[Ferro-Alloys.com]IIt is reported that Pakistan government is likely to abandon its PSM steel acquisition, due to unable to gain the benefits in the short term.
The share price of nickel miner Panoramic Resources tumbled by more than 30% on Wednesday, after the company announced that its Savannah operation, in Western Australia, would be placed on care and maintenance.
United States Steel Corporation has announced this week that its Lone Star Texas pipe factory would lay off 677 workers, due to weak demand in the energy sector. The company has not yet set the layoffs start date, but it will be temporary.
The plant to idle...
[Ferro-Alloys.com]It is reported that Chinese ferrosilicon producers finally became winner in price war with steelmakers after long time pain. On the one hand, suppliers in China have no longer competed with each other at lower price.
Taiwan’s Chung Hong has announced to hike its February steel list prices are at NT$200-1000/ton yesterday. It expects that Taiwan’s pipe producers will expect to increase steel pipe prices this Friday.