September 2001

Ferro-vanadium continues slide

European ferro-vanadium prices continue to be eroded, with sales concluded in the latter half of this week confirming the downward trend that has persisted for nearly three months.

Stratcor and ISA in titanium tie-up

US alloy producers Strategic Minerals Corp (Stratcor) and International Specialty Alloys (ISA) are teaming up to form a third full-line source for master alloys to the titanium industry.

Outokumpu completes Lurgi acquisition

Outokumpu technology has finalised the acquisition of plantmaker Lurgi Metallurgie from MG technologies AG of Germany.

Boost for Australian special steel project

A memorandum of understanding on infrastructure for a proposed mini-mill in New South Wales, Australia, was signed by state premier Bob Carr last week.

Domestic demand drives Chinese SiMn market

Strong domestic demand and a tightening availability of material for export are continuing to drive the Chinese silico-manganese market.

Report predicts trouble from 6m tpy of new stainless capacity

A new Specialty Steel Industry of North America report characterises the US market as the world's "safety valve" for excess global steel and predicts more trouble from some 6m tpy of new global stainless melting capacity coming on stream over the next three years.

Stratcor and ISA in titanium tie-up

Two alloy producers are teaming up to form a third full-line source for master alloys to the titanium industry.

North American ferro-alloys see little cheer

The recent resumption of North American bulk ferro-alloy buying has increased activity but not improved business much, according to traders and steel mill sources.

Posco ponders new stainless CR mill

Posco has launched a feasibility study examining the possibility of constructing a stainless CR plant in Malaysia

Stainless bar prices may have hit bottom in the US

US prices for stainless steel bar slipped on average 3.3% in a two-month period ended September 7 and despite soft demand and the September 11 terrorist attacks on America haven't moved since, according to producers, distributors and service centre executives.