Global insight

Chrome producers fail to meet demand

Apple Bridge, a Special Purpose Vehicle created by Government last year to facilitate chrome ore trade is sitting on firm orders of between 12 000 and 15 000 tonnes of chrome every month but lack of capacity from producers is hampering its efforts to meet dema...

Wednesday, September 14, 2016

US Steel Mill Capability Utilization Falls Below 70%

[www.ferro-alloys.com]The US steel industry's capability utilization rate fell last week below 70% for the first time since the week ended January 30, American Iron and Steel Institute data showed Monday.

Wednesday, September 14, 2016

Weak Pound Buoys Tata Steel's UK Ops but Post-Brexit Worries Remain

[www.ferro-alloys.com]Benefits from the pound's depreciation and current restructuring not withstanding, India's largest private-sector steelmaker, Tata Steel, is still cautious about its U.K. operations and is carefully weighing its options. The Mumbai-based ...

Tuesday, September 13, 2016

Bear acquisition adds FeV, FeMo to Yildirim portfolio

Chrome veteran Robert Yildirim bought Bear Metallurgical to expand into new ferro-alloys markets, the Turkish billionaire told Metal Bulletin as he hinted at future acquisitions.

Tuesday, September 13, 2016

Mining sector under growing siege

ZIMBABWE’S mining sector is under siege as key minerals — diamonds, chrome and coal—are performing below par despite government’s previous efforts to institute reforms to ramp up production.

Tuesday, September 13, 2016

ECC Disallows PSM to Sell Rs Five Billion Unfinished Inventory

[www.ferro-alloys.com] Economic Co-ordination Committee (ECC) of the Cabinet has not allowed Pakistan Steel Mills (PSM) to sell unfinished inventory of Rs 5 billion to meet its financial commitments including payment of salaries, well informed sources told Bus...

Monday, September 12, 2016

Portnex operations shut down

SMELTING operations at Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) West Plant, which is being leased to Portnex International, were shut down on Thursday last week after Zimbabwe Electricity Supply Authority switched off the company for disregardi...

Monday, September 12, 2016

Zimasco: Inside the smoke and mirrors corporate raiding game

IN the wake of rejection, Portnex went back to the drawing board. What would follow was an excellent stratagem to engineer a take-over. This time, with the help of the legal system, writes Zimbabwe Independent’s business editor Chris Muronzi in this third ins...

Monday, September 12, 2016
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