July 2014

Aperam doubles Q2 earnings year-on-year on better EU conditions

European stainless steel producer Aperam has doubled its second-quarter earnings year-on-year, owing to better market conditions in Europe, the company said on Thursday July 31.

NSSMC’s profit up 6.4% in April-June amid ‘robust’ demand in Japan

Nippon Steel & Sumitomo Metal Corp (NSSMC) has reported a 6.4% year-on-year increase in operating profit for April-June on the back of “robust” demand in Japan and a recovery in exports.

Tubacex set to acquire Italian tubemaker IBF

Spanish stainless steel tube manufacturer Tubacex Tubos Inoxidables is to acquire the Italian company IBF.

Taiwan’s Yusco cuts stainless prices for August

Taiwan’s largest stainless steel mill Yieh United Steel Corp (Yusco) has cut most of its list prices for August delivery to remain competitive in the face of cheaper imports.

China’s spot stainless prices unchanged in uncertain market

China’s spot stainless steel prices were unchanged this week as the tight gap between spot prices and mills’ production costs offset the effects of slack demand, high supply and falling nickel pig iron prices.

ThyssenKrupp likely to sell VDM to private equity investor, analysts say

ThyssenKrupp’s special alloy business, VDM, is likely to be sold to a private equity investor within the next two-to-three years, analysts told Steel First on Wednesday July 30.

FeV prices climb in Europe; rise may not be sustainable

Ferro-vanadium prices ticked up on Wednesday July 30 – but there are questions over how sustainable this is, market participants told Metal Bulletin.

China's stainless steel output rises 21% to 10.7m tonnes in H1

China produced 10.7 million tonnes of crude stainless steel in the first six months of 2014, according to the Stainless Steel Council of the China Special Steel Enterprises Assn (CSSC).

JFE Holdings’s operating income up 25% in April-June

Higher shipments and sales prices helped Japan’s JFE Holdings raise its operating income by 25% year-on-year during the April-June quarter, the company said on Wednesday July 30.