December 2001

Taiwanese government launches Tang Eng sale

The Taiwanese government has invited interested parties to bid for the country's oldest stainless steel producer, Tang Eng Iron Works.

Vanadium is weaker on Posco tender

This week's tender by South Korean steel mill Posco to buy just over 50 tonnes of ferro-vanadium for delivery in the first quarter of next year was awarded to Glencore.

EU steel trade gap widens

The European Union was a net steel importer to the tune of almost 2m tonnes in the first nine months of 2001 as a surge in imports combined with a decline in exports to destroy the region's traditionally positive steel trade balance.

Arcelor launches Usinor share offer [UPDATE]

Arcelor launched its offer to shareholders in Usinor on the Paris stock exchange on December 24.

US consumers wrap up ferro-alloy contracts

Like frantic holiday shoppers in a crowded mall, many US metals buyers — especially those in the ferro-alloys sector — were scurrying in December to secure contracts with suppliers for at least the first six months of 2002, and in many cases, one-year deals.

Poland's bankrupt Huta Baildon seeks buyer

Polish special steel producer Huta Baildon has failed to find a buyer after going bankrupt in May

Vanadium prices continue to slide

Ferro-vanadium prices are falling in Asia with the most recent business being booked at just over $6.00 per kg.

Ovako sale awaits better markets

The on-again off-again sale of Ovako Steel by Sweden's SKF is on the back burner until markets improve

UGMK details November mine and mill output

The copper mines and mills of Urals Metals & Metallurgical Co (UGMK) exceeded their output targets in November, the Russian producer said.

Carpenter lowers earnings estimate

Despite a $3.5m windfall in the form of a dumping duties payout under the Continued Dumping and Subsidy Offset Act of 2000, Carpenter Technology said it expects its fiscal second-quarter earnings to be nearly 37% lower than originally thought.