Nonferrous RSS

  • ITA keeps duties on Chinese, South African ferrovanadium Mar 12, 2014

    In the final results of an expedited second sunset review of anti-dumping duties on ferrovanadium imports from China and South Africa, the U.S. Commerce Department’s International Trade Administration has decided that revocation of the existing duties would likely lead to a continuation or recurrence of dumping at margins ranging between 12.97 and 116 percent

  • Russia concerned by US dumping probes Mar 12, 2014

    A Russian trade representative has expressed concern about the U.S. Commerce Department’s dumping investigations into imports of ferrosilicon and grain-oriented electrical steel (GOES) from Russia.

  • General Moly posts net loss of $1.6M in 4th qtr. Mar 12, 2014

    Junior molybdenum miner General Moly Inc. posted a net loss of $1.6 million in the fourth quarter, a 20-percent improvement from a $2-million loss in the same period a year earlier.

  • Severe weather could cost Noranda $5.6M Mar 12, 2014

    Noranda Aluminum Holding Corp. could suffer a hit to first-quarter pre-tax income to the tune of as much as $5.6 million due to weather-related production issues.

  • Atlantic chairman Michael Minosora quits Mar 12, 2014

    Michael Minosora has resigned as chairman and managing director of Atlantic Ltd., which owns the operator of the Windimurra vanadium project in Western Australia.

  • CFTC mulling harmonized rules on clearing, trading Mar 12, 2014

    The U.S. Commodity Futures Trading Commission (CFTC) is seeking to establish rules to recognize foreign clearing houses and foreign trading venues.

  • Apollo cutting Noranda stake to 34 percent Mar 12, 2014

    Apollo Global Management LLC plans to slash its ownership stake in Noranda Aluminum Holding Corp. to 34 percent from 48 percent.

  • Industrial Heat Treating files for Chapter 11 Mar 11, 2014

    Industrial Heat Treating Inc. has filed for Chapter 11 bankruptcy protection as it grapples with unpaid loans, tax liens and other costs.

  • Noranda power rate could up Wal-Mart costs Mar 11, 2014

    Wal-Mart Stores Inc. could see increased power costs if Noranda Aluminum Holding Corp. is granted a lower electricity rate for its smelter in New Madrid, Mo., the giant retailer said in a filing with state regulators.

  • Antitrust suits vs. LME, banks to go on Mar 11, 2014

    A federal judge is allowing three groups of plaintiffs to pursue separate lawsuits against Goldman Sachs Group Inc., JPMorgan Chase & Co., their warehousing businesses and the London Metal Exchange.

  • Billet prices gain on pent-up optimism Mar 10, 2014

    Aluminum billet upcharges have increased on expectations of stronger demand in the spring and summer months, supply constraints and a continued tight scrap market, according to market sources.

  • Aleris hurt by narrowing spreads in 4th qtr. Mar 10, 2014

    Narrowing scrap spreads have continued to negatively impact Aleris International Inc.’s North American rolled product margins, executives said, citing weak London Metal Exchange prices and historically high U.S. Midwest aluminum premiums.

  • Silicon prices rise on steady demand Mar 10, 2014

    Silicon metal prices have continued to rise on steady demand as well as import and logistical constraints, market sources said.

  • Aleris outlook remains upbeat Mar 10, 2014

    Aleris International Inc. is betting on a better 2014 after a difficult 2013, the company’s top executive said.

  • Ferrosilicon producers seek delay in anti-dumping case Mar 10, 2014

    U.S. ferrosilicon producers have asked the U.S. Commerce Department’s International Trade Administration (ITA) to extend by 135 days its final decision in a dumping investigation into ferrosilicon imports from Russia.

  • Aleris logs loss on low prices, harsh winter Mar 10, 2014

    Aleris International Inc. swung to a loss in 2013 on softer aluminum prices, lower prices for its products and reduced sales volumes.

  • Secondary aluminum scrap prices up Mar 07, 2014

    Prices for secondary smelters’ aluminum scrap rose March 6, with sources noting that the market was being buoyed by a recent supply crimp that was largely caused by weather-related issues.

  • ITA’s FeSi ruling seen having little impact Mar 07, 2014

    Ferrosilicon market participants expect the recent preliminary anti-dumping decision by the U.S. Commerce Department’s International Trade Administration (ITA) on imports from Russia and Venezuela to have little immediate impact on the market.

  • Superior earnings dented by lower metal tags Mar 07, 2014

    Superior Industries International Inc.’s profits narrowed by 26.1 percent in 2013 amid lower aluminum prices and shipping volumes.

  • Commerce lowers subsidy duty on aluminum extrusions Mar 07, 2014

    The Commerce Department’s International Trade Administration (ITA) has amended its final countervailing duty determination on aluminum extrusions from China following rulings by the U.S. Court of International Trade and the U.S. Court of Appeals.

  • Alcoa names new Latin America chief Mar 07, 2014

    Alcoa Inc. has promoted Aquilino Paolucci to president of its operations in Latin America and the Caribbean.

  • Quanex eyes deals after Nichols sale Mar 06, 2014

    Quanex Building Products Corp.’s sale of its Nichols Aluminum LLC subsidiary to Aleris International Inc. will give it the proceeds to chase acquisitions in the fenestration industry, company executives said.

  • Midwest aluminum premiums slip Mar 06, 2014

    Midwest aluminum premiums dropped again this week as market sources fretted about increased import volumes and the potentially chilling impact of a cold winter on demand.

  • Rio Tinto Alcan confirms Arvida outage Mar 06, 2014

    Rio Tinto Alcan Inc. confirmed a planned maintenance outage at its Arvida smelter in the Saguenay—Lac-Saint-Jean region of Quebec.

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