February 2013

OCTG demand picks up in cold weather despite softening prices

Some oil country tubular goods (OCTG) market participants in North America are seeing an uptick in demand even as prices remain in slow decline.

Mining group Ihlas Holding ceo Oren dies, aged 74

Enver Oren, chairman of Turkey’s Ihlas Holding, died on Friday last week at the age of 74, the group’s news agency reported.

Votorantim's Paz del Río reports $59m net loss in 2012

Acerías Paz del Río (APDR), the Colombia-based flat and long steel subsidiary of Brazil’s Votorantim Siderurgia, has reported a second year of net loss in 2012, mainly due to lower sales prices.

Vale expects higher iron ore prices in H1 2013

The global iron ore market in 2013 is expected to see higher prices than was possible with last year’s volatility, Vale’s executive director for iron ore and strategy, José Carlos Martins, said on Wednesday February 27.

Ahmsa's sales down 4% in 2012 due to 'unfair practices'

Mexican steelmaker Altos Hornos de Mexico (Ahmsa) saw its sales revenues fall by 3.9% in 2012 compared with the previous year, due to what it described as “unfair steel practices”.

Price direction in Turkish flats market uncertain

Flat steel producers in Turkey were trying to push prices up this week, but weak end-user demand kept buyers at bay, market sources told Steel First on Thursday February 28.

Turkish plant producer to equip new mini mill in Kosovo

Plant producer CVS Machinery has signed a contract with Llamkos Galva Steel to provide the equipment for a mini-mill to be built in Kosovo, Serbia, the Turkish supplier told Steel First on Thursday February 28.

ThyssenKrupp offices searched on cartel allegations in automotive steels

Germany’s federal cartel office today searched the offices of ThyssenKrupp and three other steel companies on allegations of anti-competitive agreements, the antitrust body and ThyssenKrupp confirmed on Thursday February 28.

Turkish rebar export prices fall week-on-week

Rebar export offer prices from Turkey have been quoted at $605-615 per tonne fob this week, slightly lower than last week’s prices of $610-615 per tonne.

LKAB reshuffles management team, ceo takes on marketing

The ceo of Swedish iron ore producer LKAB, Lars-Eric Aaro, will take control of marketing functions from March 1, as part of wider management and organisation reshuffle, LKAB said on Thursday February 28.