December 2013

CHINA STEEL WRAP: Prices flat on New Year's Eve

China’s spot steel prices were stable on Tuesday December 31 with major mills expected to announce their pricing policy for early January.

IRON ORE DERIVATIVES WRAP: OTC market quiet on New Year’s Eve

The iron ore swaps market edged down in quiet trading ahead of the New Year on Tuesday December 31.

India's RINL adds round billet capability to output with new meltshop

India’s second largest government-owned steel company, Rashtriya Ispat Nigam Ltd (RINL) has commissioned its second steel meltshop (SMS-2).

Nucor starts DRI production at Louisiana plant in USA

US steelmaker Nucor started operations at its new direct reduced iron (DRI) facility at St James Parish, Louisiana, on December 24, the company said on Friday December 27.

China’s spot rebar prices unchanged amid New Year's Eve lull

China’s spot rebar prices were stable on Tuesday December 31 amid a quiet market with major mills expected to announce their price policy for early January.

ArcelorMittal España to restart Asturias galvanizing line in April

ArcelorMittal España will restart its galvanizing line at its Asturias division in northern Spain in April 2014, the company told Steel First on Monday December 30.

China’s spot HRC prices stable ahead of New Year holiday

China’s domestic hot rolled coil market remained flat on Tuesday December 31, as participants were cautious about price movements ahead of the New Year holiday.