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The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Molycorp, Inc. of Class Action Lawsuit and the Deadline of April 3, 2012 to Seek a Lead Plaintiff Position - 2/6/2012 1:08:00 PM ET
NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Molycorp, Inc. |
3M and Shale-Inland Introduce a New Family of Laser Protection Tapes - 2/6/2012 8:00:00 AM ET
ST. PAUL, Minn.--(BUSINESS WIRE)--3M and Shale-Inland launch 3M Protective Laser Tape, the first product platform for the metal fabrication market to flow from the recent commercialization agreement. |
New resource estimate for the Molyhil tungsten and molybdenum project - 2/6/2012 6:07:00 AM ET
An overall 25% tonnage increase to 4.7 million tonnes has been announced in a new resource estimate for the Molyhil tungsten and molybdenum project in the Northern Territory, wholly owned by Thor Mining PLC. Highlights; 1. Overall tonnage increased by 25% to 4.7 million... |
Norilsk to build a molybdenum processing plant at Bugdainsky by 2016 end - 2/6/2012 5:43:00 AM ET
Bloomberg reported that OAO GMK Norilsk Nickel plans to spend SD 1.1 billion by 2016 to develop an eastern Siberian copper field and boost output of the highly conductive metal by 16%. Mr Yury Filippov first deputy CEO of Norilsk Nickel said that the Bystrinsky deposit... |
Outokumpu to showcase products for oil, gas, energy, shipping and port industries in Mumbai - 2/6/2012 5:41:00 AM ET
Leading stainless steel manufacturer Finland based Outokumpu announced that it will be showcasing its products and capabilities focused on the hydrocarbon sector including both offshore and onshore applications as well as extend support for critical requirements in the... |
Chinese stainless steel output exceeds 12 million tonnes in 2011 - 2/6/2012 5:39:00 AM ET
According to statistics from Stainless Steel Branch of China Special Steel Association, China stainless crude steel output in 2011 gained 12.591 million tonnes up 11.86% or 1.335 million tonnes YoY. The exports proved to be 2.245 million tonnes with an increment of 46%... |
Yeun Chyang sales turnover reaches USD 914 million for 2011 - 2/5/2012 5:18:00 AM ET
For year 2011, the sales turnover of Yeun Chyang had reached a new record high of USD 914 million. In addition, the total annual sales volume also reached a new record high of approximately 270,000 tonnes, which includes all products of stainless steel coil, stainless steel... |
Baosteel Stainless Steel products win CISA Premium Quality Award 2011 - 2/5/2012 5:17:00 AM ET
In the New Year, the 2011 metallurgical product quality Gold Awards organized by Chinese and Steel Association announces its results. Baosteel 3 hot rolling stainless steel products namely 304, 316L, 430 not only gain Gold Award, but also win the industry's highest quality... |
Synalloy Corp announces Q4 and FY 2011 results - 2/5/2012 5:15:00 AM ET
Synalloy Corporation, a producer of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and producer of specialty chemicals, recorded sales of USD 40,241,000 for the fourth quarter of 2011, up by 7% YoY from 2010. Net earnings for the quarter were... |
European stainless steel prices on an upward trend - MEPS - 2/5/2012 5:14:00 AM ET
As previously predicted by MEPS, EU average stainless steel transaction values increased for all grades in January 2012. These advances were mainly due to increases in basis numbers. Most of the growth in sales was due to a surge in inventory replenishment by customers... |
ThyssenKrupp sees potential for small acquisitions after Inoxum sale - CEO - 2/3/2012 6:35:00 AM ET
German steelmaker and engineering company ThyssenKrupp AG said that there is potential for acquisitions in the three digit million range, but not larger, following the sale of its stainless steel unit Inoxum. Mr Heinrich Hiesinger CEO of ThyssenKrupp AG said that... |
Aperam sees gain from consolidation after Outokumpu deal - 2/3/2012 6:34:00 AM ET
Bloomberg reported that Aperam, the stainless steel producer spun off by ArcelorMittal, expects to benefit from consolidation in the industry following the announcement of a planned merger of Outokumpu Oyj with a unit of ThyssenKrupp AG. Aperam said that "We would... |
Outokumpu CEO sees regulators approving Inoxum deal - 2/2/2012 7:16:00 AM ET
Reuters quoted Mr Mika Seitovirta CEO of Outokumpu as saying that he is confident anti trust regulators would approve the Finnish company's proposed takeover of ThyssenKrupp's stainless steel unit Inoxum. He said that "We have done our homework...we are confident they... |
Molycorp Declares Preferred Dividends - 2/2/2012 7:00:00 AM ET
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP), today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per... |
600 steelworkers risk losing their jobs in Sweden - 2/2/2012 6:36:00 AM ET
It is reported that around 600 steel industry jobs are expected to disappear in Sweden. The reason is that the German Thyssen Krupp and the Finnish Outokumpu have agreed to unite their production of stainless steel. The trade union Metall's newspaper Dagens Arbete wrote... |
Molycorp meets Molymet, secures US$390M in funds - 2/1/2012 5:31:00 PM ET
U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molibdenos y Metales (Molymet) 12.5 million shares in exchange for US$390 million. That works out to US$31.20 apiece - a 10% premium to Molycorp's 20-day volume weighted average... [Full Story] |
China stainless steel output up 11.1% in 2011 - but could be 20% higher - 2/1/2012 12:45:00 PM ET
As another indicator of Chinese industrial growth output of stainless steel there rose by 11.1% to 12.5 million tonnes but could actually have been 20% ... |
Outokumpu plans EUR 1 billion rights issue for Inoxum - 2/1/2012 6:24:00 AM ET
EuroWeek reported that Finland’s Outokumpu is planning a EUR 1 billion rights issue to support its purchase, agreed on Tuesday, of Inoxum, ThyssenKrupp’s stainless steel business. The fully underwritten deal will be supported by some its key shareholders,... |
Strongbow Reports First Exploration Drilling Results for Shovelnose Gold Property, BC - 1/31/2012 12:03:00 PM ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Strongbow Exploration Inc. (SBW: TSXV) has been notified by Westhaven Ventures Inc. (WHN: TSXV) that final results have been received from the 2011 drilling program at the Shovelnose gold property located adjacent to the... |
Amerigo may exceed 2012 output target - 1/31/2012 6:17:00 AM ET
Reuters reported that Canadian copper and molybdenum producer Amerigo Resources Limited which was hit by a strike at its El Teniente mine in Chile expects to meet or exceed its production targets for this year. Amerigo's production from its only operational project,... |
Taiwan stainless steel price to go up on soaring nickel price - 1/31/2012 6:12:00 AM ET
During the Chinese Lunar New Year Holiday, the nickel price in LME went up all the way to reach over USD 21,000 per tonne. Taiwan stainless steel mills will announce the new price for February 2012 within this week and the new price will increase further than the... |
YUSCO lifts stainless steel export prices for February 2012 - 1/31/2012 6:10:00 AM ET
Taiwanese YUSCO has lifted its latest stainless steel prices today for February due to soaring cost on LME nickel price. The export prices of stainless steel 300 series and 400 series will go up by USD 250 to USD 280 per tonne and USD 30 to USD 50 per tonne respectively. ... |
NSSC posts JPY 10 billion recurring loss for Apr-Dec 2011 - 1/31/2012 6:09:00 AM ET
Nippon Steel & Sumikin Stainless Steel Corporation has announced that the firm posted consolidated recurring loss at JPY 10.567 billion for April to December 2011 period as against the loss of JPY 1.913 billion in same period of fiscal 2010 ended in March 2011. ... |
Worker union disagreement to complicate ThyssenKrupp Outokumpu deal - 1/31/2012 6:06:00 AM ET
Reuters reported that a stainless steel tie up between ThyssenKrupp and Outokumpu will need deep production cuts to resolve the sector's crippling overcapacity and reverse losses, but union resistance could yet scupper the deal to create Europe's top producer. Outokumpu... |
Western Troy announces drilling result of new zone at MacLeod Lake - 1/30/2012 5:42:00 AM ET
Western Troy Capital Resources announced the assay results of holes it drilled at its MacLeod Lake Copper and Molybdenum Project in November of 2011. Three holes were drilled on geophysical anomalies near the Main Zone. Two holes did not intersect significant... |
Russian stainless steel imports up by 3.8pct MoM in December - 1/30/2012 5:22:00 AM ET
According to Spetsstal's estimate, Russian stainless steel imports rose 3.8% MoM in December 2011, compared to the previous month, to 20,978 tonnes. Imports of stainless steel flats increased by 3.7% MoM Wire - 10.6% MoM Seamless tubes - 4.9% MoM Welded tubes - 98.9%... |
BE Group expands production facilities and hikes capacity at Lapua - 1/28/2012 4:51:00 AM ET
BE Group Oy Ab, trade and production services specialist in steel, stainless steel and aluminum, is expanding its production facilities and increasing its production capability at Lapua in Finland. The investment in machinery adds up to approximately EUR 2.2 million. BE... |
ThyssenKrupp confirms that board may discuss stainless steel tie up next week - 1/28/2012 4:47:00 AM ET
Dow Jones Newswires reported that German steelmaker ThyssenKrupp AG said on Friday its supervisory board will meet next week to discuss, amongst other things, a possible tie up of its stainless steel operations with Finnish rival Outokumpu Oyj. The comments come in... |
Integral Coach Factory to upgrade technology for bogies - 1/28/2012 3:08:00 AM ET
BS reported that Integral Coach Factory will spend INR 250 crore for manufacturing technologically upgraded coaches of stainless steel shells and high speed bogies. According to a senior official from the factory that employs about 13,000 people, the money, sanctioned by... |
Benxi CR stainless steel project completes - 1/27/2012 6:33:00 AM ET
It is reported that the cold-rolled stainless steel project of Benxi Steel has come to a closure at the end of 2011, fulfilling the blank of stainless production in Dandong, Liaoning. This cold rolled stainless steel product line with an annual capacity of 190,000 tonnes... |
German labor representatives met Outokumpu and ThyssenKrupp to strike a deal - 1/27/2012 6:28:00 AM ET
Reuters reported that German labor representatives have met Outokumpu and ThyssenKrupp to hammer out a deal that would secure German jobs under any merger of the stainless steel businesses of the two firms. Outokumpu said in a statement that it was in talks with the... |
