November 2019

Brazil's Usiminas postpones BF revamp at Ipatinga to mid-2022

Brazilian steelmaker Usiminas has decided to postpone a revamp of the No3 blast furnace at its Ipatinga mill in the southeastern state of Minas Gerais, by 12 months to mid-2022, the company said on Thursday November 28.

Turkish long steel producer Koç Metalurji to restart idled steel works

Turkish long steel producer Koç Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.

FOCUS: ArcelorMittal’s approval for Essar Steel takeover opens door to new market, assists recovery of Indian steel sector

The recent grant of approval from the Indian Supreme Court for ArcelorMittal’s acquisition of Essar Steel brings an end to years of legal wrangles, giving the global steelmaker access to a much sought-after market, and allowing the Indian steel sector to take a further step toward health.

CAPACITY WATCH: Shagang to start 1.71 million tpy crude steel capacity in 2022

Major eastern Chinese steel producer, Shagang plans to add 1.71 million tonnes per year of crude steel capacity in 2022 by replacing 2.28 million tonnes per year of its old capacity, according to the Jiangsu provincial Industry & Information Technology Department.

Brazilian slab helps drive US steel imports up in October

The United States' steel mill product imports jumped month on month in October due in part to a resurgence in the arrival of slab from Brazil, which offset steep declines in inflows of line pipe, oil country goods, reinforcing bar and cold-rolled sheet products.

Canada announces dumping margins on coated coils from Turkey, UAE, Vietnam in anti-dumping probe

The Canada Border Services Agency (CBSA) has announced estimated margins of dumping on certain corrosion-resistant steel sheet from Turkey, the United Arab Emirates (UAE) and Vietnam, as part of an anti-dumping investigation initiated on November 8, 2019.

AQS starts steel output; to reach full capacity in early 2020

Algerian Qatari Steel (AQS) started its own steel production last week, the company told Fastmarkets at the sidelines of the Arab Iron & Steel Union (AISU) annual summit in Tunisia on Wednesday November 27.

Gerdau buys Brazilian long steel producer Silat for $111 million

Brazilian steelmaker Gerdau has agreed to buy 96.4% of Siderúrgica Latino-Americana (Silat) shares from Spanish group Hierros Añón for $110.8 million, in a shift from its divestment strategy of the past four years.

Nippon Steel acquires interest in Grosvenor coal mine

Anglo American has sold a 12% interest in the Grosvenor coal mine in Queensland, Australia, to a consortium of Japanese companies, including steelmaker Nippon Steel, it said on Wednesday November 27.

CAPACITY WATCH: China’s Xinya Group starts construction of new steel plant in Indonesia

Northern Chinese steel producer Xinya Group started construction of a steel strip plant at its joint venture, Indonesia Asia International, on November 23, according to a November 26 notice released by project contractor China Metallurgical Corporation.