Japan’s Sumitomo Metal Mining Co Ltd announced on Thursday that production at its Harima zinc and lead smelter will resume from May 6.
The company has been carrying out maintenance at the plant since 18 March, the company said.
The company also announced a number of other closures for some of its smelters and refineries.
The Niihama Nickel Refinery will be shut for four days in May and four days in November for regular maintenance.
The Hyuga ferronickel smelter will be closed for 21 days during May and June for repairs on one production line and for 25 days in November for repairs on a second production line. The renewal of a line of double furnaces, which has been ongoing since February 2010, is scheduled to finish at the end of August. Production will resume then.
Earlier this month, the company said it has no regular maintenance and repair work planned for 2010/11 at its Toyo Smelter & Refinery.
Showing posts with label ferronickel. Show all posts
Showing posts with label ferronickel. Show all posts
Thursday, April 1, 2010
Friday, June 19, 2009
Ferronickel Prices Start To Pick Up
Prices in China of low grade ferronickel with Ni content of below 2% has picked up recently. Recent quotations have been in the region of CNY 3300 to 3500 per tonne in Shandong though some local plants are still fulfilling earlier orders at a price of CNY 3200 per tonne.
One Shandong FeNi maker producing 400 to 500 tonnes a year told Mysteel that "Prices of new orders or spot goods have touched CNY 3400 to 3500 per tonne but we cannot raise the price now, because current orders for June supply were agreed on prices at earlier days."
Apart from one or two nickel plants under maintenance in Linyi, most of plants have resumed production. Demand has boomed in June but the future trend will depend on the stainless steel market.
As plants are busy carrying out old orders, spot supply is limited at present. Orders for next month will be placed from June 20th. On the other hand, most imported nickel in Q1 hasn't been utilised, so imports in Q2 have had to be stockpiled. Stainless steel stocks also remain high raising worries about market in July and August, the traditional off-season for stainless steel consumption.
Source: Steel Guru
One Shandong FeNi maker producing 400 to 500 tonnes a year told Mysteel that "Prices of new orders or spot goods have touched CNY 3400 to 3500 per tonne but we cannot raise the price now, because current orders for June supply were agreed on prices at earlier days."
Apart from one or two nickel plants under maintenance in Linyi, most of plants have resumed production. Demand has boomed in June but the future trend will depend on the stainless steel market.
As plants are busy carrying out old orders, spot supply is limited at present. Orders for next month will be placed from June 20th. On the other hand, most imported nickel in Q1 hasn't been utilised, so imports in Q2 have had to be stockpiled. Stainless steel stocks also remain high raising worries about market in July and August, the traditional off-season for stainless steel consumption.
Source: Steel Guru
Tuesday, March 3, 2009
Antam To Cut Ferronickel Output
Nickel and gold miner PT Aneka Tambang (Antam), said on Monday that it will cut ferronickel output in 2009 by 32% on the year to 12,000 metric tons due to lower nickel demand in Europe and South Korea, its two main customer bases.
The company also said it will take advantage of lower nickel demand to shut one of its smelters already operating at 80% of capacity in the second half of the year for three months to perform care and maintenance.
"Lower global nickel demand is largely attributed to worsening global economic conditions," the company said in a statement. "Stainless steel industries, and its end use industries such as automotive and construction, are forced to cut production inline with fears of global economic recession."
To anticipate lower nickel demand, Antam said it will reduce ferronickel output in 2009 in order to preserve cash. In 2008, Antam produced 17,566 tons of ferronickel.
"As a price taker, our financial performance in 2008 was impacted negatively from lower commodities prices," said Antam's President Director, Alwin Syah Loebis.
The average selling price of nickel ore decreased by 26% to $57.71 per wet metric tons in 2008, the statement said.
The Indonesian government owns a 65% of Antam.
Source: Dow Jones
The company also said it will take advantage of lower nickel demand to shut one of its smelters already operating at 80% of capacity in the second half of the year for three months to perform care and maintenance.
"Lower global nickel demand is largely attributed to worsening global economic conditions," the company said in a statement. "Stainless steel industries, and its end use industries such as automotive and construction, are forced to cut production inline with fears of global economic recession."
To anticipate lower nickel demand, Antam said it will reduce ferronickel output in 2009 in order to preserve cash. In 2008, Antam produced 17,566 tons of ferronickel.
"As a price taker, our financial performance in 2008 was impacted negatively from lower commodities prices," said Antam's President Director, Alwin Syah Loebis.
The average selling price of nickel ore decreased by 26% to $57.71 per wet metric tons in 2008, the statement said.
The Indonesian government owns a 65% of Antam.
Source: Dow Jones
Thursday, February 19, 2009
Indian Ferronickel Duty To Stay
The Indian government does not propose to abolish the import duty on ferro-nickel, a key input for producing alloy and stainless steel, the Rajya Sabha was informed today.
In reply to a query, Minister of State for Finance S S Palanimanickam said all ferro-alloys, including ferro-nickel, enjoy a concessional rate of basic customs duty of five per cent as against the peak rate of 10 per cent for industrial goods.
Moreover, steel production is dependent on factors such as demand, prices and domestic capacity, and is not determined by imports of ferro-nickel alone, the minister said.
Earlier this month, the Steel Ministry had recommended lowering the import duty on ferro-nickel to two per cent to safeguard the interests of domestic stainless steel producers, already reeling under a demand slump.
As stainless steel producers are solely dependent on imports of ferro-nickel, a duty of five per cent on arrival of the raw material in the country was hitting them hard, the Steel Ministry had said.
Source: Indopia
In reply to a query, Minister of State for Finance S S Palanimanickam said all ferro-alloys, including ferro-nickel, enjoy a concessional rate of basic customs duty of five per cent as against the peak rate of 10 per cent for industrial goods.
Moreover, steel production is dependent on factors such as demand, prices and domestic capacity, and is not determined by imports of ferro-nickel alone, the minister said.
Earlier this month, the Steel Ministry had recommended lowering the import duty on ferro-nickel to two per cent to safeguard the interests of domestic stainless steel producers, already reeling under a demand slump.
As stainless steel producers are solely dependent on imports of ferro-nickel, a duty of five per cent on arrival of the raw material in the country was hitting them hard, the Steel Ministry had said.
Source: Indopia
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