August 2014

HIGHLIGHTS: Iron ore prices tumble, ArcelorMittal rises, US trade friction

Steel First deputy editor Martin Ritchie reviews the principal steel-sector stories from around the world to emerge in the past week.

EU stainless steel surcharges steady for September on stable nickel

September alloy surcharges for grades 304 and 316 flat products and 304 bright bar have shown only slight changes month-on-month, Steel First heard on Friday August 29.

Hebei Steel cuts silico-manganese price for September

China’s largest steel mill Hebei Steel has reduced its purchase price of silico-manganese for September, denting sentiment about the ferro-alloys market.

China's Tisco sees net profit rise 15% in H1

Net profit at Taiyuan Iron and Steel Corporation (Tisco) rose 15.4% year-on-year in the first half to 385 million yuan ($62 million), the listed-arm of China’s largest stainless steelmaker Taigang said on Friday August 29.

European stainless buyers rush to Asia ahead of AD decision

East Asian stainless steel market was slack this week on tepid regional demand, although prices are expected to rise next month on increased buying from Europe ahead of a possible anti-dumping case.

South Africa's manganese ore exports to India doubled in H2

South African manganese ore exports to India more than doubled in the first six months of 2014, compared with the same period last year, helping to drive a 39% rise in exports from the country overall.

Tsingshan cuts ferrochrome purchase price for September

Tsingshan Group, China’s largest private stainless steelmaker, has lowered its purchase price of high-carbon ferrochrome for September delivery, in line with the cuts made by other steel mills.

Arvedi to relight Lucchini blast furnace by October, sources say

Italian steelmaker Arvedi will restart pig iron production using the Ferriera di Servola blast furnace near Trieste by October this year, sources told Steel First on Thursday August 28.

Turkish alloy flat steel imports increase 27% in H1

Turkey imported 401,309 tonnes of alloy flat steel in the first half of 201, according to data released by the Turkish Statistical Institute (TUIK).