October 2013

Mexico's iron ore output up, coal down in August

Mexico’s iron ore production increased by 5% year-on-year in August, according to figures released by national statistics agency Inegi on Thursday October 31.

Aceros Arequipa reports $12m net profit in Q3

Peruvian steelmaker Aceros Arequipa has reported net profit of 33 million nuevos soles ($11.8 million) for the third quarter of 2013.

Global Q4 coking coal benchmark price 'strains profitability', Alpha says

The current global fourth-quarter coking coal benchmark price is at a level that strains profitability, US coal producer Alpha Natural Resources said in a financial results statement on Thursday October 31.

GM’s net income drops 52.7% in Q3 despite higher sales

Net income at US carmaker General Motors fell by 52.7% in the third quarter of 2013 to $698 million.

Gerdau sells first Brazil-made flat steel cargoes

Gerdau has started selling steel goods produced at its 770,000-tpy hot strip mill in Brazil, marking its official entrance to the country’s flat steel market.

Gerdau targets 4-5m tonnes of iron ore sales in 2014

Gerdau plans to sell 4-5 million tonnes of iron ore to third parties in 2014, up from an estimated 700,000-750,000 tonnes this year, finance vp André Dias Pires has said.

UK steel trader Metal Enterprises closes

UK-based steel trader Metal Enterprises has closed to new business after more than 60 years, the company told Steel First on Thursday October 31.

Siderperú's steel expansion start-up date 'still uncertain'

The start-up date for the steel expansion scheme at Gerdau’s Peruvian subsidiary, Siderperú, is still uncertain, ceo André Gerdau Johannpeter has said.

USA's Alpha reports $458m Q3 loss on reduced coal prices, shipments

US coal producer Alpha Natural Resources has reported a net loss of $458 million for the third quarter of 2013 due to lower coal prices and shipments.