October 2013

Iran's Sirjan Jahan Steel signs mini-mill construction contract

Iran’s Sirjan Jahan Steel signed a contract for the construction of a 1 million-tpy mini-mill with equipment supplier Tenova and local contractor MMTE on Saturday October 12.

Brazil's pig iron exports fall 19% in September

Brazilian merchant pig iron exports were down by almost one fifth in September, marking the sixth consecutive decline on an annual basis.

CIS pig iron export prices fall on weak demand

Prices for CIS-origin pig iron have fallen on sluggish trading activity, traders told Steel First on Thursday October 10.

Venezuela holds four new tenders for sale of iron ore, HBI

The Venezuelan industry ministry launched four international tenders for the sale of iron ore and hot-briquetted iron (HBI) on Wednesday October 9.

WORLDSTEEL: Sharda Group to double steel capacity in India by 2015

India’s Sharda Group has been expanding its steelmaking operation in Central India through a $150 million investment that is expected to be concluded by the middle of 2015.

Vedanta Q3 pig iron output up while iron ore stalls on mining bans

Diversified miner Vedanta Resources reported higher pig iron production in July-September 2013, but had no iron ore output because of continuing mining bans in India.

WORLDSTEEL: 'No immediate plan' for Techint crude steel expansion in Mexico

Techint, the group that controls steelmaker Ternium and pipe producer Tenaris, has no immediate plans for a crude steel expansion in Mexico, chairman and ceo Paolo Rocca told Steel First on Monday October 7.

AK Steel, Ahmsa push Venezuelan HBI export prices up

Venezuelan hot-briquetted iron (HBI) export prices have moved significantly up and reached their highest level since April this year following two deals recently closed with North American steelmakers.

CIS pig iron prices mixed despite quiet market

Prices for CIS-produced pig iron have had a mixed performance in the past week on sluggish activity and weak demand, market participants told Metal Bulletin sister title Steel First on Thursday October 3.