December 2010

Regency reports first profit, sees best prospects in Ni

Regency Mines has reported a pre-tax profit for the first time after its gold and uranium spin-off company Red Rock Resources posted positive results, the nickel and copper explorer said on Friday.

Yusco raises January 300-series export offers by $30-50

Taiwan's Yieh United Steel Corp (Yusco) has raised export offers on 300-series stainless by $30-50 per tonne for February delivery.

Norilsk denies Glencore bid for 8% stake

Norilsk Nickel has rejected suggestions that Glencore made a bid for the 8% stake in the nickel miner that was subsequently sold to rival trader Trafigura.

Yusco's Guangzhou unit to expand CR capacity by 500,000 tpy

Yieh United Steel (Yusco), Taiwan's biggest stainless steel producer, plans to build 500,000 tpy of new cold rolling capacity at its Guangzhou Lianzhong facility on the Chinese mainland.

(AMM) TK's stainless dumping margin hiked

The U.S. Commerce Department has issued a preliminary ruling increasing German steelmaker ThyssenKrupp AG?s dumping margin nearly sevenfold on imports of stainless sheet and strip in coil from Mexico.

Posco raises January stainless prices

South Korea's Posco said it would raise stainless prices by around 5.5% in January as raw materials costs rise.

Baosteel Stainless raises Jan 300-series by $151

Baosteel Stainless, China's second-biggest producer, raised January ex-works price for 300-series by 1,000 yuan ($151) per tonne.

Japan's NSSC settles Q1 FeCr contracts in line with Europe

Nippon and Simikin Stainless Steel, Japan's largest producer, has agreed a cut of 5 cents per lb for ferrochrome supplies next quarter, in line with settlements agreed earlier this month by Europe's stainless producers.

(AMM) Talley Metals hikes stainless bar, rod pricing 5% for Feb.

Talley Metals Technology Inc., a subsidiary of Carpenter Technology that manufactures stainless bar and rod, has slated a 5-percent price hike across the range of its products starting in February.

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