January 2013

Federal prosecutor calls for halt to work on Brazil's Açu Superport

Brazil’s under-construction Açu Superport is facing a legal battle that could threaten its future.

US OCTG prices continue to soften in cautious market

Oil country tubular goods (OCTG) prices have continued their slow decline in a well-supplied market that has seen only cautious buying so far this year, market sources told Metal Bulletin sister publication AMM.

Mecheltrans acquires Vanino port stake from Deripaska subsidiary

Mecheltrans, the logistics arm of Russian metals and mining group Mechel, has acquired a 21.64% stake in the Vanino Commercial Port, in the Russian Far East province.

Turkish flat steel buyers wait for new offers

Turkish flat steel importers are cautious this week about committing to bookings while demand remains low in the domestic market.

US bulk scrap export prices fall after sales to Turkey

US ferrous scrap export prices for bulk cargoes are under pressure this week after a sale from the US Gulf Coast and a second out of Canada were booked at values well below previous levels.

ThyssenKrupp Steel Americas assets ‘of interest’ to US Steel, ceo says

ThyssenKrupp AG’s assets in the Americas are “matters of interest” to US Steel, according to John Surma, chairman and ceo during a conference call with analysts on January 29 following the release of its fourth quarter earnings.

Nucor, SDI still committed to SBQ expansions despite US market lull

US steelmakers Nucor and Steel Dynamics Incorporated (SDI) are working to boost special bar quality (SBQ) production capacity despite weaker shipments in 2013 and no expectations of an immediate recovery in market conditions.

HDG import prices up in Europe, HRC, CRC import prices flat

Offer prices for imports of hot dipped galvanized coil (HDG) into Europe increased this week, with traders citing improved demand in China and rising raw materials prices.

Gerdau Long Steel North America to lay off mill workers

Gerdau Long Steel North America intends to lay off 30-35 employees at its St Paul, Minnesota, hybrid mill, despite investing $50 million at the facility.

MILLING ABOUT: S+B extends Imhof contract to smooth ceo, cfo handover

Schmolz + Bickenbach (S+B) has extended Marcel Imhof’s executive board contract by six months, to support the handover to new ceo Johannes Nonn and cfo Hans-Jürgen Wiecha.