June 2015

Vallourec to cut working shifts at Brazilian pipe unit

Brazil-based pipemaker Vallourec Tubos do Brasil is planning to reduce working shifts at its 500,000-tpy facility in Belo Horizonte city, in the country’s south-eastern Minas Gerais state.

Mexico considers new trade defence actions against 'unfair' steel imports

Mexico’s economy secretariat will “shortly” introduce some measures to strengthen its control over direct and indirect steel imports, it announced on Tuesday June 30.

Latin Resources closes new deal on Peruvian iron ore project

Australia-based miner Latin Resources has reached a new agreement which reduces the price it has to pay for Peru’s Guadalupito iron ore project, it announced on Monday June 29.

Algeria’s Erenav, Portugal’s Martifer to create shipbuilding jv

Algerian national ship repair company Erenav and Portuguese multinational Martifer Group are to set up a joint venture for shipbuilding and repair, the Algerian company has announced.

Germany’s Klöckner considering closure of three UK processing sites

Steel and metals distributor Klöckner is considering the closure of three sites of its UK subsidiary ASD Metal Services, a spokesman for the German company told Steel First on Tuesday June 30.

Severstal to start up new HDG, PPGI lines by early 2017

Russian steelmaker Severstal expects to start up its new hot dipped galvanizing (HDG) and pre-painted galvanized iron (PPGI) lines, at its flagship Cherepovets steel plant, at the end of 2016 or in early 2017.

Primetals installs new bloom stand at Italy's Acciaierie Venete

Primetals Technologies has completed the installation of a new blooming stand into an existing production line for Italian steelmaker Acciaierie Venete, the UK company said late on Monday June 29.

Mechel's rails certified for public railways in Russia, other CIS states

Russian steel and coking coal producer Mechel has had its rails of 12.5-100m length certified for public railway construction in Russia, Kazakhstan, Belarus and Armenia, it said on Tuesday June 30.

DAILY SCRAP REPORT: Daily indices rebound with fresh Baltic Sea trade

Steel First’s daily indices for scrap imports into Turkey rebounded on Tuesday June 30 with a news of a second Baltic Sea cargo booked at the end of last week.

UAE imported flat steel market steady week-on-week

Prices for flat steel products imported into the UAE have been largely stable over the past week, sources told Steel First on Tuesday June 30.