May 2016

Argentina's industrial production down 6.7% in April

Argentina’s industrial production decreased by 6.70% year-on-year in April, according to provisional figures released by the country’s official statistics agency, Indec, on Tuesday May 31.

Brazilian prosecutor's office demands supension of Samarco deal

The Brazilian federal prosecutor’s office (MPF) has demanded the suspension of the ratification of a deal signed in March by pellet producer Samarco in relation to the collapse of its Fundão tailing dam last November.

SEAISI CONF: Krakatau Steel to resume slab output after BF start-up

Indonesian state-owned steelmaker Krakatau Steel plans to resume slab production only after its first blast furnace comes on stream later this year at its complex in Cilegon, a company source has told Steel First.

Sail reports Q1 net loss of $183m

Steel Authority of India (Sail), India’s second-largest steel producer, has reported a net loss of Rs12.30 billion ($182.81 million) for the January-March quarter of 2016.

Malaysia opens safeguard investigations into wire rod, rebar imports

The Malaysian government announced the implementation of two separate investigations into possible safeguarding measures on imported long steel products in a federal notice published on Friday May 27.

Australia denies ThyssenKrupp Mannex anti-dumping duty exemption

The Australian government’s anti-dumping commission refused exemption from anti-dumping tariffs to European steel conglomerate ThyssenKrupp Mannex (TKM) in a declaration on Monday May 16.

Brazil's CSN appoints Salama interim investor relations director

CSN has appointed David Salama as interim investor relations director, the Brazilian steel and iron ore producer said on Tuesday May 31.

Turkish long steelmaker Icdas cuts rebar, wire rod prices

Turkish long steel producer Icdas cut its local prices for rebar and wire rod on Tuesday May 31.

Mexico’s iron ore production down by a fifth in March

Iron ore production in Mexico fell by 18.80% year-on-year in March, according to figures released by the country’s statistics agency, Inegi, on Tuesday May 31.

Turkey needs more trade protection, consolidation, Kardemir gm says

The general manager of Turkish integrated long steel producer Kardemir has urged greater use of trade protection measures and more consolidation to protect the country’s steel industry.