Global insight

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

Zimbabwe: Zimasco Still Pursues Judicial Management

Zimbabwe's largest ferrochrome producer Zimasco is still pursuing judicial management amid reports that some of the creditors had started attaching the company assets in a bid to recover debts.

Sunday, February 14, 2016

Samancor Chrome Issues Section 189 and Starts Union Consultation Process

Samancor Chrome, the South African chrome mining company and ferrochrome producer on Friday issued a Section 189 notice to all the recognised unions representing staff across all operations and corporate office.

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

Global Steel Production Falls, A Biggest Drop in 6 Years

[Ferro-Alloys.com]World Steel Association(WSA) has announced on January 25 that global steel production totaled 1.62 billion tons in 2015, down by 2.8% year on year.

Sunday, February 14, 2016
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