December 2005

Q1 charge chrome contracts settled 5 cents per lb lower

Contracts for the supply of charge chrome in the first quarter of 2006 have been settled 5 cents per lb lower than their fourth-quarter level

***Q1 CHARGE CHROME CONTRACTS SETTLED 5 CENTS LOWER

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Yusco to raise stainless production as demand returns

Taiwan’s Yieh United Steel Corp (Yusco) will raise stainless ouput in January for the first time in six months, a company official told MB.

Charge chrome contracts could fall again in Q1

Negotiations between producers and consumers for charge chrome contracts for the first quarter of 2006 continue, and many market participants believe there may be more downside potential than the previously mooted drop of 2-3 cents per lb

(AMM) Wear plate imports facing Commerce review

The U.S. Commerce Department is initiating a “changed circumstances” review on imports of certain corrosion-resistant carbon steel flat products from Canada and Germany.

Issroff ‘poised to quit Glencore’

David Issroff, head of the ferro-alloys division at Glencore International, is poised to leave his position with the Swiss trading company

India’s Sukinda Valley to host platinum and nickel mining

India’s Sukinda Valley in Orissa, which boasts around 98 percent of India’s chrome ore reserves, may soon produce platinum group metals and nickel

Chinese FeMo export prices fall another 10%

Exporters’ desperation to sell at the end of the year and buyers’ determination to hold out for lower numbers have resulted in a drop of $5 per kg fob in Chinese ferro-molybdenum export prices over the week

Yusco raises January export prices by $20-50 per tonne

Taiwan’s Yieh United Steel Corp (Yusco) is increasing the export list prices for January shipments by $20-50 per tonne because of declining inventories

Final axe falls for Outokumpu’s Coil Products Sheffield

Stainless steelmaker Outokumpu is officially shutting its Coil Products Sheffield operations in the UK. The company said on December 23 that the unit will cease operations at the end of April.