US AD duties on stainless wire rod from India to continue - 1/26/2012 4:44:00 AM ET
US Department of Commerce announced that, as a result of the affirmative determination by the DOC and the US International Trade Commission in their respective sunset reviews, the antidumping order on stainless steel wire rod from India will be continued for a further... |
The EF Precision Group Receives Patent for Orthopaedic Mallet - 1/25/2012 1:22:00 PM ET
WILLOW GROVE, Pa.--(BUSINESS WIRE)--The EF Precision Group, a leading contract manufacturer, has received a patent for the assembly of an orthopaedic mallet, designed to better withstand impact during orthopaedic procedures. |
TEX molybdenum market review of 2011 and outlook for 2012 - Part 2 - 1/25/2012 5:40:00 AM ET
The most influential factor for manganese ore prices is the Chinese appetite. In addition, the impact from the international manganese group ferroalloy market including Japan is also un negligible. The prices of manganese ores quoted by BHP Billiton for China have been... |
Acerinox shares rose on ThyssenKrupp Outokumpu merger talks - 1/25/2012 5:39:00 AM ET
Bloomberg reported that Acerinox SA, the world's largest stainless steel producer, rose the most in 11 months after rival ThyssenKrupp AG discussed merging its Inoxum stainless unit with Finland's Outokumpu Oyj. As per report, Acerinox climbed 4.9% to EUR 10.89, valuing... |
AK Steel announces base prices increase for flat rolled stainless steel products - 1/25/2012 5:38:00 AM ET
AK Steel has announced that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on March 4th 2012. AK Steel said that this increase will be achieved through a reduction in the functional discount of... |
General Moly Announces Strong Support at Public Hearings - 1/24/2012 8:30:00 AM ET
LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex: GMO) (TSX: GMO) announced that the communities in Eureka County, Nevada voiced strong support for the Mt. Hope project at two public hearings, hosted by the Bureau of Land Management (the... |
Negotiations on nickel series CR stainless sheets started at USD 3100 CNF for March shipment - 1/24/2012 6:50:00 AM ET
TEX reported that Japanese mills of cold rolled Ni series stainless steel sheets for Asia including China have started at USD 3,100 CNF with a markup of USD 200 per tons for March 2012 shipment. Other than the Japanese mills, Korea's POSCO and Taiwan's YUSCO seem to have... |
TEX molybdenum market review of 2011 and outlook for 2012 - 1/24/2012 6:49:00 AM ET
As explained by the price drop during the second half, 2011 was a year of oversupply as a whole. In 2010, the increase in world demand by 15% to 16% together with the imports in big volume by China led the market to a short supply situation. However, as 2011 started, China... |
Outokumpu and ThyssenKrupp in talks to evaluate strategic options - 1/24/2012 6:48:00 AM ET
A ThyssenKrupp AG spokesman said the company is discussing merging its stainless steel business with Finnish stainless steel maker Outokumpu. Following recent speculation, Outokumpu confirmed that preliminary discussions with ThyssenKrupp to evaluate potential strategic... |
ThyssenKrupp To Merge Stainless Steel Operations With Outokumpu - Report - 1/23/2012 5:32:00 PM ET
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Thyssen, Outokumpu discuss stainless steel tie-up - 1/23/2012 8:00:00 AM ET
DUESSELDORF, Germany/HELSINKI (Reuters) - Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports. |
SteelGuru directory of stainless steel supply chain in China - 1/23/2012 5:22:00 AM ET
China remained the world’s number one producer of stainless steel in 2007 accounting for more than one quarter of 27.6 million tonnes of global output. Directory of Stainless steel supply Chain in China is one of the top sources of information available on a... |
Japanese CR stainless steel output down by 15pct MoM in Nov - 1/23/2012 5:18:00 AM ET
According to statistics released by the Ministry of Economy, Trade and Industry, Japan's hot rolled stainless steel output in November 2011 totaled 215,560 tonnes, decreasing by 15% MoM. Among them, the output of chrome based stainless steel totaled 101,845 tonnes,... |
LISCO issues Feb ferromolybdenum purchasing price - 1/23/2012 4:42:00 AM ET
It is reported that LISCO announced ferromolybdenum purchasing price for February. Ferromolybdenum purchasing price was executed at CNY 118,000 per tonne up CNY 1,000 per tonne in comparison with that of January. (Prices include 17%VAT, delivered to plant, payment in... |
Thyssen in talks with Outokumpu to merge stainless - 1/23/2012 3:15:00 AM ET
DUESSELDORF, Germany (Reuters) - German steelmaker ThyssenKrupp is in talks with Finland's Outokumpu over a possible merger of the two companies' stainless steel businesses. |
US stainless steel exports in November dropped by 14pct MoM - 1/22/2012 5:05:00 AM ET
According to statistics released by the US Department of Commerce, the US exported 39,349 tonnes of stainless steel in November 2011, decreasing by 14% MoM from 45,732 tonnes in a month earlier. It is analyzed that the sharp drop in exports of stainless steel cold rolled... |
Russian stainless steel imports up by 26.4pct in 11M 2011- Spetsstal - 1/22/2012 5:03:00 AM ET
According to Spetsstal's estimate, Russia's aggregate volume of imported stainless steel products from January to November 2011 rose by 26.4% YoY to 223,455 tonnes. Imports of STS flats rose by 28.7% YoY, longs up by 55.0% YoY, wire up by 20.5% YoY and slabs ingots up by... |
Nickel climbed to a 12 week high in LME - 1/21/2012 5:46:00 AM ET
Bloomberg reported that nickel climbed to a 12 week high in London on speculation economic growth in China will boost demand for the metal used mostly in stainless steel. As per report, nickel for three month delivery on the London Metal Exchange rose USD 658 or 3.4% to... |
Mobile County officials believe ThyssenKrupp jobs are safe - 1/21/2012 5:34:00 AM ET
ThyssenKrupp's sprawling USD 5 billion steel plant in North Mobile County could soon be shared by two owners. According to a Reuters report, TK plans to keep the largest division of the plant which deals with carbon steel but is selling the stainless steel division. ... |
Rare Earths Panel Explores Prices, Supply and Demand, and Investors Opportunities - 1/20/2012 7:48:00 PM ET
One of the events at the summit was a panel entitled "The Rare Earth Think Tank". Mickey Fulp, founder of the Mercenary Geologist, moderated the discussion and he was joined by Anthony Alfidi (of Alfidi Capital), John Thomas (the Mad Hedge Fund Trader), and Jeb Handwerger (of Gold Stock Trades). Some of these experts, themselves, own an interest in some of these companies. |
CITT rules dumping on export of Chinese stainless steel sink - 1/20/2012 5:54:00 AM ET
It is reported that Canadian International Trade Tribunal has investigated the anti dumping and subsidy on the export of Chinese stainless steel sink to determine whether it could damage the Canadian industry. Currently CITT has initiated a preliminary ruling on this case. ... |
Rio Tinto Q4 copper production update - 1/19/2012 6:00:00 AM ET
Kennecott Utah Copper contained in concentrates was higher than the prior two quarters but was lower than the fourth quarter of 2010 due to variability in ore grades. Fourth quarter molybdenum production was below prior periods due to lower grades. Full year production... |
Bruker wins supply order from ThyssenKrupp Stainless USA - 1/19/2012 5:58:00 AM ET
Bruker has announced an order from ThyssenKrupp Stainless USA in Calvert to supply nearly USD 1.3 million in elemental analysis systems and automation equipment for ThyssenKrupp's new, state of the art stainless steel melt shop. Mr Georg Schick, the Bruker Elemental... |
BHPB announces H1 2011 results for stainless steel materials - 1/19/2012 5:57:00 AM ET
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Kennecott launches production and sales of molybdenum concentrate in Japan - 1/19/2012 5:56:00 AM ET
TEX reported that Kennecott Utah Copper, fully owned by Rio Tinto, is to launch production and sales, with planned start up in 2013, of high grade (Mo: 65% to 66%) molybdenum oxide concentrates using Autoclave process facility. Marketing of the product in Japan is being... |
Mr Giancarlo Spotti appointed CEO of Marcegaglia Buildtech - 1/19/2012 5:55:00 AM ET
Mr Giancarlo Spotti, for many years general manager of Marcegaglia Stainless Steel Division, has been appointed CEO of Marcegaglia Buildtech, the group of companies operating in the building and construction sector with a wide range of products including construction... |
Global stainless steel output up by 3.6% YoY in 9M 2011 - ISSF - 1/19/2012 5:53:00 AM ET
Preliminary figures released by the International Stainless Steel Forum show that worldwide stainless steel crude steel production increased by 3.6% YoY in the first nine months of 2011 as compared to the corresponding period of 2010. Total production for the first three... |
Imperial Metals mine to produce 140000 tonne more copper - 1/18/2012 6:00:00 AM ET
Canada's Imperial Metals Corp has received a permit to extend the life of its Huckleberry copper-molybedenum mine by seven years to 2021, allowing it and Japanese stakeholders to continue the current output of 20,000 tonnes a year of refined copper for seven more years. ... |
Ta Chen sales revenue dropped by 9.18pct MoM in December - 1/18/2012 5:56:00 AM ET
Ta Chen, one of the major stainless steel pipe markers and service centers in Taiwan, has announced that its combined sales revenue in December 2011 was TWD 2.935 billion, dropping by 9.18% MoM. However, the company's net loss before tax has been improved. Ta Chen said... |
MEPS sees stainless steel prices rising by 25pct in H1 2012 - 1/18/2012 5:53:00 AM ET
UK based MEPS forecasts that its benchmark, type 304, cold rolled Stainless Steel World Price will increase by USD 850 per tonne over the next 6 months. The gain is expected to be driven by a combination of rising input costs and inventory building in the supply chains... |
Research and Markets: Mining Industry in India - India's mining industry is anticipated to grow further by 1% in the coming times - 1/17/2012 8:51:00 AM ET
DUBLIN--(BUSINESS WIRE)--Research and Markets() has announced the addition of the "Mining Industry in India" report to their offering. India is a major mineral producer in Asia and globally. It is currently a global producer of chromite, coal, iron ore and bauxite. India's... |
