May 2013

ArcelorMittal mulls beneficiation options in Liberian iron ore drive

Steelmaking and mining major ArcelorMittal is mulling different beneficiation options at its Yekepa iron ore mine as part of a $1.5 billion expansion of its operations in Liberia.

Afferro more than doubles Nkout high-grade iron ore resources

Cameroon-focused iron ore junior Afferro Mining has increased the direct shipping ore (DSO) and saprolite indicated resources at its flagship Nkout project by 156%.

European domestic longs markets still struggling with weak demand

Rebar, wire rod and sections have continued to see very subdued levels of demand this week in domestic European markets, sources told Steel First on Thursday May 30.

EUROMETAL PRAGUE: Improve margins by pricing all services, consultant says

Steel service centres can increase their product prices through sales strategy, EbelHofer Consultants partner Markus Hofer told delegates at the Eurometal steel forum on Friday May 31.

US HRC prices rise on inventory restocking

Prices for hot rolled coil (HRC) in the USA have edged up this week as a result of recent rises imposed by domestic mills, although it is unclear how long the upward trend will last.

Demand for Southern Europe rebar, wire rod exports still sluggish

Southern European rebar and wire rod exporters have continued to see sluggish demand this week, market sources told Steel First on Friday May 31.

TMK Q1 2013 earnings fall by 7% on weaker American sales

Earnings at TMK, Russia’s largest producer of steel pipes, fell by 7% year-on-year in the first quarter of 2013 due to lower sales and weaker pricing at its US division, the company said on Thursday May 30.

Turkish flat steel imports increase by 54% in April

Turkey imported 575,371 tonnes of flat steel in April 2013, according to data recently released by the Turkish Statistical Institute (TUIK).

Tulachermet idles blast furnace, cuts pig iron output by 63,000 tonnes

Russian pig iron producer Tulachermet, part of the metallurgical Koks Group, idled a blast furnace for maintenance earlier this week, at a time when the pig iron market is at a standstill.

IRON ORE DERIVATIVES WRAP: Swaps prices drift after early rally

The iron ore swaps market showed gains in early trading on Friday May 31, before falling away after index prices were published.