March 2013

CHINA STEEL WRAP: Prices fall in muted market

China’s domestic spot steel prices fell on Friday March 29, as flats traders slashed prices to generate business while the longs market fell quiet after strong mid-week sales in the north.

Tenaris sees lower 2013 sales in North America, Europe

US tube and pipe maker Tenaris expects lower sales in North America to be offset by but burgeoning demand for premium oil country tubular goods (OCTG) in other regions.

Spot 63.5% Fe iron ore prices up $1-2 for the week

China's imported iron ore market showed signs of strengthening at the end of the week on tight supply and restocking by mills.

Spot 63.5% Fe iron ore prices up $1-2 for the week

China's imported iron ore market showed signs of strengthening at the end of the week on tight supply and restocking by mills.

Hebei completes $179 million investment in Alderon's Kami project

Chinese steel producer Hebei Iron & Steel has completed a C$182.2 million ($179 million) investment in Canadian iron ore company Alderon Iron Ore’s Kami Iron ore project.

Tenaris sees lower 2013 sales in North America, Europe

US tube and pipe maker Tenaris expects lower sales in North America to be offset by burgeoning demand for premium oil country tubular goods (OCTG) in other regions.

China’s spot HRC prices down this week in thin trading

China’s domestic hot rolled coil prices fell again on Friday March 29, extending losses for the whole week.

Corsa Coal ceo will leave in July after Quintana takeover

Don Charter, ceo of Canada’s Corsa Coal, will step down once the acquisition of Corsa by Quintana Energy Partners is finalised in July.

Iran’s iron ore exports up 37% in January-February 2013

Iran exported 4.22 million tonnes of iron ore in the first two months of 2013, as a devalued currency continued to support exports.