Chinese ferrochrome price recovery expected soon - Report - 1/17/2012 7:06:00 AM ET
TEX reported that Chinese local prices of charge chrome and high carbon ferrochrome rebounded in December 2011. In response to the curtailment by the domestic smelters, Chinese stainless steel mills raised their quotes for deliveries in December 2011. This move could be... |
ThyssenKrupp close to sale of stainless steel unit - Report - 1/17/2012 7:05:00 AM ET
Reuters reported that German conglomerate ThyssenKrupp is close to selling its stainless steel arm, a key plank of its restructuring effort. An investment banking source with direct knowledge of the process said a deal could come as early as February. ThyssenKrupp has... |
Carpenter and Latrobe Amend Merger Agreement - 1/16/2012 2:39:00 PM ET
WYOMISSING, Pa.--(BUSINESS WIRE)--Carpenter Technology Corporation (NYSE: CRS) announced today that it entered into an Amendment of the Merger Agreement with the owners of Latrobe Specialty Metals, Inc. (Latrobe) that was initially entered into on June 20, 2011. There are... |
Dealtalk:ThyssenKrupp close to sale of stainless steel unit - 1/16/2012 12:44:00 PM ET
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Stratton Announce Further High Grade Drill Results from MAC Project - 1/16/2012 5:54:00 AM ET
Stratton Resources Inc announced additional assay results from its initial drilling program at the MAC Molybdenum-Copper Project. In addition, the Company has entered into an option agreement on the Natlan Project, a copper gold porphyry target in west-central British... |
Japanese stainless steel imports in November 2011 - 1/16/2012 5:39:00 AM ET
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TMK-INOX won the endorsement of the Medical Sciences Security nano manufacturing and nanotechnology - 1/16/2012 5:05:00 AM ET
TMK-INOX a part of TMK has received a positive peer review of the Russian Research Institute of Nutrition of the results of classifying nanotechnology and nanoproducts on the degree of hazard in the production of high-precision stainless steel pipes and alloy. ... |
Taiyuan Iron & Steel 2011 revenue hits CNY 127 billion - 1/16/2012 4:44:00 AM ET
China Knowledge reported that Taiyuan Iron & Steel Co Ltd a major stainless steel producer in mainland China saw its operating revenue rise 9.01%YoY to CNY 127 billion in 2011. Mr Gao Xiangming General Manager of the group said that the company pre-tax profit increased... |
BOR copper mine protects against tramp metal with Eriez Hawk - 1/15/2012 7:38:00 PM ET
The BOR copper mine BOR in eastern Serbia, one of the largest copper mines in Europe, has installed an Eriez Metalarm 3600 Hawk Metal Detector to protect their crushers from tramp metal. The MA3600 is the latest addition to the successful Metalarm Metal Detector Range.... |
Baosteel cuts stainless steel domestic prices for February shipment - 1/15/2012 5:19:00 AM ET
Baosteel Stainless, the second largest stainless producer in China, has announced to cut the domestic prices of its stainless steel products for February 2012 shipments in response to weak spot market. The company decided to cut the domestic prices of 304 grade cold... |
EU to extend AD duty on Chinese and Taiwanese stainless steel fasteners - 1/12/2012 5:55:00 AM ET
The European Commission announced through the Official Journal of the European Union that it will remain its antidumping duty order on stainless steel fasteners from China and Taiwan for a further period of five years. This action is to provide further protection to the... |
NSSC leaves CR stainless steel price unchanged for January shipment - 1/12/2012 5:53:00 AM ET
Nippon Steel & Sumikin Stainless Steel announced that the firm leaves selling price of cold rolled stainless steel sheet and plate unchanged for the dealers for January 2012 order. The firm leaves alloy charge unchanged for January 2012 order when averaged nickel price... |
NSSC to hike export price for stainless steel by USD 100 - 1/12/2012 5:51:00 AM ET
JMB reported that Nippon Steel & Sumikin Stainless Steel will offer near USD 100 per tonne of stainless export hike. The firm takes chance for the first hike since March 2011 when offshore stainless market recovers. The firm tries to improve the profitability through... |
ThyssenKrupp Nirosta files permit application for plant expansion in Krefeld - 1/12/2012 5:50:00 AM ET
ThyssenKrupp Nirosta has now submitted a permit application in connection with the relocation of the Düsseldorf-Benrath cold rolling mill to Krefeld. In December 2010 the stainless steel manufacturer announced it intended to develop and optimize its sites in order... |
Hot Chili starts scoping study on Productora project - 1/12/2012 2:24:00 AM ET
ASX-listed Hot Chili has started a scoping study on its flagship Productora copper/gold/molybdenum project, in Chile. The scoping study was scheduled for completion in the third quarter of this year. |
COPPER EXPANSION: Gibraltar mine, mill increase on track for year-end start - 1/11/2012 4:59:00 PM ET
BRITISH COLUMBIA - The expansion of the Gibraltar copper-molybdenum mine and mill to 185 million lb of copper annually is on track for completion by the end of 2012. The project, located 65 km north of Williams Lake, is owned by Taseko Mines... [Full Story] |
Taseko says Gibraltar expansion on track, budgets $134m for 2012 - 1/11/2012 4:29:00 PM ET
Taseko Mines, the Vancouver-based copper and molybdenum producer, plans to spend $134-million this year to lift output of the red metal from its 75%-owned Gibraltar mine in British Columbia to 140-million pounds yearly. The company has also committed $31-million to advance... |
Stainless steel inventory in Foshan market dropped in Dec end - 1/11/2012 6:47:00 AM ET
According to statistics, the inventory of stainless steel products totaled 130,369 tonnes in Chinese Foshan market in the end of December, 2011, down by 4.64% in comparison of that in half month earlier. Among them, 50,368 tonnes were cold rolled stainless steel... |
Japanese stainless steel exports in November 2011 - 1/11/2012 6:46:00 AM ET
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Taiwanese stainless steel producers expected to gain in Q4 - 1/11/2012 6:45:00 AM ET
It is reported that Taiwanese stainless steel producers were expected to gain in the Q4 2011, benefited by upstream stainless steel mills' price hike for January 2012. Taiwanese stainless steel producers said that though the Q4 2011 sales earnings may not as good as... |
Taiwanese stainless steel firms see grim outlook in 2012 - 1/11/2012 6:44:00 AM ET
CENS reported that, with the European Union to slap anti dumping taxes on imported seamless stainless steel from China, Walsin Lihwa Corporation, one of Taiwan's leading manufacturers of the products, will see a slowdown in its plant in Changshu, which will force the plant... |
Stainless steel guru Mr YP Suri honored with Distinguished Service Award by IIT Kharagpur - 1/11/2012 6:43:00 AM ET
Indian Institute of Technology Kharagpur, during its 9th Annual Alumni Meet, has honored six of its alumni with Distinguished Service Award. The recipients included Mr Yatinder Pal Suri, known as stainless steel guru and country head of Finnish Group Outokumpu, who is... |
Taiwan’s Stainless-steel Firms See Grim Outlook in 2012 - 1/10/2012 6:11:00 AM ET
Taipei, Jan. 10, 2012 (CENS)--With the European Union to slap anti-dumping taxes on imported seamless stainless steel from China, Walsin Lihwa Corp., one of Taiwan's leading manufacturers of ... |
General Moly appoints Mr Robert Pennington COO - 1/9/2012 5:36:00 AM ET
Industrial metals and minerals company General Moly, Inc announced that it has appointed Mr Robert Pennington as its Chief Operating Officer General Moly Inc. Mr Pennington joined General Moly in October 2007 as Vice President of Engineering and Construction and has... |
Stainless steel inventory down in Chinese Wuxi market - 1/7/2012 6:55:00 AM ET
According to statistics, the inventory of stainless steel in Chinese Wuxi market totaled 177,864 tonnes in the second half of December 2012, decreased by 3.59% from a half month earlier. Among them, 103,405 tonnes were cold rolled stainless steel products, up by 0.94%... |
Jiuli Hi tech Metals commissions new nickel alloy tube project - 1/7/2012 6:54:00 AM ET
Jiuli Hi tech Metals Group, a stainless steel pipe manufacturer based in China, has announced the commissioning of its new nickel alloy tube production line. The line in question has an annual production capacity of 2,000 tonnes. It mainly produces nickel alloy tubes... |
ASTM launches new standard specification for chromium and chromium nickel for pressure vessels - 1/7/2012 6:52:00 AM ET
ASTM has announced new standard specification for chromium and chromium nickel stainless steel plate, sheet, and strip for pressure vessels and for general applications. This specification covers chromium, chromium nickel, and chromium manganese nickel stainless steel... |
Coppermoly in pre open pending Barrick farm in milestone announcement - 1/6/2012 6:00:00 PM ET
Coppermoly (ASX: COY) has been granted a trading halt pending an announcement regarding a significant milestone in the company's farm in agreement with a subsidiary of Barrick Gold Corporation (NYSE: ABX, TSE: ABX). |
Molycorp secures 78pct of rare earth production at Mountain Pass - 1/6/2012 6:02:00 AM ET
Rare earths major Molycorp, Inc reported that it secured 78% of its Phase 1 rare earth production from its flagship Mountain Pass facility. The Colorado based company saw its shares rise 87 cents, or 3.63 percent, climbing to USD 24.85 each on the New York Stock Exchange. ... |
Chinese stainless steel output surges by 11pct YoY in 2011 - 1/6/2012 5:49:00 AM ET
According to the forecast of the Stainless Steel Council of China Special Steel Enterprises Association, China's stainless steel output surged by 11% YoY to 12.5 million tonnes in 2011, hitting the highest level. Also, SSC predicted that China's exports of stainless... |
Southwest Stainless Steel posts sales revenue of CNY 12 billion in 2011 - 1/6/2012 5:47:00 AM ET
In 2011, Sichuan Province based Chinese steelmaker Southwest Stainless Steel Co achieved its targeted annual output of 600,000 tonnes of stainless steel and recorded sales revenue for the year of CNY 12 billion. Southwest Stainless Steel's 1,450 mm hot rolling stainless... |
EU renews AD tariffs on stainless steel fasteners from China and Taiwan - 1/6/2012 5:46:00 AM ET
Bloomberg reported that The European Union has renewed tariffs on stainless steel screws and bolts from China and Taiwan for another five years to curb competition for EU manufacturers including Italy’s Bontempi Vibo SpA. The EU reimposed the import duties as high... |
