January 2003

DLA sells ferro-chrome to two companies

The U.S. Defense Logistics Agency awarded 7,800 short tons of ferrochrome to two companies in January under the basic ordering agreement (BOA) format.

Ferro-tungsten rallies on Chinese supply concerns

Tungsten prices have continued to firm in Europe, as traders continue to keep an eye on supply out of China.

Korean stainless production sets new record

Figures to be formally released Thursday by the Korea Iron & Steel Association (Kosa) are expected to show that Korean production of stainless CR during last calendar year reached an all-time high

Chinese ferro-moly steadies

Ferro-molybdenum prices are holding up in China despite slow business during the Chinese New Year lull.

Acesita reports improved performance

Preliminary results for Brazilian stainless and special steelmaker Acesita showed generally enhanced operational and sales performance in 2002

Elkem increases its stake in Icelandic Alloys

Elkem has increased its stake in Icelandic Alloys to 97.2%

Ferro-silicon rally 'may continue to Q3'

Ferro-silicon prices continue to climb on the back of an acute shortage of material. Prices are expected to continue to rise and market insiders predict that the end to the current situation will not come until the third quarter.

Nippon Steel and Sumitomo will shut 2 CR mills

Nippon Steel and Sumitomo Metals this week formally announced some facility rationalisation plans

Silico-manganese prices in US decrease 1 cent

U.S. silico-manganese prices have weakened as supply continues to increase.

Molymet aims to finalise purchase of Sadaci

Chilean molybdenum and rhenium producer Molymet said it is close to finalising an agreement to acquire 100% of Belgian ferro-alloys company Sadaci from its controller, the Comilog group and its parent, Eramet of France.