August 2014

Russian pig iron producers raise prices after fighting limits Ukraine suppliers

Russia’s pig iron producers have pushed up their offer prices for basic low-manganese material by $10-15 per tonne in response to tightness in supplies from Ukraine.

Mexico’s Ahmsa starts maintenance work on sinter plant

Mexico’s biggest integrated steelmaker, Altos Hornos de México (Ahmsa), has started maintenance work on its sinter plant in Monclova, in the country’s northern Coahuila state.

Ukraine’s DMZ stops pig iron production

Ukraine’s largest merchant pig iron producer, Donetskstal (DMZ), has idled its operations amid the military action in the east of the country, sources told Steel First on Wednesday August 20.

Voestalpine Texas to supply Mexico’s Ahmsa with 400,000-650,000 tpy of HBI

Voestalpine Texas LCC will supply Altos Hornos de México (Ahmsa), Mexico’s biggest integrated steelmaker, with 400,000-650,000 tpy of hot-briquetted iron (HBI) to feed its Fénix steel expansion project.

Ferrous metal shipments through Russia’s Novorossiysk up 17% in July

The port of Novorossiysk, Russia’s main outlet to the Black Sea, saw its ferrous metal shipments rise by 17% year-on-year in July to 746,800 tonnes.

JSW Steel to buy Welspun’s 900,000-tpy gas-based DRI plant

India’s JSW Steel is buying Welspun Max Steel (WMSL), a gas-based DRI maker located in the state of Maharashtra for Rs10 billion ($164 million).

Venezuela's Comsigua resumes HBI output

Venezuela’s Comsigua resumed hot briquetted iron (HBI) production in early August, market sources told Steel First.

Ukraine crisis leads to rise in Russian pig iron prices

Disruptions to Ukraine’s steel industry caused by the continuing conflict in the country have seen prices for Russian pig iron edge up to the top of established ranges.

Bhushan Steel loan deal could see banks appoint external managers

India's Bhushan Steel faces the prospect of being run by an external management agency if a consortium of its lenders insists on the move as part of a deal to release $490 million in funding, sources told Steel First.