March 2014

ArcelorMittal Poland workers protest over wages deal

Workers at ArcelorMittal Poland staged a protest at the end of last week to demand higher wages, based on the company’s improving group financial results.

IRON ORE DERIVATIVES WRAP: Swaps volumes, prices boom on China infrastructure news

Iron ore swaps values pushed up strongly on the morning of Monday March 31, with prices defying news of poor steel sector profitability and continuing credit issues.

IREPAS BARCELONA: Turkish producers still taking risks on rebar exports to USA

Turkish rebar exporters continue to take the risk of making deals with the USA, despite the continuing anti-dumping investigation against imports from the country.

STEEL FIRST OUTLOOK: US hollow sections prices static despite flat steel rises

Despite a strong outlook for 2014, the hollow structural sections (HSS) market in the USA is likely to follow the disappointing pattern seen in recent years, according to Metal Bulletin Research (MBR).

Mexico's Pemex starts construction of Los Ramones gas pipeline

Mexico’s state-owned energy company, Pemex Gas & Basic Petrochemicals (PGPB), has started the construction of the first phase of its Los Ramones natural gas pipeline project.

Jindal Steel, Klesch Group among bidders for Italian steelmaker Lucchini

Jindal Steel and Klesch Group are among the nine parties bidding for the Italian steelmaker Lucchini, sources told Steel First.

Egypt’s Ezz Steel increases rebar price

Egyptian steelmaker Ezz Steel increased its rebar price by E£140 ($20) per tonne to E£4,990 ($706) per tonne ex-works for April sales, including 8% sales tax and 1% withholding tax.

DAILY SCRAP REPORT: Index stable on lack of fresh trade

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey remained stable at the beginning of the week as participants waited to see the direction of the market after the country's mayoral elections.

Iraq housing projects to support growth of domestic rebar market

Housing projects are expected to boost rebar consumption in Iraq, with domestic production gradually reducing the need for imports as new local mills come on stream, market participants said.