Japanese scraps rises
China declares tariffs on stainless steel from EU
US ITC vote on stainless steel imports
Molybdenum use reaches new heights
According to new full-year figures from the International Molybdenum Association, the global use of molybdenum has rocketed to a new high of 474 million lbs, exceeding the peak use of 470 million lbs in 2007. China had the greatest demand for molybdenum in 2010;
Sumitomo reveals estimated loss
Sumitomo to donate to earthquake relief efforts
Sumitomo Metals Group will donate JPY 200 million to aid relief and recovery efforts in the aftermath of the earthquake that hit the Tohoku District Pacific Offshore region of Japan on 11 March 2011.
Kobe Steel to open headquarters in China
Kobe Steel’s Chinese headquarters will open on 1 April 2011. Kobelco (China) Holding Co., Ltd., as the company will be called, is the first headquarters established in China by a Japanese steelmaker. Based in Luwan, Shanghai, the wholly-owned subsidiary of Kobe Steel is capitalized at USD 50.14 million.