September 2016

Latin America’s CRC export prices up, HDG down on new offers

Latin America’s export prices for cold rolled coil (CRC) and hot dipped galvanized coil (HDG) fell this week due to new offers from Brazilian companies.

HIGHLIGHTS: Irepas, Eurometal events, UK steel industry news, pre-holidays China...

European steel editor Alona Yunda reviews the main steel market news covered by Metal Bulletin over the past week.

Mexico's iron ore output down 2% in July

Mexico’s iron ore production fell by 2.30% year-on-year in July, according to figures released by national statistics agency Inegi on Friday September 30.

British Steel returns to profit, announces $65m investments

UK long steel products manufacturer British Steel is “on track” to announce a profit for the financial year ending March 31, 2017, the company said on Thursday September 29.

EUROMETAL MILAN: Margins 'not enough for sustainable growth'

European distributors are not achieving sustainable margins for future growth and investment, delegates at the Eurometal Southern Europe meeting in Milan said on Thursday September 29.

EUROMETAL MILAN: Distributors question trade defence, consolidation

Trade defence measures and a trend toward consolidation could limit the numbers of steel product distributors operating in Europe, participants were told at Eurometal’s Southern Europe meeting on Thursday September 29.

Vale, Mitsui agree new terms for Mozambique coal project deal

Brazilian miner Vale has agreed on new terms for its Mozambique coal project deal with Japanese trading house Mitsui, and is expecting to receive as much as $768 million in the operation.

Brazil's capital goods sector revenues down 17% in August

Capital goods revenues in Brazil dropped by 17.40% year-on-year in August, according to figures released by the country’s capital goods association, Abimaq.

British Steel criticises UK government inaction on steel industry

Long steel products manufacturer British Steel has called on the UK government to translate its words on the steel industry into action.

Egypt’s Ezz Steel sees earnings increase 113% in H1

Earnings at Egyptian steelmaker Ezz Steel increased by 113% year-on-year in the first half of 2016, according to a financial statement published on Thursday September 29.