December 2013

Venezuela's HBI production nil in December

Venezuela is not currently producing any tonnages of hot-briquetted iron (HBI), due to a local shortage of iron ore pellet, Steel First has heard.

CIS pig iron prices firm amid steady trading

Prices for CIS-origin pig iron have held steady amid consistent market activity and a large Ukraine-origin basic pig iron booking, sources told Steel First on Thursday December 5.

Venezuela launches new tender for DRI sale

The Venezuelan industry ministry has opened a new international tender for the sale of direct reduced iron (DRI), it announced on Wednesday December 4.

Beacon Hill eyes pig iron with Mozambique iron ore acquisition

Dual Australia and UK-listed coking coal producer Beacon Hill Resources has entered into an agreement to buy 70% of an iron ore exploration licence in Mozambique, the company said on Wednesday December 4.

STEEL FIRST OUTLOOK: Middle East to be net importer of DRI by 2019, MBR says

Growth in the number of electric arc furnaces (EAFs) in the Middle East will turn the region into a net importer of direct reduction iron (DRI) by 2019, according to Metal Bulletin Research (MBR).