December 2016

Japan’s steel orders flat in October

Japan’s carbon finished steel orders were stable year-on-year in October, with increases in domestic sales compensating for lower export figures.

Feng Hsin raises rebar prices by almost $20

Taiwan’s Feng Hsin Steel has increased its purchase prices for domestic ferrous scrap by NT$200 ($6) per tonne and its selling price for rebar by NT$600 ($19) this week, amid costlier scrap imports.

2016 REVIEW: Dramatic market changes in second half of 2016 boost Ilva’s appeal

Italian steelmaker Ilva’s recent emergence as a price leader in the European market is a game changer for the two consortiums vying to acquire it.

Brazilian domestic steel sales drop 1.9% in November

Local steel sales in Brazil declined by 1.90% year-on-year in November, according to figures released by national steel association Aço Brasil on Monday December 19.

Brazil's crude steel output down 4.8% in November

Crude steel output in Brazil fell by 4.80% year-on-year in November, according to figures released by the country’s steel institute, Aço Brasil, on Monday December 19.

G20, OECD team up to establish global Steel Overcapacity Forum

A global forum to tackle steel overcapacity, comprised of the G20 group of nations and members of the Organisation for Economic Co-operation & Development (OECD), has been established.

Ousted chairman Mistry removed from Tata Steel board

Cyrus Mistry is no longer a member of the board of Tata Steel, the Indian steelmaker said in a corporate filing to the Indian National Stock Exchange (BSE) on Monday December 19.

Iron ore alliance with Vale 'less likely', FMG says

Australia’s Fortescue Metals Group (FMG) has said that its planned iron ore business co-operation with Brazil’s Vale is now “less likely” to lead to any deals between the two companies.

Turkish steel production, consumption, exports all up in 2016, Çolakoglu ceo says

Turkey’s steel production, consumption and exports will all have risen in 2016, according to Ugur Dalbeler, ceo of Çolakoglu Metalurji and board member of the Turkish Steel Exporters Assn (CIB).

Vale officially starts up S11D iron ore project in Brazil

Vale officially commissioned its 90 million-tpy S11D iron ore project in Brazil’s Carajás region, Pará state, on Saturday December 17.