First Quantum sells DRC assets to ENRC, Cobre Panama copper project approved, Lithium Americas makes further progress, Baja Mining’s manganese raises excitement, and much more… - 1/6/2012 2:45:00 AM ET
The latest issue (over 40 pages) of International Mining Project News, out today, has reports on 23 Prefeasibility Studies, seven Feasibility studies, 32 projects in development, three new operations that have gone into production, eleven existing mines that are expanding,... |
Research and Markets: Powder Metallurgy: Peer Reviewed Original Research on the Science and Practice of Powder Metallurgy and Particulate Technology - 1/5/2012 5:21:00 PM ET
DUBLIN--(BUSINESS WIRE)--Research and Markets () has announced the addition of the "Powder Metallurgy" subscription to their offering. Maney Publishing's Powder Metallurgy is an international journal publishing peer reviewed original research on the science and practice of... |
US stainless steel imports up by 5pct MoM in November - 1/5/2012 5:55:00 AM ET
According to statistics released by the US Department of Commerce, the country's imports of stainless steel in November 2011 totaled 80,732 tonnes, up by 5% MoM from 76,843 tons in October 2011. It is analyzed that the surged imports of coiled stainless steel plates... |
Taiwanese stainless steel firms hikes prices to offset higher costs - 1/5/2012 5:53:00 AM ET
In order to offset the rising nickel price, Taiwan's major upstream stainless steel manufacturers Yieh United Steel Corporation and Tang Eng have raised up their major product list prices from January 2012. Both companies increased the domestic prices of 304 stainless... |
NAS gets approval for stainless steel rebars fro TxDOT - 1/5/2012 5:51:00 AM ET
The Texas Department of Transportation, Construction Division has completed the qualification evaluation of the stainless steel reinforcing bars produced by North American Stainless. As a result of the satisfactory qualification findings NAS has been approved for one... |
General Moly Appoints Robert I. Pennington as Chief Operating Officer - 1/4/2012 8:30:00 AM ET
LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex: GMO) (TSX: GMO) announced that Robert I. Pennington has been appointed Chief Operating Officer. Additionally, the Company announced the hiring of Bernard (Bernie) Pacheco as Mt. Hope project... |
Taiwan`s Stainless-steel Firms Raise Prices to Offset Higher Cost - 1/4/2012 7:40:00 AM ET
Taipei, Jan. 4, 2012 (CENS)--To offset rising prices of key material as nickel, Taiwan`s major upstream manufacturers of stainless steel, including Yieh United Steel Corp. and Tang Eng Iron Works ... |
Chinese November stainless steel flat products exports up by 19pct MoM - 1/4/2012 5:46:00 AM ET
According to statistics released by Chinese customs, China's exports of stainless steel flat rolled products totaled 119,372 tonnes in November 2011, surged by 19% MoM from October 2011. Among them, 33,959 tonnes were exported to Taiwan, soared by 38% MoM; 20,087 tonnes... |
Almost 80% of Molycorp Phase 1 Production Already Committed - 1/4/2012 12:53:00 AM ET
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Molycorp ties more product into purchase agreements - 1/3/2012 1:31:00 PM ET
Rare earths miner Molycorp said on Tuesday it has signed offtake agreements for 58% of its phase-one production at the Mountain Pass mine. The company has also allocated one-fifth of the 19 050 first-phase output to produce its trademark Xsorbx water treatment products,... |
Molycorp secures off-take agreements for 78% of production - 1/3/2012 11:52:00 AM ET
Before markets opened on Jan. 3 Molycorp (MCP-N) announced that it has found a home for more than three quarters of its Phase I production ahead of the start up of its rare earth production facility at its Mountain Pass mine in California. [Full Story] |
Moly Mines enters strategic alliance with China Development Bank - 1/3/2012 6:02:00 AM ET
Moly Mines's Spinifex Ridge Molybdenum / Copper Project is to be put on hold due to low global molybdenum prices as well the high Australian dollar which have rendered the project sub economic. Under the strategic alliance, CDB will provided financial support (including... |
Yeou Yih Steel shipping volumes increases slightly in December - 1/3/2012 5:43:00 AM ET
Yeou Yih Steel, one of the major stainless steel heavy plate producers in Taiwan, said that its shipping volumes in December 2011 may increase slightly due to the rebounded nickel price, however, its December sales revenue might be only at about TWD 400 million. In fact,... |
Asian stainless steel prices rise on rebounding nickel prices - 1/3/2012 5:42:00 AM ET
It is reported that the stainless steel prices increased by USD 50 per tonne in Asian market last week, driven by rebounding nickel prices. The spot nickel prices at LME were at USD 18,850 per tonne on December 22nd 2011, surged by USD 1,000 per tonne from a week... |
YUSCO hikes January stainless steel prices on higher prices - 1/3/2012 5:41:00 AM ET
Yieh United Steel Corporation has announced the January 2012 price policy on December 30th 2011. In domestic market, the firm decided to hike the January 2012 list prices of 300 grade cold rolled and hot rolled stainless steel products by TWD 2,000 to TWD 4,000 per tonne... |
Tang Eng raises stainless steel prices for January - 1/3/2012 5:40:00 AM ET
It is reported that Tang Eng, one of the major stainless steel producers in Taiwan, announced to raise the domestic prices of 200 grade and 300 grade stainless steel products by TWD 1,500 to TWD 4,000 per tonne averagely for January 2012. Meanwhile, the firm remained the... |
TISCO realizes 167005 tonnes of stainless steel via net work built since 2011 - 1/2/2012 6:40:00 AM ET
It is reported that China's leading stainless steel producer TISCO has realized 167,005 tonnes of stainless steel sales volume via net work built since this year. As per report, the company built its stainless steel spot transaction platform in early 2011, based on its... |
EU average alloy surcharge for CR stainless sheets remain flat for January 2012 - 1/2/2012 6:38:00 AM ET
It is reported that the major stainless steel producers have remained alloy surcharge unchanged for 304 grade cold rolled stainless steel sheet with thickness of 2mm for January 2012. The average alloy surcharge for CR stainless steel sheets in the European stainless... |
Taiyuan Steel stainless steel export fell in November - 1/2/2012 6:37:00 AM ET
According to the data released by China's customs authorities, in November 2011, the largest domestic stainless steel producer, Shanxi Province based Taiyuan Iron and Steel Group's stainless steel exports have declined, marking the second consecutive monthly drop. In... |
Taiyuan Steel stainless steel output exceeds 3 million tonnes in 2011 - 1/2/2012 6:36:00 AM ET
China Metallurgical News reported that in the current year up to December 28th 2011, Shanxi Province based Chinese steelmaker Taiyuan Iron and Steel Co produced 3 million tonnes of stainless steel, achieving its production target for 2011 ahead of schedule. As recently... |
Moly Mines postpones Spinifex Ridge molybdenum projects - 12/31/2011 7:00:00 AM ET
Moly Mines is again postponing its AUD 700 million molybdenum and copper mine projects at Spinifex Ridge in Western Australia. The company explained the move to falling prices of molybdenum, a key ingredient in the manufacture of steel and the strong Australian currency. ... |
Turkish stainless steel coil imports in Oct dip by 25pct YoY - 12/31/2011 6:58:00 AM ET
According to statistics released by the Turkish Statistical Institute, Turkey's imports of stainless steel coil totaled 27,552 tonnes in October 2011, dropped by 25% YoY and decreased by 27% MoM from 37,662 tonnes in September 2011. However, the country's total imports... |
EU to impose AS duty on Chinese stainless steel seamless tube - 12/31/2011 6:57:00 AM ET
On December 29th 2011, Ministry of Commerce announced that EU decided to impose final anti dumping duty of 48.3% to 71.9% on China produced stainless steel seamless tube pipe, exacerbating domestic steel mills' current situation. Stainless steel seamless tube pipe is... |
China buys copper stake - 12/30/2011 6:00:00 PM ET
A chinese miner agreed to buy into a once-abandoned copper mine today as development of a molybdenum project by a different company was shelved, highlighting the mixed outlook for commodities. |
Moly Metals shelves Spinifex - 12/30/2011 9:48:00 AM ET
ASX-listed Moly Mines Ltd is to suspend work on its Spinifex Ridge molybdenum-copper project in Western Australia, citing a strong Australian dollar and weak molybdenum prices worldwide. |
CR stainless steel plate prices may back to USD 3000 CNF in Asia - 12/30/2011 7:00:00 AM ET
It is reported that the prices of nickel based cold rolled stainless steel plate are expected back to the level of USD 3,000 per tonne CNF in Asia. It's known that the prices of nickel based CR stainless steel plate are at around USD 2,800 per tonne CNF in Taiwan and... |
Chinese stainless steel mills raise FeCr prices for January delivery - 12/30/2011 7:00:00 AM ET
It is reported that major stainless steel mills in China have all increased the ferrochrome prices for January 2012 delivery. Taiyuan Iron & Steel Group, the largest stainless steelmaker in China has set its January 2012 ferrochrome prices at CNY 7,600 per tonne,... |
Taiyuan Steel 441 grade ferritic stainless steel applied in Audi A6 exhaust manifold - 12/30/2011 6:57:00 AM ET
Under the joint effort of all workers, Taiyuan Steel made a success in applying its 441 grade ultra low carbon and nitrogen ferritic stainless steel in Audi A6 exhaust manifold, which is widely used in auto manufacturing in Europe and America. (Source: ) China steel |
Jigang Group develops high strength DP 600 duplex stainless steel - 12/30/2011 6:56:00 AM ET
It is reported that Shandong Province based Chinese steelmaker Jigang Group has successfully developed production of hot rolled high strength DP 600 grade duplex stainless steel and has accordingly applied for a national patent. Meanwhile, Jigang Group has announced that... |
TISCO forges Chinese largest stainless steel spot transaction platform - 12/30/2011 6:54:00 AM ET
Focusing on market positioning, TISCO Sales Department has spared effort to put up domestic largest stainless steel spot transaction platform since this year. In the first eleven months, sales volumes via network realized 167,005 tonnes. Among which, stainless steel plate... |
