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Global insight

Japan’s steel demand is expected to continue to decline in Q2

According to the Japan Economic and Industry forecasting, in the 2nd quarter of this year, Japan's crude steel output is expected to fall by 2.4% year on year, decline by 2.7% month on month to 25.24 million tons. Among them: Japan’s ordinary steel demand ...

Tuesday, April 12, 2016

United Kingdom industrial output continues to drop in February, steel workers will face jobs cut

United Kingdom industrial production unexpectedly fell in February, means that the industrial sector may face economic downturn in the 1st quarter of this year. United Kingdom national statistics data released recently showed that United Kingdom industrial ...

Tuesday, April 12, 2016

Turkish local pipe market demand remains steady

Last week, Turkish pipe market demand fell further. Market participants pointed out that Turkish domestic pipe market prices increased in the past two weeks, due to the hot-rolled coil prices increase of US$35/ton, but prices remained stable last week. Alt...

Tuesday, April 12, 2016

Italy Ilva plans to complete asset sales before the end of June

Italy group Gilva iron and steel company (Ilva) plans to sell its Maghreb Services Center in Tunisia and Tunisacier mills. Maghreb produces 22,000 tons of steel plate per year and Tunisacier mill produces 200,000 tons of galvanized sheet per year. Italy gov...

Tuesday, April 12, 2016

Tata Steel plans to joint venture with ThyssenKrupp

Tata Steel announced on March 29 that it would sell its United Kingdom steel mill after the company planned to talk with Germany ThyssenKrupp in Europe to set up joint ventures. But ThyssenKrupp group has not confirmed the joint venture plan, the group said...

Tuesday, April 12, 2016

CMS Strengthens Investment Strategy

[Ferro-Alloys.com]Cahya Mata Sarawak Bhd (CMS) has further raised its investment in OM Materials (Sarawak) Sdn Bhd (OM Sarawak), which owns a ferrosilicon and manganese smelting plant in Samalaju Industrial Park, Bintulu by subscribing to the latter’s convert...

Tuesday, April 12, 2016

Largo Announces Changes to Management Team

[Ferro-Alloys.com]Largo Resources Ltd. ("Largo" or the "Company") announces effective April 4, 2016, the promotion of Mr. Paulo Misk to President of Brazilian operations of Vanadio de Maracás S.A.

Tuesday, April 12, 2016

Japan’s nickel-containing Scrap Purchase Prices remain High in April

[Ferro-Alloys.com]Japan’s nickel-containing stainless steel scrap purchase prices were at ¥100,000-110,000/ton in April, in Kanto area, remained as high compared to March’s level.

Tuesday, April 12, 2016