November 2013

Vale’s iron ore exports down 2% in October

Vale’s total iron ore exports were down by 2% year-on-year in October, according to Brazil’s iron ore industry association, Sinferbase.

Ternium’s Mexican HDG plant running at 40% capacity

Tenigal, the new hot dipped galvanized (HDG) steelmaking plant in Mexico, has been working at around 40% of its production capacity.

Brussels mulls dropping WTO dispute over Russia's used car scrap fees

The European Commission is assessing a law passed by Russia’s parliament, which might head off a global trade dispute over scrapping second-hand vehicles.

European stainless steel base prices steady as Q1 mill order books fill up

Base prices for locally-traded stainless steel have remained unchanged in Europe as lead times from mills stretch later into the first quarter, market sources told Steel First on Friday November 29.

ArcelorMittal ‘willing to discuss’ access to Liberia iron ore rail line

Steelmaker ArcelorMittal is “willing to discuss” third-party access to its strategically key 260km railway line in Liberia linking the Yekepa iron ore mine to Port Buchanan, Steel First has been told.

CIS flat steel export prices edge upwards on positive sentiment

The majority of CIS flat steel exporters have increased prices for December and January production, while week-on-week there have been few price changes seen by Steel First.

IRON ORE DERIVATIVES WRAP: Swaps prices well supported at top of range

Iron ore swaps prices climbed on Friday November 29, edging up to the top of the range.

European stainless steel December alloy surcharges edge higher

The stainless steel monthly alloy surcharges for Europe rose slightly in December, sources told Steel First this week.

Indian mills likely to keep domestic HRC prices unchanged

Indian mills are likely to keep domestic prices of hot rolled coil (HRC) unchanged for December sales as demand continues to be sluggish.

ThyssenKrupp upgrades converter at Duisburg-Bruckhausen

German steelmaker ThyssenKrupp Steel Europe has upgraded a converter at its Duisburg-Bruckhausen unit, making it one of the largest such machines in the world, the company has told Steel First.