Fall in Price of Steel-Making Ingredient Causes Postponement of $700-Million Molybdenum Mine Project - 12/29/2011 10:50:00 PM ET
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Spinifex Ridge project on hold - 12/29/2011 8:00:00 AM ET
MOLY Mines has again delayed the start-up of its Spinifex Ridge molybdenum and copper project in Western Australia. |
Moly Mines strikes strategic alliance with China Development Bank - 12/29/2011 4:40:00 AM ET
Moly Mines forced to suspend ops at Spinifex Ridge copper/moly mine development as funding cut on weak moly prices but strikes strategic alliance with key ... |
China buys copper stake - 12/29/2011 12:32:00 AM ET
A CHINESE miner invested in a NSW copper mine while a molybdenum project was shelved, highlighting commodities’ mixed fortunes. |
Lower metal prices force Moly Mines to halt project development - 12/28/2011 4:53:00 PM ET
Lower prices and a higher Australian dollar have combined to force Moly Mines (MOL-T) to put its Spinifex Ridge molybdenum-copper project on hold. [Full Story] |
STOCKS TUMBLE AND THE EURO DIVES: Here's What You Need To Know (SPY, DIA, QQQ, BAC, C, MCP, GOOG) - 12/28/2011 4:00:00 PM ET
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Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividend on Common Stock - 12/28/2011 11:30:00 AM ET
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.25 per share payable on February 1, 2012 to holders of record as of January 13, 2012 for its common stock. FCX is a leading international mining company with... |
Moly Mines to halt ops at Australia molybdenum project - 12/28/2011 10:57:00 AM ET
Moly Mines Ltd said it will halt operations at its Spinifex Ridge molybdenum and copper project in Western Australia as China Development Bank Corp (CDB) cuts funding for the project due to weak molybdenum prices. In June, the minerals explorer got loans totalling $494... |
MISUMI Adds New Models to Miniature Conveyor Product Line, Including Cost-Efficient SV Series in Lengths up to 3000mm - 12/28/2011 10:22:00 AM ET
SCHAUMBURG, Ill.--(BUSINESS WIRE)--MISUMI Mini Conveyors Now Available in Lengths Up to 3000MM |
Moly Mines puts Australian project on hold - 12/28/2011 9:05:00 AM ET
Australian molybdenum-copper project stalled due to low molybdenum prices and the effect of a high Australian dollar |
TISCO cuts stainless steel prices for January shipment - 12/28/2011 6:01:00 AM ET
Taiyuan Iron & Steel Group, the largest stainless steel maker in China, has announced to cut its ex works prices of stainless steel products for January 2012 due to poor demand in spot market. The firm will cut the ex works prices of 304 grade cold rolled coil, hot... |
Tangshan Guzhi Steel capacity up to 10 million tonnes - 12/28/2011 5:11:00 AM ET
Tangshan Guzhi's steel capacity has reached 10 million tonnes at present. Plenty of stainless steel, Mn-series strip and non-oriented silicon steel lay a good foundation for the development of equipment manufacturing industry. Special and quality steel production... |
Ningbo Baoxin to hike annual stainless CR output in 2012 - 12/25/2011 6:09:00 AM ET
According to Baosteel Group, the company's subsidiary of Ningbo Baoxin Stainless Steel Company has completed its new bright annealed stainless sheet production facility. Furthermore, Ningbo Baoxin planned to increase its annual production output of stainless steel cold... |
Lawsuits blame fires on stainless steel flexible gas lines - 12/25/2011 6:08:00 AM ET
It is reported that several lawsuits blame flexible stainless steel gas lines for fires sparked by lightning strikes. The flexible corrugated tubing, developed in Japan to avoid breaks in earthquakes, is being used more frequently in new homes in the United States. But... |
Chinese November stainless flat product exports up by 19pct YoY - 12/25/2011 6:07:00 AM ET
According to data released by Chinese customs, China's exports of stainless steel flat products totaled 119,372 tonnes in November 2011, surged by 19% MoM in comparison of 100,029 tons in October 2011, driven by increased demand. Among them, 33,959 tonnes were exported... |
Damstahl sees European stainless steel output remaining stable in 2011 - 12/25/2011 6:06:00 AM ET
It is reported that in the current year European stainless steel production will end on a similar level as in 2010 which was 7.4 million tonnes. Germany based service centre Damstahl estimates an increased production volume in the first quarter of 2012 as mill internal... |
Japanese HR stainless steel output dropped by 1pct MoM - 12/24/2011 6:50:00 AM ET
According to the data released by Ministry of Economy, Trade and Industry, output of hot rolled stainless steel during October 2011 was 248,790 tonnes, slightly down by 1.2% MoM from September 2011. Breakdown by alloy category was as follows: Cr alloyed stainless... |
Stainless steel inventory surges in Foshan market in early Dec - 12/23/2011 7:04:00 AM ET
According to statistics, the inventory of stainless steel totaled 132,834 tonnes in Chinese Foshan market in early December 2011, up by 11.13% from half month earlier. Among them, 56,505 tonnes were cold rolled stainless steel products, up by 1.04%; 76,329 tonnes were... |
China issues stricter stainless steel safety rules - 12/23/2011 7:03:00 AM ET
Xinhua News Agency reported, without citing anyone that China announced stricter limits on metal traffic from stainless steel products as part of efforts to boost food safety. Acceptable lead traffic was cut to 0.01 milligram a square decimeter from 0.2, and nickel... |
Russian stainless steel consumption in 9M 2011 up by 20pct YoY - 12/23/2011 7:02:00 AM ET
It is reported that Russian stainless steel consumption in the first nine months of 2011 totals 276,300 tonnes, up by 20.7% YoY, while local output rose by 11.5%, exports 34.2% and imports 27.2%. The most import dependent consuming sectors are flat rolled products with... |
Japanese crude stainless steel output up by 6pct MoM in October - 12/23/2011 7:01:00 AM ET
TEX reported that crude stainless steel production in October 2011 by the 7 major Japanese stainless steel mills was 308,978 tonnes, up by 6.3% MoM from 290,487 tonnes recorded in September 2011. The increase compensated the lower output in September, down by 8.8% from the... |
Magic of stainless steel on Delhi Metro Rail Corp - Dr Sreedharan - 12/23/2011 7:00:00 AM ET
Dr E Sreedharan MD of Delhi Metro Rail Corporation said that "When the Delhi Metro project was given to me I welcomed it as a test of my experience. Having seen the successful completion of the Konkan Railway just prior to joining the Delhi Metro, I was sure we could... |
Shagang and Kingland Group to build steel pipe JV - 12/23/2011 6:00:00 AM ET
It is reported that Shagang signed a contract with Kingland Group Co Ltd to jointly build a welded steel production base, marking an significant move to extend its stainless steel business. The joint venture aims to produce large caliber straight seam double sided... |
Mahalaxmi Group to commission its second rolling mill at Howrah - 12/23/2011 5:09:00 AM ET
ET reported that Mahalaxmi Group, manufacturers of TMT bars and stainless steel products, is set to commission its second rolling mill at Howrah, next month. Mr Gopal Agarwal MD of Mahalaxmi TMT said in Kolkata that the new rolling mill will manufacture 100,000 tonne of... |
Gas tubing fires linked to lightning raise concern - 12/22/2011 10:29:00 AM ET
WESTERVILLE, Ohio (AP) -- Reports of lightning-related fires and gas leaks in at least a dozen states have raised concerns about the use of flexible gas lines made of corrugated stainless steel tubing and have led to lawsuits, studies and efforts to better track the... |
Gas tubing fires linked to lightning spark concern - 12/22/2011 9:53:00 AM ET
WESTERVILLE, Ohio (AP) -- Reports of lightning-related fires and gas leaks in at least a dozen states have sparked concerns about the use of flexible gas lines made of corrugated stainless steel tubing.... |
Moly Mines reports 1 million tonnes of iron ore shipments achieved - 12/22/2011 6:47:00 AM ET
Moly Mines Limited confirmed the shipment of the 1,000,000th tonne of iron ore fines from the Spinifex Ridge Iron Ore Mine. The milestone has occurred within 12 months of the mine's first shipment on 30 December 2010. Dr Derek Fisher Moly Mines CEO and Managing... |
Europe imposes AD duty on stainless seamless pipes from China - 12/22/2011 6:07:00 AM ET
On December 20, the European Commission published regulation No 1331/2011 in the Official Journal of the European Union, imposing a provisional antidumping (AD) duty on imports of certain seamless pipes and tubes of stainless steel originating in China. The proceeding... |
ASTM launches new standard specification for carbon and alloy steel nuts - 12/22/2011 5:59:00 AM ET
ASTM International has announced a new A194/A194M - 11 standard specification for carbon and alloy steel nuts for bolts for high pressure or high temperature service or both. This specification covers a variety of carbon, alloy, and martensitic and austenitic stainless... |
Ellwood National Steel orders VOD facility from SMS Siemag - 12/22/2011 5:49:00 AM ET
SMS Siemag LLC has received an order for the supply of a VOD facility (Vacuum Oxygen Decarburizing) from Ellwood National Steel in Irvine in Pennsylvania. The project is undertaken to enable the production of low carbon stainless steel forgings with a demanding... |
Outokumpu announces change in segment based reporting - 12/21/2011 6:10:00 AM ET
In October, Outokumpu published its new organization effective as of 1 January 2012. Outokumpu's operations consist of one type of business, stainless steel. The business is based on the unique nature of highly integrated operations from chrome and ferrochrome to... |
Tasman Metals Makes Huge Strides on the Norra Karr Rare Earth Project in Sweden - 12/20/2011 5:02:00 PM ET
Tasman Metals, a Canadian-based junior exploration and development company working in the rare earth markets, has made considerable strides in the development of the Norra Karr project located in Sweden. |
TISCO cuts exports prices of stainless steel for February 2012 - 12/20/2011 6:16:00 AM ET
It is reported that Taiyuan Iron & Steel Group, the largest stainless steel maker in China, has decided to cut the export prices of 304 grade stainless steel offers for February 2012 deliveries due to sluggish demand before the Christmas, dipping for consecutive four... |
TEX update on western world molybdenum concentrates output in 9M 2011 - 12/20/2011 6:15:00 AM ET
