July 2016

Mexico's Ahmsa reports earnings of $65m in Q2

Mexico’s largest integrated steelmaker, Altos Hornos de México (Ahmsa), reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of 1.23 billion Mexican pesos ($65.27 million) in the second quarter of 2016.

South America's flat steel import price stable on old Chinese offers

Import prices for flat steel products in South America were unchanged this week, due to stable Chinese offers.

HIGHLIGHTS: Iron ore, coking coal analyst rankings, Chinese miners want import duties, Mexico rebar outlook …

Editor Vera Blei looks at the main news covered by Steel First over the past week.

Mexico’s iron ore production down 11.5% in May

Iron ore output in Mexico fell by 11.50% year-on-year in May, according to figures released by the country’s statistics agency, Inegi, on Friday July 29.

EU sets definitive anti-dumping duties on HFP rebar from China

The European Commission (EC) has imposed definitive anti-dumping duties on high fatigue performance (HFP) rebar originating from China, with effect from Thursday July 28.

Turkish scrap imports rise 8% in H1, TUIK says

Turkey’s scrap imports continued to increase in the first half of the year in line with the country’s rising crude steel output from electric arc furnaces (EAFs), according to the Turkish Statistical Institute (TUIK).

ArcelorMittal Mining records 41% earnings increase in Q2

ArcelorMittal’s mining division recorded a 41.74% year-on-year rise in underlying earnings in the second quarter of 2016, the company announced on Friday July 29.

Mexico’s Grupo Collado returns to profit in Q2

Mexican service centre Grupo Collado reported net profit of 28.65 million Mexican pesos ($1.52 million) in the second quarter of 2016, reversing a loss of 13.41 million Mexican pesos ($712,000) a year earlier.

Metinvest Q2 steel output remains largely flat

Steel production at Ukraine’s largest steelmaker, Metinvest, remained largely flat year-on-year in the second quarter of 2016, down by just 0.50%, the company said on Friday July 29.

ArcelorMittal Brasil Q2 earnings fall 41% on lower prices, sales

Earnings at ArcelorMittal’s Brazilian division declined by 40.80% year-on-year in the second quarter of 2016, the company said on Friday July 29.