January 2015

Stainless steel scrap prices up in Europe, stable in UK

Strong demand and a shortage of scrap pushed stainless scrap import prices into Europe up €10 ($11) per tonne this week, sources told Steel First on Friday January 30.

Mexico’s iron ore output down 2% in November

Iron ore production in Mexico decreased by 2.3% year-on-year in November 2014, according to figures released by national statistics agency Inegi on Friday January 30.

Iranian domestic flat steel, long steel prices drop in muted market

Prices for most long and flat steel products in the Iranian domestic market have dropped significantly this week.

UK light iron scrap price drops below £90 ($136) per tonne

Inter-merchant domestic prices for light iron, 5C-grade scrap in the UK fell another £10 ($15) per tonne this week, sources told Steel First on Friday January 30.

Brazil regulator to analyse Ternium's acquisition of stake in Usiminas

Brazil’s competition regulator, Cade, will review its August 2012 decision to approve the acquisition by Ternium of shares in local flat steel producer Usiminas, after a request from domestic steelmaker CSN.

HRC import prices to India down $30 per tonne

Commercial grade hot rolled coil (HRC) import prices to India fell $30 to $425-430 per tonne cfr Mumbai for March shipments compared with last month's bookings for February shipments.

Pipemaker Tenaris starts up threading line in Colombia

Tenaris has commissioned a 100,000-tpy threading line at its TuboCaribe welded pipe manufacturing facility in the city of Cartagena, Colombia.

JSW shuts down recently acquired 900,000-tpy DRI plant

JSW Steel has shut down production at its 900,000-tpy, gas-based direct reduction iron (DRI) plant in Maharashtra because of the unavailability of natural gas, according to joint md Seshagiri Rao.

JSW Steel to bid for iron ore, coal mines in Indian auctions

JSW Steel will bid for all seven of the iron ore mines to be auctioned by the government of the Indian state of Karnataka, deputy md Vinod Nowal has told Steel First.

JSW Steel's Oct-Dec net profit down 36% to $67m

Net profit for October-December 2014 at India’s largest private sector steelmaker, JSW Steel, fell by 36.41% year-on-year, mainly on account of falling steel prices and high raw material costs.