February 2015

HIGHLIGHTS: Raw materials under spotlight, EU stainless stand-off

The Chinese New Year holidays saw many of the markets covered by Steel First get off to a quiet start this week, with the lull in trade arresting the dramatic price falls seen in iron ore and scrap.

South America's flat steel import prices stable on Chinese holiday

South America’s flat steel import prices went unchanged on Friday February 27, after several weeks of declines.

Latin America’s steel use up 1% in 2014

Apparent steel consumption in Latin America and the Caribbean grew by 1% year-on-year in 2014, to 69.5 million tonnes, according to figures released by the region’s steel association, Alacero.

Mexico's iron ore output down 1% in December

Iron ore output in Mexico fell 0.7% year-on-year in December 2014, according to figures released by national statistics agency, Inegi.

ArcelorMittal's crude steel output in Mexico slightly down in 2014

Crude steel output at ArcelorMittal’s operations in Mexico fell slightly year-on-year, the company said in its 2014 annual report.

UK scrap market in wait-and-see mood ahead of March negotiations

Inter-merchant domestic prices for light iron grade-5C scrap metal in the UK remained stable week-on-week, but the market expects further price falls, sources told Steel First on Friday February 27.

Brazil's export pig iron prices not 'viable' for local producers

Brazil’s current pig iron export prices are not “viable” for local producers, market participants have told Steel First.

Iranian steel prices follow global trends downward

Prices continued to fall this week for both long and flat steel products in the Iranian domestic steel market.

Latin America's crude steel output up 2% in January

Crude steel production in Latin America grew by 2% year-on-year in January 2015, to 5.5 million tonnes, according to figures released by regional steel association Alacero on Friday February 27.