June 2003

Judge tells ITC to review ferrosilicon verdict

The U.S. Commerce Department has ordered the International Trade Commission (ITC) to revisit an investigation of alleged price-fixing in the ferrosilicon market that piggybacked a lawsuit calling for the reinstatement of U.S. dumping duties on ferrosilicon from several countries.

Ferro-chrome producers set for 20 percent rise

Charge chrome producers are asking for an 8-cent increase in third-quarter ferro-chrome shipments to Europe and look set to secure a rise of at least six cents, traders said.

Taiwanese stainless market remains subdued

Bearish demand sentiments are still weighing heavily on Taiwanese stainless flat rolled offers into mainland China. However, market watchers are not expecting prices to move down for July contracts in wake of soaring nickel prices.

ThyssenKrupp invests at Terni

ThyssenKrupp Acciai Speciali Terni, Thyssen’s Italian stainless steel division will get a further €30.5 million investment from October 1

EU imposes provionsal duties on Russian silicon [UPDATE]

The European Commission has set provisional anti-dumping duties against Russian silicon producers Bratsk and Sual Kremny at 24% and 25.2% respectively.

Chinese ferro-moly suppliers strive to steady prices

Chinese ferro-molybdenum prices are mostly unchanged this week. A slight increase in consumer enquiries has restored some balance to the physical market.

Ferrochrome steady, but new price hikes loom

U.S. high-carbon ferrochrome prices have steadied as producers contemplate new price hikes imposed by South African producers in reaction to a weak dollar vs. the South African rand.

Ferro-silicon prices jump in India

Ferro-silicon prices in India have risen to more than $1,000 per tonne as supplies dry up and anti-dumping duties bite.

Engineering steel prices set to rise in EU

A bullish outlook for demand in the engineering steel sector has prompted Corus Engineering Steels – CES – to announce that it expects prices to rise across the entire range of carbon and alloy engineering steels, including wire rods, effective from the 1st October 2003.

Metdist eyes Indian manganese acquisition

Metdist Group, the UK metal trading company built up by former LME chairman Lord Bagri, has expressed an interest in taking majority stake in Manganese Ore India Ltd, India’s largest producer of high grade manganese ore.