Production details of molybdenum concentrates during the nine months of 2011 in the western world is as per the table attached hereto, which shows that, on molybdenum content basis. North America produced 119.27 million pounds of molybdenum concentrates during the nine... |
Montero assembles new mineral processing team for Wigu Hill - 12/18/2011 7:16:00 PM ET
Montero Mining and Exploration has assembled a highly experienced team of mineral processing and chemical engineers including Geoff Skelton, former head of development at the Impala Platinum hydrometallurgical refinery and Richard Amata, former Senior Chemist with Molycorp... |
Lumina drilling update on Taca Taca project - 12/18/2011 5:28:00 AM ET
Lumina Copper Corp announced results from 11 new holes (holes TT11-50 - TT11-60) drilled as part of the ongoing exploration and development program at its 100% owned Taca Taca copper/gold/molybdenum deposit located in Salta province, Argentina. Results are highlighted by... |
US ITC decides to keep AD duty on stainless steel wire rod from India - 12/18/2011 5:13:00 AM ET
The US International Trade Commission has determined that revoking the existing antidumping duty order on stainless steel wire rod from India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the... |
Shakti Pumps open office at Mumbai - 12/18/2011 4:19:00 AM ET
Shakti Pumps a renowned name in manufacturing of energy efficient stainless steel submersible and open well pumps, has opened its new office in Mumbai. Recently Shakti has added new range of booster pumps to its existing products portfolio. Company has set up a new plant... |
Outokumpu to raise stainless steel base prices by 5pct in Europe - 12/17/2011 7:05:00 AM ET
It is reported that Finnish Outokumpu is mulling raising the base prices of stainless steel coils and plates by 5% in Europe, which will become effective for all deliveries from January 1st 2012. Mr Mark Perrins SVP of Outokumpu indicated that the price rise in Europe... |
Chinese ferrochrome prices up on higher bids - 12/17/2011 7:04:00 AM ET
It is reported that the prices of ferrochrome hiked in China for the first time since September 2011, driven by the stainless steel mills' higher bids. It is known that Taiyuan Iron & Steel Group, the largest stainless steelmaker in China increased its December 2011... |
Molycorp Secures Government Approval To Conduct Heavy Rare Earth Exploratory Drilling - 12/16/2011 8:00:00 AM ET
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. today announced that it has been granted authorization from the BLM to commence exploratory drilling at an occurrence of heavy rare earths located near Mountain Pass, California. |
Antofagasta approves Antucoya copper mine development in Chile, Kinross completing feasibility work at Fruta del Norte in Ecuador, a new tungsten mine opens in Brazil and much more - 12/16/2011 6:16:00 AM ET
The latest issue of International Mining Project News (almost 50 pages), out today, has reports on 18 Prefeasibility Studies, 25 Feasibility studies, 32 projects in development, nine new mines that have gone into production, nine existing mines that are expanding, seven... |
US 9M 2011 stainless steel imports up by 31pct YoY - 12/16/2011 5:58:00 AM ET
According to statistics released by the Specialty Steel Industry of North America, the US's imports of stainless steel totaled 606,917 tons in the first 9 months of 2011, surged by 30.9% YoY. Among them, 313,342 tonnes were stainless steel sheet strip, rose by 12.9% YoY,... |
South African ferrochrome producers to polarize - TEX Report - 12/16/2011 5:56:00 AM ET
Sustainability of world stainless steel production is undoubtedly based on stable supplies of ferrochrome of the South African producers. However, the ability of the producers to supply sufficient ferrochrome is questioned these days due to the restrictive factors for them... |
Tang Eng expects November sales revenue to rise - 12/16/2011 5:44:00 AM ET
Tang Eng Iron Works, one of the major stainless steel coil producers in Taiwan, expected its shipping quantity in November 2011 would be more than 20,000 tonnes, 5% to 10% higher than that in October 2011. However, the more quantity that Tang Eng sold to its buyers, it... |
Taiyuan Steel increases self sufficiency in electricity supply - 12/16/2011 5:11:00 AM ET
According to Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel Group, the annual electricity generation of its energy and power plant in 2011 is expected to total 5.2 billion kWh equal to 105% of the original target. Taiyuan Steel stainless steel division... |
Thompson Creek raises $270M with gold stream sale - 12/15/2011 7:59:00 PM ET
Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under... [Full Story] |
New mine water treatment app from Purolite - 12/15/2011 7:26:00 PM ET
Speciality resins company, Purolite has published an IPHONE/IPAD App containing useful resources related to water treatment, especially ion exchange. The free app can be downloaded from the App store, where it can be readily found by searching for "Purolite". The App has... |
Royal Gold Increases Gold Stream Interest in the Mt. Milligan Project - 12/15/2011 9:00:00 AM ET
DENVER--(BUSINESS WIRE)--Rold Gold announces increased interest on the Mt. Milligan project. Adds an additional 15% interest for a total interest of 40% |
Baosteel Special Steel Business unit produces 316F stainless steel - 12/15/2011 5:13:00 AM ET
Baosteel has announced that recently Special Steel Business Unit successfully forges a batch of high grade free cutting 316F stainless steel. Previously, the domestic market of this product has been monopolized by foreign enterprises. Since 316F is successfully... |
Baoshan stainless steel assets sale may lead to relocation - Huachuang - 12/15/2011 5:11:00 AM ET
Huachuang Securities Co said that Baoshan Iron & Steel Co's plan to sell some stainless steel and specialty steel assets may be a prelude to relocating the units. It added that Baoshan Steel proposes to sell the assets to parent Baosteel Group Corporation. Mr Han... |
Freeport-McMoRan Copper & Gold Inc. Announces Successful Resolution of PT-FI Labor Issues and Updates Status of PT-FI Operations - 12/14/2011 8:30:00 AM ET
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported today that PT Freeport Indonesia (PT-FI) has reached terms with union officials to be incorporated in a two year extension of its Collective Labor Agreement. The labor strike, which commenced... |
Stainless steel inventory in Wuxi market dropped in November end - 12/14/2011 6:18:00 AM ET
According to the statistics, the inventory of stainless steel products totaled 183,867 tonnes in Chinese Wuxi market in the end of November 2011, down by 0.51% from half month earlier. Among them, the stocks of cold rolled stainless steel products totaled 101,013 tonnes,... |
US stainless steel pipe prices continue to surge in 2012 - 12/14/2011 6:17:00 AM ET
Illinois based Rath Gibson announced to raise the base prices of stainless steel pipes by 5% to 8% averagely from January 2012 in response to higher raw material costs. Among them, the base prices of stainless steel pipes with diameter ½" will increased by 5%; that... |
3M and Shale-Inland Announce Commercialization Agreement - 12/12/2011 9:00:00 AM ET
ST. PAUL, Minn.--(BUSINESS WIRE)--3M and Shale-Inland enter into a commercialization agreement that will offer new-to-the-world product solutions for metal and metal fabrication markets. |
POSCO to expand its stainless steel business in Russia - 12/12/2011 5:50:00 AM ET
It is reported that South Korean POSCO has aimed to expand its stainless steel business into the global markets, especially Russia. In fact, POSCO had ever evaluated the possibility to set up stainless steel processing center and manufacturing plants in Russia. The... |
Japanese stainless steel flat products exports in October down by 23pct YoY - 12/12/2011 5:49:00 AM ET
According to data released by the Japan's Ministry of Finance, Japan's exports of stainless steel flat products in October 2011 totaled 29,828 tonnes, dropped by 18.5% MoM from September 2011 and decreased by 23.7% YoY. Among them, 13,536 tonnes were exported to South... |
Chinese stainless steel plates exports up by 70pct YoY - 12/12/2011 5:48:00 AM ET
According to data released by the Chinese customs, China exported 1.4575 million tonnes of steel plates in the first 10 months of 2011, surged substantially by 70.56% YoY. Among them, the exports of cold rolled stainless steel sheets totaled 451,200 tonnes, increased by... |
Baoshan Iron & Steel to sell stainless steel unit to Baosteel Group - 12/12/2011 5:46:00 AM ET
Reuters reported that Baoshan Iron & Steel Co Ltd said that it would sell its stainless steel unit to its parent, Baosteel Group, to optimise asset allocation. Baoshan Iron & Steel said in a filing to the Shanghai Stock Exchange that the estimated book value of the... |
ECR Minerals reports best copper grade so far this year at Copper Flat project - 12/11/2011 6:35:00 AM ET
ECR Minerals announced further high grades from drilling at the Copper Flat copper, molybdenum, gold and silver project in New Mexico. The figures included the highest grade copper result so far received in 2011. Associate THEMAC Resources Group, in which ECR holds... |
Peru metals production up in October 2011 - 12/11/2011 6:31:00 AM ET
Peru's Ministry of Energy and Mining reported the production of iron ore, gold, tin and molybdenum all increased in October 2011. However, Peruvian copper, lead and zinc output all declined during the same period, the ministry reported. Gold production was up 8.06% from... |
Japanese stainless steel exports down by 4pct YoY in October - 12/11/2011 6:20:00 AM ET
According to statistics, Japan exported 100,295 tonnes of stainless steel in October 2011, down by 6.53% MoM as compare to 107,297 tonnes in September and dropped by 3.96% YoY from 104,435 tonnes in October 2010. However, the country's exports of stainless steel reached... |
EU stainless steel prices soften in December on cut in inventory - 12/11/2011 6:19:00 AM ET
It is reported that the prices of 304 grade cold rolled stainless steel sheet softened in Europe due to buyers' cut in inventory. At present, the transaction prices have dropped to EUR 1,030 to EUR 1,080 per tonne from EUR 1,050 to EUR 1,100 per tonne in November 2011. ... |
Japanese October stainless steel scrap imports up by 14pct MoM - 12/10/2011 7:24:00 AM ET
According to data, Japan imported 15,215 tonnes of stainless steel scraps in October 2011, up by 14.7% MoM. Besides, the average import prices of stainless steel scrap in October 2011 were at JPY 171,464 per tonne, down by 5.6% YoY. It is analyzed that the decreased... |
