August 2015

CIS billet prices slide closer to $300 fob

CIS export billet prices have declined further over the past week, under pressure from weakness in the Chinese market, sources told Steel First.

Usiminas to raise up to $150m

The board of Brazilian flat steel and iron ore producer Usiminas has approved a plan to raise up to $150 million, according to a document sent to the country’s securities regulator, CVM, on Friday August 28.

Mexico’s iron ore output up 5% in June

Iron ore production in Mexico grew by 4.9% year-on-year in June, according to figures published by the country’s statistics agency, Inegi, on Monday August 31.

Trafigura to buy MMX's iron ore assets in Brazil

Trafigura will buy the mining operations of Brazilian iron ore producer MMX Sudeste.

Brazil sets anti-dumping duty on Chinese chrome-added plate imports

The Brazilian government has imposed an anti-dumping tariff on imports of chrome-added heavy plate from China.

Brazil's Sudeste port ships its first iron ore cargo

Brazil’s Sudeste port has delivered the first iron ore shipment from its 50 million-tpy facility in the country’s south-eastern Rio de Janeiro state.

CIS slab prices decline again

CIS export slab prices have dropped further on thin trading activity, market sources told Steel First on Monday August 31.

Turkish domestic scrap prices stable

Turkish domestic scrap prices have increased in the past week as some mills raised their buy prices for the material, sources told Steel First on Monday August 31.

Turkish domestic flat steel prices hold as demand fails to improve

Turkish domestic flat steel prices held steady last week amid weak demand, with market participants anticipating a drop in prices soon.

Turkish HRC export prices unchanged on weak demand

Turkish hot rolled coil (HRC) export prices were unchanged this week amid weak demand, as exporters failed to offer competitive prices in the global market.