May 2013

Indian local DRI prices slide further as demand weakens

Domestic prices for direct reduced iron (DRI) in India have fallen for the second consecutive week as demand continues to be subdued because of poor demand for finished products.

Turkish pig iron imports weak in March

Turkish imports of pig iron continued to fall in March, according to data recently published by the Turkish Statistical Institute (TUIK).

CIS pig iron prices hold steady in stalled market

Prices for CIS-origin pig iron were unchanged on Thursday May 23 amid weak trading activity, while falling scrap prices continue to put pressure on the market.

CIS pig iron prices hold steady in stalled market

Prices for CIS-origin pig iron were unchanged on Thursday May 23 amid weak trading activity, while falling scrap prices continue to put pressure on the market.

US steel demand will grow by 4.2% in 2014, Morgan Stanley says

US steel demand will grow by 4.2% in 2014 and will average 4.6% annually between 2015 and 2018, according to a global steel report published by investment bank Morgan Stanley on Wednesday May 22.

Iron and steel corporation moving ahead in Venezuela

The Venezuelan government has been moving ahead with the establishment of a national steel corporation, which will group together the country’s state-owned steel and iron ore companies.

INTERVIEW: Votorantim Siderurgia's long steel sales will rise 3.5% in 2013

Brazil-based long steel producer Votorantim Siderurgia (VS) plans to lift sales by 3.5% in 2013.

STEEL FIRST OUTLOOK: Indian scrap imports to fall 18% in 2013, MBR says

Metal Bulletin Research (MBR) expects India to import less scrap in 2013, given the improving availability of domestic iron ore after some mining bans were lifted, and a new duty on ferrous scrap imports was imposed.