Allegheny Technologies Declares Quarterly Dividend - 12/9/2011 11:52:00 AM ET
PITTSBURGH--(BUSINESS WIRE)--Quarterly Dividend |
Allegheny Technologies Elects New Director - 12/9/2011 8:43:00 AM ET
PITTSBURGH--(BUSINESS WIRE)--New Director |
USITC reviews AD duty on welded stainless steel pipe from Korea and Taiwan - 12/9/2011 6:00:00 AM ET
On the basis of the record developed in the subject five year reviews, the United States International Trade Commission determines, pursuant to section 751(c) of the Tariff Act of 1930 (19 USC 1675(c)), that revocation of the antidumping duty orders on certain welded... |
Japanese imported ferroalloys market report as of Nov 30 - 12/8/2011 6:11:00 AM ET
Market outlook in Japan of the imported ferroalloys as of November 30th 2011 is as follows: General view Slump in stainless steel industry is looming up, much closer. Major mills are operating at less than 70% of their capacity. Nisshin, the only one whose mills were... |
Webco Industries, Inc. Reports Fiscal 2012 First Quarter Results - 12/7/2011 10:05:00 AM ET
SAND SPRINGS, Okla.--(BUSINESS WIRE)--Webco Industries, Inc. (OTC: WEBC) today reported results for its fiscal 2012 first quarter ended October 31, 2011. For its fiscal 2012 first quarter, the Company reported net income of $2.8 million, or $3.63 per diluted share, compared... |
Update on Chinese stainless steel import and export in October - 12/7/2011 6:12:00 AM ET
According to data from China Customs, China imported 602,300 tonnes of stainless steel plate in the first 10 months of 2011, a decrement of 109,300 tonnes from the counterpart period of 2010 or down by 15.36% MoM; the exports in the same period totaled 1.4575 million... |
Japanese October stainless steel exports down by 6.53pct MoM - 12/6/2011 6:10:00 AM ET
According to statistics, Japan exported 100,295 tonnes of stainless steel in October 2011, down by 6.53% MoM in comparison of 107,297 tonnes in September and dropped by 3.96% YoY from 104,435 tonnes in October 2010. In addition, Japan's total exports of stainless steel... |
Stainless steel inventory dropped in Foshan market in mid Nov - 12/6/2011 6:08:00 AM ET
According to statistics, the inventory of stainless steel in Chinese Foshan market totaled 123,959 tonnes in the middle of November 2011, down by 1.44% from that in half month ago. Among them, the stock of cold rolled stainless steel totaled 54,934 tonnes, dropped by... |
Short Sellers Place Record Bet on Molycorp as Rare Earths Sink - 12/5/2011 2:42:00 PM ET
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ATI Announces Long-Term Agreement With Goodrich Corporation - 12/5/2011 8:45:00 AM ET
PITTSBURGH--(BUSINESS WIRE)--Goodrich Long Term Agreement |
SteelGuru directory of stainless steel supply chain in China - 12/5/2011 6:48:00 AM ET
China remained the world’s number one producer of stainless steel in 2007 accounting for more than one quarter of 27.6 million tonnes of global output. Directory of Stainless steel supply Chain in China is one of the top sources of information available on a... |
Thor Mining confident of profitable operation at Molyhil molybdenum project - 12/5/2011 6:47:00 AM ET
Thor Mining said that it is very confident its Molyhil tungsten and molybdenum project in Australia would be a profitable operation. Addressing shareholders at its annual meeting, executive chairman Mr Mick Billing said previous estimates from the reverse circulation... |
Upgraded stainless steel coaches are being manufactured at RCF - Mr Solanki - 12/5/2011 6:46:00 AM ET
Mr Bharatsinh Solanki minister of state for railways, in a written reply to a question in Rajya Sabha, said that coaches based on German technology are being manufactured at Rail Coach Factory, Kapurthala since 2001 and are presently being run in premium services like... |
Tisco Announce ferronickel purchase price for Dec 2011 - 12/4/2011 7:23:00 AM ET
Taigang Stainless Steel adjusts purchase price for high carbon ferronickel in December delivery at CNY 1290 per Ni., down CNY 180 from prior price. The price above includes 17% VAT, pay by cash, delivered to plants. (Source: ) China steel information centre and |
Global molybdenum market depends a lot on China - Mr Jahangir - 12/4/2011 7:21:00 AM ET
In an interview with Roskill Information Service on the third day of 'Molybdenum week', Mr Khayyam Jahangir manager of Steel Alloys Research said that "China is in the focus again, today we take a closer look at the market developments behind molybdenum price decline in... |
SteelGuru directory of stainless steel supply chain in China - 12/3/2011 6:01:00 AM ET
Published in February 2011, 'Directory of Stainless steel supply Chain in China' has been comprehensively researched and prepared, to bring you a fully up to date guide to China Stainless steel supply Chain in China. This directory will be extremely useful to businesses... |
ThyssenKrupp to divest stainless by 2012 end - CEO - 12/3/2011 5:59:00 AM ET
Reuters quoted Mr Heinrich Hiesinger CEO of ThyssenKrupp AG as saying that it wants to carry out the divestment of its stainless steel business by around the end of 2012 and will make a decision in the course of next year whether to float, sell or spin off the business. ... |
ThyssenKrupp reports huge losses on stainless steel business - 12/3/2011 5:58:00 AM ET
German steel giant ThyssenKrupp said that it booked heavy losses in its business year just ended owing to massive EUR 2.9 billion in write downs on its US and stainless steel businesses. ThyssenKrupp said in a statement that it booked bottom line net loss of EUR 1.783... |
Outokumpu Stainless Pipe hikes base prices of stainless steel pipes - 12/2/2011 6:04:00 AM ET
It is reported that Outokumpu Stainless Pipe announced to hike the base prices of stainless steel pipe to reflect the raw material prices. It is known that the company is raising the base prices of stainless steel pipes by 14% to 16%. Earlier, Bristol Metals, another... |
US private equity bids for ThyssenKrupp Terni - Report - 12/2/2011 6:00:00 AM ET
Reuters reported that a US private equity firm has bid for the Italian stainless steel assets of German steelmaker ThyssenKrupp, a move that may propel a structural change in the European stainless steel industry. A source at Germany's biggest steelmaker said the group... |
Taigang Stainless Steel hikes its bid prices for ferrochrome - 12/1/2011 6:15:00 AM ET
It is reported that China's Taigang Stainless Steel hiked its bid prices of ferrochrome by CNY 300 per tonne to CNY 7,300 per tonne after failing the bid. A trader indicated that ferrochrome manufacturers are reluctant to sell the materials to Taigang Stainless Steel... |
Taishan Steel adjusts industrial structure to grab market share - 12/1/2011 6:13:00 AM ET
The stainless steel department of Taishan Steel this year turns market-oriented, substantially adjusting product structure and intensifying efforts on new product research. Consecutively, the mill develops the series 200, 300 and 400 stainless steel of over 20... |
Molycorp Forms Rare-Earth Joint Venture With Japan's Daido Steel, Mitsubishi - 11/30/2011 1:44:00 PM ET
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Taiwanese stainless steel prices may drop further this week - 11/30/2011 6:16:00 AM ET
Last week, the base metal prices at LME performed unstable and the nickel prices went down all the way to USD 16,950 per tonne from USD 17,800 per tonne. Affected by the unsatisfactory performance, Taiwanese stainless steel prices may drop further this week. Dealers... |
Global stainless steel market upturn likely in early 2012 - MEPS - 11/30/2011 6:15:00 AM ET
UK based MEPS said that all the leading stainless steel producers in the United States have announced increases to basis values or reduced discounts for flat products, effective for January 2012 deliveries. European mills have either attempted, unsuccessfully, to... |
Molycorp delivers on magnet-making jv - 11/29/2011 12:51:00 PM ET
In August Molycorp's (MCP-N) proposed partnership with Hitachi Metals to create a joint-venture that would manufacture neodymium-iron-boron (NdFeB) alloy and permanent rare earth magnets fell through when the two companies failed to reach... [Full Story] |
Molycorp to Present at Upcoming Investor Conference - 11/29/2011 9:17:00 AM ET
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP) today announced that it will present to the investment community at the following conference in New York, NY. November 30, 2011 at 11:45 AM ET: J.P. Morgan SMid Cap Conference in New York. Webcast... |
Yeun Chyang sees November shipping volumes dropping by 10pct MoM - 11/29/2011 5:24:00 AM ET
Taiwan's major stainless steel service center Yeun Chyang said that some of its customers have requested to delay shipment due to the weaken market situation. Thus, Yeun Chyang expected its November 2011 shipping volumes may decrease by 10% MoM from that in October. ... |
POSCO SS to keep stainless steel long products prices unchanged for December - 11/29/2011 5:23:00 AM ET
It is reported that South Korean POSCO Specialty Steel announced to remain the prices of austenitic stainless steel wire rod and bar unchanged for December 2011 shipments. According to the official of the company, it decided to leave the prices of stainless steel long... |
Molycorp, Daido Steel, & Mitsubishi Corporation Announce Joint Venture To Manufacture Sintered NdFeB Rare Earth Magnets - 11/28/2011 11:30:00 AM ET
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP) (Molycorp), Daido Steel Co., Ltd. (Daido), and Mitsubishi Corporation (Mitsubishi) today announced the formation of a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB)... |
Plaintree Systems Inc Another Profitable Quarter for Q2-2012 - 11/28/2011 8:00:00 AM ET
OTTAWA, Ontario--(BUSINESS WIRE)--Plaintree Systems Inc. (Plaintree, traded on CNSX under the symbol NPT). Q2-2012 Results Plaintree announced today that it has released its unaudited interim condensed consolidated financial statements and related management discussion and... |
Bistro Metals to raise stainless steel pipe prices by 14pct for December shipment - 11/28/2011 5:58:00 AM ET
It is reported that Bristol Metals, one of the major stainless steel pipe manufacturers in the US, has planned to raise its base prices of stainless steel pipes by 14% in response to current increases in stainless steel flat products in the US market. The new price... |
POSCO to post record production of stainless steel in 2011 - 11/28/2011 5:54:00 AM ET
