South African aluminium smelters.

North American Stainless making Steckel mill plate

North American Stainless of Ghent, Kentucky said it has entered the discrete stainless plate market via its Steckel mill. The company is producing stainless plate in 48in and 60in widths in random 96-480in lengths from 0.5 to 2in thick.

Moly market awaits impact of Phelps cutback

The European molybdenum market is assessing the likely impact of moly by-product cuts resulting from copper miners reducing production.