March 2015

IREPAS PARIS: Some bright spots amid China, scrap gloom

Growing Chinese export volumes, diverging scrap prices and a few regional bright spots peppered discussions at the 72nd International Rebar Producers & Exporters Assn (Irepas) conference last week.

CIS steel plate export prices stable as bargaining starts

Average CIS steel plate export prices remained largely stable over the past week, although Steel First's assessment has widened at both ends of the range.

Germany’s Saarstahl boosts 2014 earnings on auto, engineering stability

German steelmaker Saarstahl substantially increased its full-year earnings in 2014 on stable demand in the automotive and engineering sectors.

Mexico's iron ore output up 8% in January

Iron ore production in Mexico grew by 8.1% year-on-year in January 2015, according to figures released by national statistics agency Inegi on Tuesday March 31.

CIS export HRC, CRC prices slide on weak demand

CIS export prices for hot rolled coil (HRC) have dropped by an average of $10 per tonne week-on-week, while prices for cold rolled coil (CRC) have slipped by $7.50 amid weak market demand.

DAILY SCRAP REPORT: Indices fall with new US, UK cargoes

Steel First’s daily scrap indices saw a sharp fall on Tuesday March 31 with news of fresh trades done at the end of last week.

MMX reports $54m net loss in Q4 2014

Struggling Brazilian iron ore producer MMX has reported a net loss of 176 million Reais ($54 million) for the fourth quarter of 2014.

Severstal agrees steel supply deal with Russian railcar producer for 2015

Severstal has agreed a deal on rolled steel supplies to the Tikhvin Freight Car Building Plant for March-December this year, the Russian steelmaker said on Tuesday March 31.

NLMK slashes 2014-17 iron ore capex plan by $610m

Russian steelmaker Novolipetsk Steel (NLMK) has revised downward its iron ore capital expenditure plan for 2014-17, ceo Oleg Bagrin said on Monday March 30.

Trading remains weak as Metal Bulletin Iron Ore Index tumbles again

Spot 62% Fe iron ore prices fell again on Tuesday March 31, forcing some traders to withdraw their offers.