June 2019

Australia terminates AD investigation into Turkish rebar imports

Australia’s Anti-Dumping Commission has ended an investigation into the alleged dumping and subsidization of imports of Turkish-origin rebar, the commission said on Thursday June 20.

SL Mining ships first iron ore concentrate cargo

SL Mining Limited shipped its first iron ore concentrate cargo on the MV Cooper vessel from Freetown Port in Sierra Leone, West Africa, on June 16, the company said.

Mexico's Ahmsa puts largest blast furnace on maintenance amid slow market

Mexican steelmaker Altos Hornos de Mexico (Ahmsa) is suspending its No5 blast furnace - the largest in its operations - for 10 days beginning Thursday June 20 for maintenance.

Brazilian steel consumption up 28% in May

Brazilian apparent steel consumption soared by 28.2% year on year in May, national steel association Aço Brasil said on Wednesday June 19.

Latin American steel associations praise China’s withdrawal from WTO dispute

Latin American steel groups have praised news that China withdrew its request from a panel at the World Trade Organization (WTO) to be considered as a market economy.

Usiminas targets domestic slab supplies after resorting to imports at start of year

Brazilian steelmaker Usiminas is currently negotiating with local slab producers to feed its Cubatão unit in the southeastern state of São Paulo, after having had to import the raw material from abroad so far in 2019, sources told Fastmarkets this week.

U.S. Steel idling two blast furnaces in the US, one in Europe

U.S. Steel plans to idle two blast furnaces in the United States and one in Europe as a result of “current market conditions,” the company announced in earnings guidance released after the close of markets on Tuesday June 18.

Vale expects to fully resume Brucutu ops in 72 hours following judicial ruling

Vale expects to resume production through wet processing at its Brucutu mine in 72 hours, following a decision from the country’s Superior Court of Justice that nullified a previous ruling impeding the use of a tailings dam, it said on Wednesday June 19.

EU new car sales rise for first time in more than eight months

EU demand for passenger cars increased by 0.1% year on year in May, following eight consecutive month of decline, the European Automotive Manufacturers Association (ACEA) said this week.

Brazil flat steel price increases postponed to July, Inda says

Brazilian flat steel producers postponed a planned domestic price increase to July with imports into the country becoming less expensive, Carlos Loureiro, president of distributor association Inda, said on Tuesday June 18.