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Global insight

US Crude Steel Weekly Output Rises further

[Ferro-Alloys.com]For the week ended January 23, US’s domestic crude steel production was 1.67 million short tons, the capacity utilization was 69.8%. Meanwhile, US’s crude steel production output fell 7.6% year on year, and an increase of 1.1% month on mont...

Friday, January 29, 2016

US town rejects solar panels amid fears they 'suck up all the energy from the sun'

Members of the public in Woodland, North Carolina, expressed their fear and mistrust at the proposal to allow Strata Solar Company to build a solar farm off Highway 258.

Thursday, January 28, 2016

Mincor Readies to Suspend WA Ops

ASX-listed nickel miner Mincor on Wednesday told shareholders that it was on track to suspend mining operations at its Mariners and Miitel mines, in Western Australia. The company noted that over the last 12 months, Mincor had responded rapidly to the deterior...

Thursday, January 28, 2016

Japanese Nickel-containing Stainless Steel Scrap Purchasing Prices Continue to Fall

[Ferro-Alloys.com]IIt is reported that Japanese nickel-containing stainless steel scrap purchasing prices has dropped below to ¥100,000/ton in middle January, down by ¥5,000/ton compared to early January.

Thursday, January 28, 2016

Western Areas Reports Another Strong Quarter

Nickel miner Western Areas has reported another strong quarter in the three months to December, with miner production reaching 157 481 t, grading an average 4.4% nickel for 6 917 t of nickel. This compared with the 7 062 t produced in the previous quarter. Wes...

Thursday, January 28, 2016

Posco Plans to Sign An Agreement to Invest PKP Steel

[Ferro-Alloys.com]ISouth Korea's Posco has planned to sign a preliminary agreement with Iranian steelmaker PKP in March to buy a stake in US$1.6 billion steel mill project in the Middle Eastern country.

Thursday, January 28, 2016

Panoramic Idles Savannah on Weak Nickel Prices

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.

Thursday, January 28, 2016

US Steel plans to cut jobs at its Texas pipe factory

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...

Thursday, January 28, 2016