November 2019

China’s crude steel output slides in October

China’s crude steel and molten iron’s production dipped in October after rising just a month earlier, according to the country's National Bureau of Statistics.

ArcelorMittal Italia to idle equipment by mid-January

All equipment at the ArcelorMittal Italia flat steel plant in Taranto, southern Italy, will be idled by the middle of January 2020, the company confirmed on Friday November 15.

Vale pilots yuan futures-based iron ore sales

Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.

China Hongqiao-backed consortium wins rights for Guinea’s Simandou iron ore project

Guinea’s largest bauxite developer, SMB-Winning Consortium, has won a tender to develop two blocks of the Simandou project, the site of what is considered one of the world’s largest untapped deposits of high-grade iron ore.

ALACERO 60: Latin American steelmakers oppose Mercosur dissolution, advocate further integration

Latin American steelmakers this week expressed their worries about a potential dissolution of the Mercosur trade bloc in discussions at the annual conference of the region’s steel association, Alacero, in Buenos Aires, Argentina.

PEOPLE MOVES: Tata Steel names Karl Haider its new chief commercial officer

Tata Steel has named Karl Haider its new chief commercial officer for its European division, the company said earlier this week.

ArcelorMittal CEO expects 5-6% rise in Brazilian steel use in 2020; Gerdau even more bullish

Brazilian apparent steel use is showing signs of recovery and will increase significantly from next year, ArcelorMittal Long Carbon Latin America chief executive officer Jefferson de Paula said this week.

Turkish producers expect higher steel output in last quarter of 2019

Steel producers in Turkey expect output to increase in the last quarter of 2019, the Turkish Steel Producers’ Association (TÇÜD) said on Wednesday November 13.

Real problem for steel industry is demand for long products, Irepas says

Low demand for long steel products such as rebar was at the root of the problems facing the steel industry, according to the International Rebar Producers & Exporters Association (Irepas).

Voestalpine begins operations at its carbon neutral hydrogen-production pilot plant

Voestalpine has started operations at its pilot plant in Linz, Austria, for carbon-neutral production of hydrogen, taking a significant step towards making the project commercially viable.