November 2003

Sorsk declares force majeure on molybdenum shipments

The Sorsk molybdenum plant in Russia has declared force majeure after a fire, traders report.

Acesita profitable on stable performance

Brazilian stainless and silicon steelmaker Acesita, associated to Arcelor group, achieved net profits of 109.7 million Reais in January-September 2003, compared to a loss of 493.7 million Reais in the same 2002 period, the company said

Austria completes Böhler sell-off

The Austrian government has fulfilled its ambition to fully privatise special tool steels producer Böhler Uddeholm.

Baosteel hikes domestic prices

The listed arm of China's Shanghai Baosteel Group, Baoshan Iron & Steel Co, has announced a rise in its domestic prices of between 100 and 300 yuan applied with immediate effect across almost its entire product range.

Lucchini shapes up to reduce debts

Italian steel group Lucchini SpA is embarking on a three-point restructuring plan, which will focus on paying off corporate bond issues of 700 million euros by 2006, company officials told MB.

Bhutan Ferro Alloys to decide on FeSi expansion next month

Bhutan Ferro Alloys will make a final decision next month on whether to proceed with a long-delayed expansion plan to add 8,000-9,000 tpy of new ferro-silicon capacity at its works in the eastern Himalayas through the installation of a new 12 MVA furnace.

Corus goes for Q1 engineering steels price rise

Corus Engineering Steels (CES) has announced an increase in UK and mainland European prices across its entire product range with effect from 1 January 2004.

Posco mulls Thainox

New upstream stainless capacity commissioned at its Pohang works in Korea and that planned for at its ventures in China have apparently persuaded Posco to ponder the possibilities that acquiring Thailand’s only stainless CR producer, Thainox Steel, might present

Pangang seals Chinese special steel mill acquisition

China's Panzhihua Iron & Steel (Pangang) has acquired a speciality steel capability by completing its takeover of Sichuan Chuantou Changcheng Special Steel Group, located in the same central-west province