March 2003

Chinese FeSi, SiMn prices continue to soar

As tight supply drives Chinese ferro-silicon and silico-manganese to higher levels, buyers are expressing concern about the non-delivery of material.

J&W finally announced as Ramco winner

J&W Investment Group has finally been named as the winning bidder for Ramco's former copper assets in Zambia.

Arcelor to pay £102m for CST stake

Arcelor, the world’s largest steelmaker has confirmed that it will pay $102m to buy an 8.8% stake in Brazil's CST.

Eramet moves back into profit in 2002

Despite what it says was a difficult operating environment last year, French nickel producer Eramet has posted a profit of 6m euros for 2002, compared to a loss of 3m euros one year earlier.

Indian ferro-chrome producers hike prices

Prices of high carbon ferro-chrome in India have risen sharply by about Rs2,000 per tonne to Rs24,000-25,000 per tonne (23-24 cents per lb).

Jiuquan links with Kazakh iron ore supplier

Jiuquan Iron & Steel (Jiugang), the largest steel producer in northwest China, will this year take delivery of 500,000 tonnes of iron ore pellets from Kazakhstan after inking a supply deal with the Sokolov-Sarbai Mining Production Assn

More HR importers incur Chinese duties

Kazakhstan and South Korea remain the only importers to China not to have surpassed their individual six-month quotas on hot rolled coil.

Walsin Lihwa plans stainless plant in Nanjing

Taiwan’s Walsin Lihwa Corp is exploring the possibility of building a 1m tpy integrated stainless steel mill on a greenfield site in Nanjing, as its seeks to expand its presence in China.

Buyers step back from Chinese ferro-moly market

Consumers are staying on the sidelines of the Chinese ferro-molybdenum spot market this week, keeping prices on a level.

Yusco acquires Yieh Hsing stainless wire rod mill

Yieh United Steel Co (Yusco) has concluded the acquisition of the stainless wire rod operations belonging to fellow Yieh Group member, Yieh Hsing Enterprise Co.