February 2014

European stainless steel monthly alloy surcharges up $14-44 in March on nickel

Monthly alloy surcharges for Europe-sourced stainless steel 304, 316 sheet and bars have increased by €10-32 ($14-44) per tonne for March, market sources told Steel First.

European stainless steel 304, 316 sheet buying activity better than last year, market says

Buying activity in European grade 304 and grade cold-rolled (CR) sheet in the first two months has been better compared with the same period last year, market sources told Steel First on Friday February 28.

European stainless 304 bright bar producer order books looking healthy

The order books of European stainless steel grade-304 bright bar producers are filling up, with lead times for the product increasing, market sources told Steel First on Friday February 27.

ThyssenKrupp’s buyback of Terni, VDM from Outokumpu completed

ThyssenKrupp has completed the buyback of Acciai Speciali Terni (Terni) and VDM from Finnish stainless group Outokumpu, the companies confirmed on Friday February 28.

INTERVIEW: Tsingshan predicts tough March for China's stainless industry

China’s stainless steel industry could start to face production difficulties as early as March as nickel ore prices rocket after Indonesia’s ban on raw materials exports.

Tsingshan launches 3 million-tpy hot rolling mill

Tsingshan Group (Tsingshan), one of China’s largest stainless steel producers, has started trial production at its 3-million tpy hot rolling mill, Steel First has learned.

East Asian stainless steel prices widen on supply

East Asia’s stainless steel prices widened downwards this week on sufficient supply, although the lower prices and depreciation of the renminbi saw a pick up in buying activity.

HOTTER ON METALS: Sleepless nights for company heads?

Running a metals company gives you more sleepless nights than the same job in any other industry, if the results of a recent PriceWaterhouse Coopers survey are anything to go by.

Voestalpine auto parts plant opens in South Africa

Austrian steel group Voestalpine has opened a new automotive parts plant in East London, South Africa, as part of its new globalisation strategy, the company said on Thursday February 27.