Posted on November 3rd, 2011 No comments
The scale of China’s stainless steel scrap usage will remain dependent on the LME (London Metals Exchange) nickel price, according to the guest speaker at the Bureau of International Recycling’s (BIR) Stainless Steel & Special Alloys Round-Table in Munich held in late October. Sven Tollin, chief statistician at the Portugal-based International Nickel Study Group (INSG), charted the steep rise in China’s nickel pig iron (NPI) production – from zero in 2005 to around 170,000 metric tons in 2010 – and also the “enormous” decline in the country’s stainless scrap imports from approaching 380,000 metric tons in 2009 to nearer 80,000 metric tons last year. NPI became a preferred option in China when LME nickel prices were higher than, typically, around $20,000 per metric ton, it was suggested
Paper group will be holding its annual meeting Nov. 10-13 in Austin, Tex.
PSI Announces Dates for Fall Conference
Scheduled to start the fourth quarter of this year.
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LKQ Tabs Quinn for CFO Position
Plastics company sees strong demand for its Royalite product line.
Despite improving fundamentals, residual impact of significant downturn forces smelter to file for reorganization.
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Secondary Aluminum Smelter Files for Bankruptcy Protection