Steel demand seen rising later in '09

Wed, 07 Jan 2009 05:50:00 GMT
Calling the short-term view for the global steel industry dismal, Fitch Ratings Inc., New York, on Friday nonetheless indicated that demand for steel should improve later this year as central banks...
Tags: Steel

Chromex in offtake talks despite low Chrome ore demand

Wed, 07 Jan 2009 05:44:00 GMT
Chromex is in talks with two possible offtake partners for its chrome ore, despite low demand and production cuts at the company’s operations in South Africa, it said on Tuesday. Although Chr...
Tags: Chrome Ore

Titanium Industries selects Martin to head HPM division

Wed, 07 Jan 2009 05:43:00 GMT
Titanium Industries Inc., which 18 months ago began distributing non-titanium products, has appointed the first head of its new High Performance Metal (HPM) division. The Rockaway, N.J.-based servi...
Tags: Titanium

ATI Allvac lowers titanium surcharge 24% for 1st. qtr.

Wed, 07 Jan 2009 05:41:00 GMT
A benchmark raw material surcharge on titanium has plummeted nearly 24 percent for the first quarter. ATI Allvac, the Monroe, N.C.-based unit of Allegheny Technologies Inc. (ATI), has cut its first...
Tags: Titanium

Manganese Ore India cuts prices by 55-65%

Wed, 07 Jan 2009 05:36:00 GMT
State-owned Manganese Ore India Ltd (Moil) has cut its ore prices by 55-65% for January-March delivery. Ferro-manganese ore prices were cut by 55%. Prices of high-grade Balaghat ore of 49.5% mangan...
Tags: Manganese OreIron Ore

Tungsten Carbide Market Stable in India

Wed, 07 Jan 2009 05:25:00 GMT
Tungsten carbide market remains in low demand in India, prices remain stable after the New Year holiday with few deals concluded. An Indian tungsten carbide trader confirmed the quiet market but st...
Tags: Tungsten Carbide

Defunct defense contractor Axion sues old rival as cause of failure

Wed, 07 Jan 2009 02:17:00 GMT
The Huntsville defense contractor that beat the federal government last year has sued a rival firm, saying Allegheny Technologies Inc. sabotaged its source of raw materials and encouraged prosecuto...
Tags: Tungsten

Victory Nickel Updates Minago Resource Estimate

Wed, 07 Jan 2009 02:15:00 GMT
Victory Nickel Inc. (Victory Nickel or the Company) (TSX: NI: 11.13, -0.05, -0.45%) (www.victorynickel.ca) today announced that it has received a revised resource estimate for its 100%-owned Minago...
Tags: Nickel

Iron-ore prices should fall to 07/08 levels – steelmaker

Wed, 07 Jan 2009 02:15:00 GMT
JFE Steel Co President Hajime Bada said on Tuesday the company wants prices of iron ore and coking coal for term supply in 2009/10 business year to fall to at least 2007/08 levels due to a precipit...
Tags: Iron Ore

Moly Mines price target cut

Wed, 07 Jan 2009 02:12:00 GMT
Wellington West analyst Catherine Gignac cut her price target on Moly Mines Ltd. by more than half on Monday due to financing uncertainty at its Spinifex Ridge mine in Australia. Ms. Gignac reduced...
Tags: Molybdenum Ore