December 2004

Jindals take on job of expanding Siscol

Indian long products steel plant South India Steel Co Ltd (Siscol), which was taken over by Sajjan Jindal this month and is controlled by the Jindal South West group, is producing at a rate of around 20,000 tpm and will soon achieve its rated capacity of 300,000 tpy

Yusco raises January export prices

Taiwanese stainless producer Yieh United Steel Corp (Yusco) has raised its fob export prices for January but is holding its prices to domestic buyers unchanged.

China lifts anti-dumping duties on Russian electrical sheet

China has lifted anti-dumping duties on electrical sheet imports from Russia but the removal of the penalties is unlikely to lead to a surge in new business for Russian suppliers, Chinese traders argue.

Jiangxi Tungsten accused of manipulating market

China’s largest producer of ammonium paratungstate (APT) and ferro-tungsten, Jiangxi Tungsten, is being accused of using its position to manipulate the export market for tungsten products and push prices up, something the company vigorously denies

Ferro-alloys prices to climb as China ends export rebates

Asking prices of ferro-alloys exported from China are expected to rise from January 1 as Chinese sellers attempt to compensate for the loss of export rebates.

Monnet Ispat to raise $60 million to fund its expenditure

Monnet Ispat plans to raise $60 million through foreign currency convertible bonds to part-finance its expansion plans

Chinese ferro-alloy traders predict January rise in export prices

Chinese ferro-alloy traders agree export prices will rise next month with the abolition of the ferro-alloy export tax rebate from 1 January, but they can’t agree on the degree.

China formalises alloy, aluminium export tax rebate abolition

China’s Ministry of Finance (MOF) has quietly ended weeks of rumour and speculation and finally posted its long-awaited announcement on the abolition of aluminium and ferro-alloy export tax rebates.

Nippon Steel, Nakayama agree on rod, bar jv

Nippon Steel and Nakayama Steel Works have agreed to form a joint venture to own and operate the bar and wire rod facilities at Nakayama’s Funamachi Works near Osaka.

China to tighten ferro-alloy, coke industry regulations

China’s National Development and Reform Commission (NDRC) is tightening regulations over ferro-alloy and coke projects aiming to curb low-end, duplicated and blind development in the two sectors.