August 2016

Argentina's industrial production down 7.9% in July

Argentina’s industrial production fell by 7.90% year-on-year in July, according to figures released by the country’s official statistics agency, Indec, on Wednesday August 31.

Brazil’s senate votes to impeach president Dilma Rousseff

Brazil’s senate has impeached the country's first female president, Dilma Rousseff, with interim president Michel Temer expected to remain n position until the end of 2018.

Mexican iron ore output up nearly 10% in June

Mexico’s iron ore production increased by 9.60% year-on-year in June, according to the latest figures released by the country’s statistics agency, Inegi, on Wednesday August 31.

Steelworkers protest against possible ThyssenKrupp job cuts

About 9,000 workers from different ThyssenKrupp sites participated in a demonstration at the company’s headquarter on Wednesday August 31, German metalworkers’ trade union IG Metall told Metal Bulletin.

JFE to invest in Indonesian cold-drawn wire project

Japanese steelmaker JFE’s trading branch, Shoji Trade, has announced a joint venture with Indonesian steel wire-drawing company Mega Pratama Ferindo (MPF).

MMK boosts sales to Russia-based carmakers by 7% in H1

Magnitogorsk Iron & Steel Works (MMK) increased its sales to Russia-based carmakers by 7% year-on-year in the first half of 2016 to 230,000 tonnes of steel products, the company said on Tuesday August 30.

Australia reviews anti-dumping tariffs for Asian exporters

The Australian anti-dumping commission has initiated a review of anti-dumping duties affecting four exporters of galvanized steel from China and Taiwan, it announced on Wednesday August 31.

Australia reviews anti-dumping tariffs on Chinese aluminium steel exports

The Australian anti-dumping commission has initiated a review of anti-dumping duties affecting two Chinese producers of aluminium zinc-coated steel, it announced on Wednesday August 31.

Worldsteel's Eder calls for steelmaking capacity cuts in Europe

Wolfgang Eder, head of the World Steel Assn (Worldsteel), has called for a reduction in the steelmaking capacity of the EU as the industry suffers from overcapacity and price pressure.

Pig iron producer IMH's H1 earnings plunge 44% on lower prices

Earnings at Industrial Metallurgical Holding (IMH) fell by 44% year-on-year in the first half of 2016 due to declines in the global pig iron and coke prices, parent company Koks Group said on Tuesday August 30.