July 2019

Ternium expects lower third-party slab shipments from Brazilian unit in Q3

Latin American steel group Ternium expects to reduce slab production and sales to third parties from its Brazilian operations in the third quarter of this year versus the second quarter due to a “difficult situation” in the seaborne slab market, Máximo Vedoya, the company's chief executive officer, said on Wednesday July 31.

CSN urges Brazilian steel industry to raise prices amid higher costs, international uptrend

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) called for the industry to push forward on price increases in the domestic steel market, given the international uptrend and higher cost inflation.

Turkish flat steel imports down 11% year on year in June

Turkey imported 515,677 tonnes of flat steel in June 2019, down by 11.29% from the corresponding month in 2018, when 581,315 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said on Wednesday July 31.

Ternium expects North American steel prices to continue to rise

Latin American steel group Ternium expects steel product prices in North America to increase in the third quarter of 2019, following price rises announced by mills in the United States.

India denies running safeguard Investigation on steel imports

India’s Directorate General of Trade Remedies (DGTR) has denied carrying out investigations that could result in safeguard duties being imposed on steel product imports into the country.

CSN Q2 steel sales volumes down 12.1% after blast furnace halt

Sales at Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) dropped by 12.1% in the second quarter from a year earlier because of weakness in markets both at home and abroad, it said.

Brazil's CSN raises FY iron ore sales guidance to 40mln tonnes

Brazil's Companhia Siderúrgica Nacional (CSN) has increased its planned iron ore sales volumes for 2019 by 2 million tonnes or more than 5%, it said.

INTERVIEW: Metinvest is my life, not just work - Yuriy Ryzhenkov

Metinvest chief executive officer Yuriy Ryzhenkov discusses with Marina Shulga the challenges the company has overcome and the strategies for its future prosperity.

US Commerce determines 3.65% dumping margin on most rebar imports from Mexico

The United States Department of Commerce has calculated average dumping margins for imports of Mexico-origin steel reinforcing bar (rebar) at 3.65%, while leaving Deacero out of the final results, the US Federal Register showed on Wednesday July 24.

PEOPLE MOVES: Klöckner & Co appoints new COO, CFO

German metals distributor Klöckner & Co has changed a number of positions on its management team and has appointed a new chief operating officer and chief financial officer, the company said on July 29.