October 2019

ArcelorMittal Kryvyi Rih hot-testing section mill rebuilt to cut costs, expand portfolio

Ukraine’s largest producer of long steel, ArcelorMittal Kryvyi Rih, is performing hot tests of its rebuilt light section mill 250-4, the company announced late last week. Once complete, the reconstruction will help the company to cut production costs and expand its portfolio.

Vale expects additional 50mln tpy of pellet demand from China until 2025

Vale expects Chinese demand for iron ore pellets and pellet feed to rise by 50 million tonnes per year with mills in China increasing the usage of pellets in their blast furnaces.

Brazilian auto association cuts forecast for production, sales in 2019

The Brazilian automotive association, Anfavea, has lowered its forecast for production and sales in 2019, mainly due to a weak export market.

INTL FCStone acquires UOB brokerage, clearing units in Singapore expansion [CORRECTED]

United States-based financial services organization INTL FCStone has acquired the futures and options brokerage operations and the clearing business unit from UOB Bullion and Futures.

Brazil extends heavy plate dumping duties 5 more years

Brazil has decided to extend anti-dumping duties covering heavy steel plate from China, South Africa, South Korea and Ukraine for five years, the country’s foreign trade and international affairs secretariat, Secex, said on Tuesday October 1.

Ukraine's DMKD idles billet capacity on global steel 'crisis'

Ukrainian steel billet producer Dneprovskiy Dzerzhinsky Metallurgical Plant (DMKD) has decided not to resume operations in part of its main production facility after a maintenance outage, due to the crisis in the global steel market, the company announced on Wednesday October 2.

India takes step to ensure stable domestic iron ore supply

India’s federal government has mandated that state governments in the country extend the iron ore mining leases of state-owned companies in blocks of up to 20 years if such applications are made at least 12 months prior to their expiry.

TURKEY FLAT STEEL WRAP: Prices down in September, demand remains weak

Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.

Taiwan defers anti-dumping, countervailing duties on five Chinese stainless steel, steel product imports

Taiwan will defer the imposition of anti-dumping and countervailing duties on five Chinese steel and stainless steel products, the island’s customs administration said last week.

Turkish flat steel imports up 12.31% year on year in August

Turkey imported 514,866 tonnes of flat steel in August 2019, up by 12.31% from the corresponding month in 2018, when 458,445 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said this week.