The MEPS world average stainless steel price is expected to extend its slow recovery due to rising raw material costs and local supply tightness in several regions. The world average price for 304 cold rolled coil increased, marginally, this month, to a figure...

The domestic steel product orders in Japan recorded marginal decline during the first half of the current year. Meantime, government trade data suggests that steel exports by the country climbed higher during July, the latest month for which data is available.

The forecast from Baoshan Iron & Steel, or Baosteel, comes at a time when China, the world’s top producer of the alloy, is stepping up efforts to slash a huge overcapacity that has boosted cheap exports amid slowing demand at home.

Zimbabwe’s largest ferrochrome producer, Zimasco, currently under provisional judicial management, has approached banks it owes $35 million for a six and half year moratorium on interest on the pre-judicial management debts.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

ON one chilly morning in July last year, three men walked into Zimasco’s Harare offices. They wanted to see the man in charge and had a business proposal.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

AS SOUTH Africa regained its top spot as the world’s biggest ferrochrome producer, Merafe Resources, the junior partner in the Glencore-Merafe Chrome Venture, said the venture was well placed to take advantage of improved demand and reduced output in the coun...