Global insight

NSSC Keeps Stainless CRC Prices unchanged for Jan

Nippon Steel & Sumikin Stainless (NSSC), the largest stainless steel producer in Japan announced to hold its domestic prices for austenitic grade cold rolled coils (CRC) and ferritic CRC unchanged for December contracts.

Thursday, December 10, 2015

Sherritt's Nickel Output Climbs at Ambatovy JV

Canada’s Sherritt International Corporation said the nickel output for the Ambatovy Joint Venture totaled 4,006 tons (100% basis) in November, climbing by 3.6% compared to the last month.

Thursday, December 10, 2015

China’s Baosteel to Leave Medium Plate Prices Unchanged for Jan

China’s Baosteel has announced to leave its prices for medium plate unchanged in January.

Thursday, December 10, 2015

China, Russia to Expand Energy Cooperation

Chinese Vice Premier Zhang Gaoli met with Russian natural gas company Gazprom CEO Alexei Miller here on Tuesday, calling for closer strategic energy cooperation between the two neighbors.

Thursday, December 10, 2015

Ferro-alloys Units Demand Subsidised Power to Survive

High power tariff and lack of support from the government are bane of the ferro-alloys units in Andhra Pradesh where 29 of the 35 units have been shutdown so far. The industry fears that if the situation does not improve, it would ring the death knell for the ...

Thursday, December 10, 2015

IFM Business Rescue Plan Approved

The business rescue plan recommending the sale of London-listed International Ferro Metal’s (IFM’s) embattled South African subsidiary has been approved by creditors. The business rescue practitioner for the ferrochrome producer would now seek to negotiate a...

Wednesday, December 9, 2015

IFM SA Placed on Business Rescue

Deteriorating business conditions have pushed London-listed International Ferro Metals’ South African subsidiary (IFM SA) into business rescue proceedings.

Wednesday, December 9, 2015

SA Exports to China to Flourish

South Africa is China’s biggest trading partner in the African continent and its 20th in the world.Currently, main exports to China include iron ore, steel, manganese, chrome ore

Wednesday, December 9, 2015
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