May 2013

Venezuelan HBI prices down on weak demand, scrap oversupply

Export prices for Venezuelan hot briquetted iron (HBI) fell recently and are set to fall further as a consequence of a weak, scrap-overloaded international market.

Brazilian pig iron prices plunge in deal to the USA

Merchant pig iron producers in Brazil’s northern region of Carajás have suffered a drop of more than $20 per tonne in their export price to the USA, following several weeks with no transactions.

Evraz’s Rehwinkel appointed AISI chairman

Michael Rehwinkel, president and ceo of Evraz North America, has been elected chairman of the Washington-based American Iron & Steel Institute (AISI).

CIS pig iron prices tumble on weaker scrap prices

CIS-origin pig iron prices have fallen, following recent scrap price falls amid weak buying activity, market participants told Steel First on Thursday May 16.

Oman’s Jindal Shadeed shuts HBI plant for scheduled maintenance

Oman-based Jindal Shadeed Iron & Steel has shut its hot briquette iron (HBI) unit for scheduled maintenance, a company official said on Thursday May 16.

Brazilian pig iron exports down in April on lower US purchases

Merchant pig iron exports from Brazil fell 17.7% year-on-year in April as a consequence of lower shipments to US buyers.

Traders bearish on static CIS pig iron market

National holidays in Russia and Ukraine held CIS pig iron prices steady in a market unmoved by trades on Thursday May 9.

IABr CONFERENCE: VSB's Brazil blast furnace to fire up 'soon'

Vallourec & Sumitomo Tubos do Brasil (VSB) will soon put a blast furnace into operation at its 600,000-tpy integrated seamless pipe plant in Brazil’s south-eastern Minas Gerais state.