November 2001

Stainless prices have further to fall, says MEPS

Stainless steel transaction prices continue to drift downwards and further modest reductions are anticipated in the coming months, according to steel consultants MEPS.

Newco defends EU deal but buyers complain [UPDATE]

The partners in the Newco merger to create the world's largest steel company have released figures to support their deal with the European competition authorities on the group's share of the galvanized market.

Steel consolidation needed, conference is told

Industry consolidation in the steel industry is needed because while the long-term trend in raw material prices is stable, product prices are falling and conversion margins are shrinking, Markus Moll, president and md of SMR, told delegates at MB's 17th International Ferro-Alloys Conference in Rome today.

Mixed reaction to US vanadium dumping case

The filing of an anti-dumping petition in the USA against imports of ferro-vanadium from China and South Africa drew a mixed response from attendees at MB's 17th International Ferro-Alloys Conference in Rome today.

Galv deal fuels row over EU's 'easy ride' for NewCo

The European Commission has been accused of giving an "easy ride" to the NewCo merger to create the world's largest steel company.

US stainless prices stabilise

Prices for stainless coiled and uncoiled plate in the USA have stabilised in the past three weeks after seeing tags decline in a two-month period between the middle of September to the middle of this month

FeV anti-dumping duty petition filed in USA

The USA's Ferroalloys Assn has filed a petition seeking anti-dumping duties on imports of ferro-vanadium from China and South Africa.

Chelyabinsk restarts ferro-moly production

Chelyabinsk Electrometallurgical Works in Russia has restarted ferro-molybdenum production after a two-year stoppage.

Uzbek moly project to start up in March 2002

Uzmetal Technolgy, a molybdenum joint venture based at Almalyk Mining & Metallurgical Complex in Uzbekistan, will go on stream in March 2002.

Samancor shuts ferro-chrome plant

Samancor's Palmiet ferro-chrome plant is to close, shutting some 50,000 tpy of production capacity.