Bloomberg reported that POSCO will report record production of stainless steel this year and expects to maintain that pace in 2012 supported by demand from emerging markets. Mr Suh Young Sea senior VP of POSCO said in an interview in Seoul that output of stainless steel... |
MRVC inks deal with Bombardier for 72 new stainless steel trains - 11/27/2011 5:15:00 AM ET
It is reported that the Mumbai Rail Vikas Corporation has signed an agreement with Bombardier Transportation to provide 72, 12 car rakes, under the Mumbai Urban Transport Project Phase 2. While improvements in the new rakes are expected, what would hit the eye first the... |
Production pruning - Chinese nickel pig iron producers cut output - 11/27/2011 5:14:00 AM ET
Dow Jones reported that Chinese nickel pig iron producers are reducing output tracking thinner demand from stainless steel makers due to lower refined nickel prices amid persistent worries over the euro zone debt crisis. However, supply cuts of nickel pig iron, a cheap... |
Freeport to vary output as it starts moly mine - CEO - 11/25/2011 7:21:00 AM ET
Reuters cited Mr Richard Adkerson president and CEO of Freeport McMoran Copper and Gold Inc as saying that the company will complete its Climax molybdenum project sometime around the end of 2011 and will ramp up production during 2012 but will vary output according to... |
Gareth Hatch: Navigating the Rare Earth Metals Landscape - 11/24/2011 7:45:00 PM ET
 Gareth Hatch, co-founder of Technology Metals Research LLC, gives us the lay of the land in the rare earth sector. Many variables are shaping this developing market, and from calculating global demand to anticipating individual project costs, data makes the difference in determining viable investments. Gareth Hatch gets down to the nitty gritty in this Critical Metals exclusive, and comes up with some promising projects in the works. |
Japanese crude stainless steel output down by 8pct MoM in Sept - 11/24/2011 6:06:00 AM ET
According to statistics, Japan produced 296,870 tonnes of crude stainless steel in September, decreased by 8% MoM in comparison of 316,062 tonnes in August 2011. Among them, JFE Steel produced 74,053 tonnes, down by 3% MoM; Nippon Steel & Sumikin Stainless Steel... |
MOLYBDENUM-COPPER EXPLORATION: First assays from MAC project are promising - 11/23/2011 4:59:00 PM ET
BRITISH COLUMBIA - Stratton Resources of Vancouver has released the first set of assays from its MAC molybdenum-copper project 80 km northwest of Fort St. James. The best result so far is 0.123% Mo and 0.219% Cu over 93 metres. The work is... [Full Story] |
Research and Markets: Nickel & Stainless Steel Weekly Report: news, prices and outputs in China - 11/23/2011 3:09:00 PM ET
DUBLIN--(BUSINESS WIRE)--Research and Markets () has announced the addition of Beijing Antaike Information Development's "Nickel & Stainless Steel Weekly Report" subscription to their extensive offering of metal market research publications. Published every Thursday, the... |
Baosteel cuts domestic stainless steel products prices for December shipment - 11/23/2011 6:21:00 AM ET
It is reported that Baosteel has decided to cut the domestic prices of 300 series stainless steel products for December 2011 shipment in response to slack spot market. Also, the company will decrease the domestic prices of 400 series cold rolled coil by CNY 200 per tonne... |
Chinese stainless steel flat products exports in October down by 32pct MoM - 11/23/2011 6:19:00 AM ET
According to statistics released by China's customs, China exported 100,029 tonnes of stainless steel flat products in October 2011, down by almost one third in comparison of 149,190 tonnes in September 2011. It is analyzed that the declined exports of stainless steel... |
Walsin Lihwa to Invest Over NT$7 B. in Capacity Expansion for Specialty Steel in Taiwan and China - 11/23/2011 6:10:00 AM ET
Taipei, Nov. 23, 2011 (CENS)--To explore huge business potential of China's stainless steel market, the Taiwan-based Walsin Lihwa Corp., a large-sized supplier of steel and related products, ... |
IM tours Los Bronces expansion project which is ramping up on schedule - 11/23/2011 2:38:00 AM ET
Anglo American has announced the delivery of the first copper production on schedule from its Los Bronces expansion project in central Chile, visited by IM Editor Paul Moore on November 22. The expansion is expected to more than double (on average over the first three years... |
COPPER-MOLYBDENUM EXPANSION: Imperial to add seven years to Huckleberry mine - 11/22/2011 5:00:00 PM ET
BRITISH COLUMBIA - Imperial Metals of Vancouver is preparing its Main zone optimization (MZO) plan that will add seven years to the life of the Huckleberry copper-molybdenum mine 123 km south of Houston by expanding the Main zone pit and... [Full Story] |
Universal Stainless cuts alloy surcharge for December shipment - 11/22/2011 6:12:00 AM ET
It is reported that Universal Stainless & Alloy will cut alloy surcharge by 8.89% averagely for December 2011 shipment. 7 After the adjustment, the December 2011 alloy surcharge for 304 series stainless steel products is at USD 2,161 per tonne, down by 9.26%; that for 316... |
Japanese stainless steel exports up by 7.7pct MoM in October - 11/22/2011 6:09:00 AM ET
According updated data from (Japan Iron & Steel Federation, Japan exported 107,297 tonnes of stainless steel in October 2011, up by 7.7% MoM from 96,895 tonnes of September 2011. Among all exports, those to Taiwan gained 92.1%, those to China jumped up by 8% those to USA... |
Japanese stainless steel flat products exports up by 27pct YoY in September - 11/22/2011 6:06:00 AM ET
According to statistics released by Ministry of Finance Japan, Japan exported 36,581 tonnes of stainless steel flat products in September 2011, surged by 22.4% MoM from August 2011 and soared by 27% YoY. Among them, the exports of stainless steel flat products to South... |
Canadian stainless steel sink manufacturers complain over unfair dumping from China - 11/22/2011 6:05:00 AM ET
It is reported that two local manufacturers are getting federal government action over what they worry is unfair dumping of cheap Asian goods into the Canadian marketplace. Mr Frank Brazda VP & GM at Coldwater's Novanni Stainless Inc said that he's happy with a Canada... |
Molycorp says rare earth price plunge may crimp mine funding - 11/21/2011 6:00:00 PM ET
Molycorp Inc., owner of the largest rare-earth mine outside China, said new developers may face difficulty funding new operations after prices plunged. |
Marifil Mines Ltd. (TSXV: MFM) Experts in Argentina, is Diversified to Profit in Both Economic Ups and Downs - 11/21/2011 2:52:00 PM ET
A diversified portfolio of base and precious metals, industrial minerals and fertilizers position Marifil Mines Ltd. as a great place to invest. As John Hite, President and Director, Marifil Mines Ltd., says, whether the economy recovers or the current economic downturn continues, Marifil is on a firm footing. He adds, “People always have to eat,” thus ensuring continued demand and profit from their fertilizer projects |
Molycorp: A Made-in-America solution - 11/21/2011 12:49:00 PM ET
In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company's Mountain Pass... [Full Story] |
Research and Markets: Stainless Steel World Magazine - 11/21/2011 6:17:00 AM ET
DUBLIN--(BUSINESS WIRE)--Research and Markets () has announced the addition of the "Stainless Steel World Magazine" subscription to their offering. Stainless Steel World Digital Magazine is the digital version of Stainless Steel World Magazine. Stainless Steel World... |
Taiwanese stainless steel market flat on steady raw material costs - 11/21/2011 5:49:00 AM ET
Though the nickel prices at LME have stayed steady at USD 18,000 to USD 18,500 per tonne, Taiwanese stainless steel market still remains sluggish due to poor demand. It is known that Taiwanese major stainless steel mills including Yieh United Steel Corporation, Tang Eng... |
Copper Fox announces completion of 2 diamond drilling holes at Schaft Creek - 11/20/2011 5:37:00 AM ET
Copper Fox Metals announced results from two diamond drill holes completed in the Paramount Zone of its Schaft Creek copper, gold, molybdenum and silver deposit in BC with results pointing to higher metal and copper equivalent grades than in the latest resource estimate for... |
Molycorp Says Rare Earth Price Plunge May Crimp Mine Funding - 11/20/2011 5:31:00 AM ET
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Taiwanese Tang Engg October sales revenue to rise slightly - 11/20/2011 5:15:00 AM ET
Tang Engg, known as one of the major stainless steel producers in Taiwan announced its October 2011 sales revenue was at TWD 1.802 billion, up slightly by 2.7% from September 2011. Tang Engg said though its October shipping volumes increased by 10% from that in... |
Japanese mills holding out for price of Ni system cold stainless sheets - 11/20/2011 5:14:00 AM ET
TEX reported that the export price of nickel system cold rolled stainless steel sheets in the Asian area dipped below the USD 3,000 CNF mark to the level of USD 2,900 CNF which dropped by USD 200 or so from one month before. Under such situation, the Japanese mills are... |
US ITC may lift AD duty against stainless steel imports from certain countries - 11/20/2011 5:13:00 AM ET
It is reported that the United States International Commission on Trade is considering lifting a current anti dumping duty order against certain stainless steel imports from the Philippines, Malaysia and Italy ahead of the measure's expiration in December 2011. The... |
Kibar Holding seeks to meet Turkish stainless steel needs - 11/20/2011 5:12:00 AM ET
Speaking at the 6th SteelOrbis Turkish Steel Market Conference, held in Istanbul on November 18th 2011 with the sponsorship of Turkish integrated steelmaker Erdemir, Mr Mehmet Aydin project coordinator of Kibar Holding, stated in his presentation that, although Turkey's... |
AK Steel to hike base prices for all products wef Jan 1 2012 - 11/19/2011 6:59:00 AM ET
AK Steel has announced that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on January 1st 2012. AK Steel said that this increase will be achieved through a reduction in the functional discount... |
Jiangsu Daming inks stainless steel purchasing contract with TISCO - 11/19/2011 6:57:00 AM ET
It is reported that Jiangsu Daming Metal Products has entered into stainless steel purchasing contract with Taiyuan Steel. Under the contract, Jiangsu Daming will purchase stainless steel from TISCO during January 2012 to late 2014 period. (Source: ) China steel |
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