March 2016

Latin America's steel trade deficit with China rises 21% in 2015

Latin America’s trading gap with China in the steel value chain widened last year due to reduced import volumes and lower raw materials prices, regional steel association Alacero said on Thursday March 31.

Mexico’s iron ore production down 26% in January

Iron ore output in Mexico decreased by 25.50% year-on-year in January, according to figures released by national statistics agency Inegi on Thursday March 31.

Kardemir raises billet, bloom prices by another $6

Turkey’s largest integrated long steel producer, Kardemir, increased its billet and bloom prices on Thursday March 31.

Russia-led trade group imposes duties on Ukrainian long steel

The Eurasian Economic Commission has introduced anti-dumping duties of 9.32% and 10.11% on imports of long steel products from Ukraine.

Gazprom closes two auctions for LD pipe supplies

Russia’s Gazprom conducted two auctions for large-diameter (LD) pipe deliveries earlier this month, the state-run gas monopoly said on Tuesday March 29.

Bolivia, China's Sinosteel sign deal for steel project

The Bolivian government has signed a contract with Chinese state-owned contractor Sinosteel for the development of a steel project in the Latin American country.

No rethink for Mitsui on Mozambique coal project investment, Vale says

Financial impairments recorded in Vale’s 2015 earnings statement do not affect Mitsui’s investment decision in its coal project in Mozambique, the Brazilian miner said on Thursday March 31.

South Africa starts safeguarding investigation into flat steel imports

South Africa’s International Trade Administration Commission (ITAC) has initiated a safeguarding investigation into imports of hot rolled (HR) flat steel products.

FEATURE: Reactions to Tata Steel's plan to offload its UK assets

After Indian steelmaker Tata Steel announced plans to sell its entire UK business this week, Steel First surveys the reaction from UK politicians, business leaders, trade unions, and Twitter.

EU opens anti-dumping probe into rebar from Belarus

The European Commission (EC) has initiated an anti-dumping investigation into imports of rebar from Belarus, it said on March 31.