February 2012

Felman raises silicomanganese to 80¢/lb.

Felman Trading Inc., which supplies more than 50 percent of the domestic silicomanganese market, has set its minimum regular silicomanganese sales price for March at 80 cents per pound ex-warehouse, according to the Miami-based company’s website.

U.S. Steel adjusts financial results

U.S. Steel Corp. has revised its unaudited fourth-quarter and full-year 2011 financial results due to pricing adjustments related to its iron ore pellet purchases.

TMS expands Taiwan scrapyard

TMS International Corp. has expanded its scrapyard operation in Taichung, Taiwan, in response to growth in its raw materials segment.

Russia export ban impact on US eyed

A Russian ban on scrap metals exports from some of the country’s eastern ports could boost demand for material from the U.S. West Coast, although the industry is divided on just how much prices in the domestic U.S. market will be affected.

LME steel billet prices pick up, more trades reported

London Metal Exchange steel billet prices saw a slight increase on Wednesday February 29, thanks to a slight pick-up in trading activity.

LME steel billet prices pick up, more trades reported

London Metal Exchange steel billet prices saw a slight increase on Wednesday February 29, thanks to a slight pick-up in trading activity.

Mexico's copper, silver output up; zinc, iron ore volumes down

Mexico’s metals production data for December was mixed, according to figures released by the national statistics agency Inegi.

Mexico's copper, silver output up; zinc, iron ore volumes down

Mexico’s metals production data for December was mixed, according to figures released by the national statistics agency Inegi.

UK supreme court ruling will spread MF Global client money among wider pool

Clients of bankrupt London Metal Exchange brokerage MF Global UK are examining the ruling on Wednesday February 29 by the UK supreme court on who is entitled to a share of the client money pool (CMP) of Lehman Brothers, which went bust in 2008, and the response to it from administrator KPMG in relation to MF Global’s bankruptcy.

DRC review will mean overhaul of mining contracts

The review by the Democratic Republic of Congo (DRC) of its 2002 mining code will require a revision of mining contracts the country has signed with international mining companies, an analyst said.