June 2013

Nucor predicts year-on-year earnings decline in Q2 2013

US steelmaker Nucor expects its second-quarter earnings to be largely unchanged from the first quarter of 2013 but to decline year-on-year, it said in a guidance statement released on Thursday June 13.

Nucor predicts year-on-year earnings decline in Q2 2013

US steelmaker Nucor expects its second-quarter earnings to be largely unchanged from the first quarter of 2013 but to decline year-on-year, it said in a guidance statement released on Thursday June 13.

Baobab names Standard Chartered as adviser on Mozambique pig iron project

Mozambique-focused junior miner Baobab Resources has appointed Standard Chartered Bank as adviser as it aims to raise $1.4 billion to bring its Tete pig iron project into production.

Egypt’s Ezz Steel agrees deferment of $31m bond payments

Ezz Steel has successfully agreed the deferral of principal payments for its direct reduced iron (DRI) project for one year, the company announced on Wednesday June 12.

Brazilian pig iron exports down by 56% year-on-year in May

Brazilian pig iron exports went down by nearly 56% year-on-year in May on a weaker international market for the scrap substitute product.

MB IRON ORE SYMPOSIUM: Cliffs eyes Nucor sales with shift to DR pellet output

US iron ore producer Cliffs Natural Resources is looking to sell direct reduced iron (DRI) pellets to steel producer Nucor’s new DRI plant.

South American nickel producers concerned about NPI impact on market

An increase in nickel pig iron (NPI) production in China last year created competition for nickel producers in Brazil, according to Metal Bulletin sources.

Carajás producers close pig iron deal with Mexican buyer

Merchant pig iron producers from Brazil’s northern region of Carajás have closed an export deal with a Mexican buyer at $408 per tonne cfr, a well-placed source told Steel First on Friday June 7.