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Samancor Warns of Job Cuts

The low chrome ore price has forced Samancor Chrome to consider job cuts, which could affect as many as 280 employees, Solidarity said on Friday. “Despite the implementation of several measures at all our business units, the decrease of the ferrochrome market...

Sunday, February 14, 2016

Lack of Raw Materials Pushes VISA Steel into SDR Corner

VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015, after an earlier restructuring exercise failed to deliver ...

Sunday, February 14, 2016

Taiwan's Yieh Hsing to hike wire rod prices

Yieh Hsing Enterprise, one of the major wire rod producers in Taiwan released its price policy for February. The company decided to raise list prices for killed steel wire rods by NT$600/ton and hold prices for Al-killed steel wire rods unchanged. Meanwh...

Sunday, February 14, 2016

Vietnam steel prices slightly down in Jan

Vietnam Ministry of Price administration said in January this year, Vietnam steel production and sales were both down. Among them, Vietnam steel production was about 575,000 tons, down by 5,000 tons month on month; those for sales amounted to 540,000 tons,...

Sunday, February 14, 2016

OM Materials Boosts Ouput as more Plants Come Onstream

[Ferro-Alloys.com]OM Materials (Sarawak) Sdn Bhd-owned ferrosilicon alloy smelting plant in Samalaju Industrial Park, Bintulu has continued to ramp up its production as more new smelting facilities are commissioned.

Sunday, February 14, 2016

Fimi Calls for Removal of Export Duty on Chrome Ore

The Federation of Indian Mineral Industries (Fimi) has called for the removal of 30 per cent export duty on chrome ore. Also, in view of the surging imports of both chrome and manganese ore, it demanded imposition of safeguards duty of 50 per cent on these two...

Sunday, February 14, 2016

Nippon Denko to Post Non-operating Expense and Extraordinary Loss

On February 2, Nippon Denko Co., Ltd. announced that it will post a non-operating expense and an extraordinary loss and make a downward adjustment on its anticipated business results before releasing its consolidated business results in the fiscal year 2015.

Sunday, February 14, 2016

China Progressing in Steel Overcapacity Cut

China has taken concrete steps to reduce steel overcapacity, China's Ministry of Commerce (MOC) said on Saturday, in response to encouragement from the European Union (EU).

Sunday, February 14, 2016
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