September 2003

Rand squeezes South African FeCr producers

South African ferro-chrome producers are pushing for higher prices in the first quarter of 2004, citing the continuing strength of the rand against the dollar.

Mitsui & Co. to liquidate ferro-alloy subsidiary

Japanese trader Mitsui & Co. has decided to liquidate its Kyoto-based ferro-alloys subsidiary, Awamura Metal Industry, by the end of the year.

Nippon/Sumikin stainless joint venture starts with price rise

Customers of Nippon Steel & Sumikin Stainless Steel Corp., the product of the integration of the stainless divisions of Nippon Steel and Sumitomo Metals, will have to pay an additional ¥10,000 per tonne on stainless cold rolled coil and ¥20,000 per tonne on heavy plate from October 1, the official inauguration date of the new venture.

Hunter Special Steel partners cancel cross-shareholding

Australia's Boulder Steel and Austrian special steel producer Breitenfeld Edelstahl, the companies behind the proposed 240,000-tpy Hunter Specialty Steel project, will not proceed with a proposed cross-shareholding but plan instead to merge in May 2004.

European ferro-tungsten seen firmer [UPDATE]

Prices on the European ferro-tungsten market are firm as traders await a definitive answer on the planned reduction of Chinese export subsidies.

Chinese ferro-moly prices unchanged ahead of holiday

Ferro-molybdenum offers out of China are steady ahead of the week-long national holiday in early October.

Republic idles Canton melt shop, caster: USW

Republic Engineered Products LLC, Fairlawn, Ohio, temporarily shut down its melt shop and caster this week at its Canton, Ohio, plant, according to the United Steelworkers union.

Eramet Marietta baffled by citation from EPA

Eramet Marietta Inc. said it is unaware of why the U.S. Environmental Protection Agency cited the company's Marietta, Ohio, ferromanganese and silicomanganese plant for Clean Air Act violations since it addressed the problem more than a month ago.

Tornio hit by new accident

Only a day after suffering an explosion and fire in the melt-shop that killed three people, AvestaPolarit’s Tornio works has been struck by another accident.

Varin announces £90-million restructuring for Engineering Steels

Ahead of the September 24 interims, Corus ceo Philippe Varin has announced a £90-million investment for its Engineering Steels division (CES), thus launching phase one of the group’s UK restructuring programme, said Varin.