December 2013

Scotiabank expects record global car sales in 2014

The cyclical recovery in global auto sales that began in mid-2009 remains intact, with purchases advancing over the past year in every region except Europe, Scotiabank says.

Vietnam imposing anti-dumping duties on some stainless steel imports

Vietnam will impose temporary anti-dumping duties on cold rolled stainless steel from China, Indonesia, Malaysia and Taiwan effective January 25.

China’s steel industry to remain under pressure in 2014, MIIT says

China’s steel industry is likely to remain under pressure in 2014, with the conflict between supply and demand set to last for a longer time, the country’s Ministry of Industry and Information Technology (MIIT) said.

Stanmore Coal inks Belview coking coal funding, marketing deal

Australia's Stanmore Coal has secured exploration funding for its Belview coking coal project in Queensland, the coking coal junior said on Monday December 30.

India's RINL adds round billet capability to output with new meltshop

India’s second largest government-owned steel company, Rashtriya Ispat Nigam Ltd (RINL) has commissioned its second steel meltshop (SMS-2).

Nucor starts DRI production at Louisiana plant in USA

US steelmaker Nucor started operations at its new direct reduced iron (DRI) facility at St James Parish, Louisiana, on December 24, the company said on Friday December 27.

ArcelorMittal España to restart Asturias galvanizing line in April

ArcelorMittal España will restart its galvanizing line at its Asturias division in northern Spain in April 2014, the company told Steel First on Monday December 30.

2013 REVIEW: Lower prices, stiffer competition test CIS pig iron market

Competitive pressure from rival producers and traders in Latin America has seen prices and profitability dwindle for many in the CIS pig iron export market in 2013.

2014 OUTLOOK: Outokumpu’s new daily alloy surcharge system explained

Outokumpu’s head of Europe, Middle East and Africa (EMEA) sales, Olli-Matti Saksi, and its director of strategic projects, Paul Schlimgen, explain how its daily alloy surcharge system will work.

BlueScope to expand iron sands export operations in New Zealand

BlueScope Steel plans to expand its iron sands export operations in New Zealand with a A$50 million ($44 million) investment through the introduction of a third shipping vessel in 2016.