March 2014

Outokumpu gets union agreement on restructuring, plant closures in Germany

Finnish stainless steel company Outokumpu has concluded talks with worker representatives in Germany on restructuring measures and will now close the Bochum plant in 2015, the group said on Monday March 31.

EU stainless steel sheet base prices up $14-28 on alloy surcharge, demand

Base prices for Europe-sourced grades 304 and 316 cold rolled stainless steel sheet have increased by €10-20 ($14-28) per tonne, market sources said on Friday March 28.

CHARGE CHROME INDEX: Prices hold ahead of April price announcements

Charge chrome prices held in China on Friday March 28 as buyers awaited April purchase prices from large stainless steel mills.

European stainless steel monthly alloy surcharges up $34-80 on higher nickel

Monthly alloy surcharges for 304 and 316 stainless steel sheet and bar in Europe increased by €25-58 ($34-80) per tonne for April on the back of higher nickel prices, producer data showed on Friday March 28.

East Asian stainless prices rise further, but buying slows

East Asian stainless steel prices continued to rise this week, but market participants said transactions have fallen.

Silico-manganese smelters in China’s Inner Mongolia shut down

Technical problems arising from processing of low-quality ores have led to production stops at large silico-manganese furnaces in China’s Inner Mongolia region, market sources have told Metal Bulletin.

China’s chrome ore imports slide further in February

China’s imports of chrome ores and concentrates in February fell to the lowest since July 2013 on subdued demand from local smelters.