October 2016

British Steel increases sections prices by $37 per tonne

UK long steel maker British Steel has increased its prices for beams and columns by £30 ($37) per tonne, a company spokesman told Metal Bulletin on Monday October 31.

UK trade union seeks assurances for manufacturing sector after EU split

UK trade union Unite has called on the country’s government to provide assurances for the domestic car industry and other manufacturing sectors “to cover the potential effects of Brexit”.

NLMK Q3 earnings soar 32% on higher prices, sales volumes

Earnings at Russia’s largest steelmaker, Novolipetsk Steel (NLMK), rose by 32.48% year-on-year in the third quarter of 2016, the company said on Monday October 31.

Shougang Hierro Perú reports $5m net loss in Q3

Peru’s sole iron ore producer, Shougang Hierro Perú, reported a net loss of 18.06 million nuevos soles ($5.27 million) in the third quarter in a note to Peru’s securities regulator, SMV, on Thursday October 27.

Peru's Aceros Arequipa sees Q3 earnings fall by 36%

Peruvian long steel producer Aceros Arequipa saw its earnings decline by 35.62% year-on-year in the third quarter of 2016, mainly due to lower sales and prices.

Kobe Steel's operating income drops 34% in six months

Japanese steelmaker Kobe Steel’s consolidated operating income dropped by more than one-third from April to September 2016 largely because of decreased export volumes and weak global demand, it said.

Saudi Arabia’s Unicoil develops thin-gauge galvanized coil, PPGI

Saudi Arabia’s Unicoil has developed thin-gauge galvanized steel and pre-painted galvanized steel, the first products of their kind in the Middle East, the company said on Sunday October 30.

SSAB invests $41m to modernise Finnish pickling line

Swedish steelmaker SSAB will invest SKr370 million ($41 million) in the modernisation of the first section of its pickling line in Hämeenlinna, in southern Finland, it announced on Monday October 31.

Venezuela's Briquetera del Orinoco works toward HBI output rise

Output from Venezuela’s state-owned producer of hot briquetted iron (HBI), Briquetera del Orinoco, has produced 59,915 tonnes of material since the resumption of operations at its No4 plant, it said on Friday October 28.

Australia begins accelerated review of Thai hollow section imports

The Australian anti-dumping commission has announced an accelerated review of the anti-dumping duties applied to hollow structural sections imported from Thailand, it said on Monday October 31.