May 2016

Kogi Iron raises $372,000 for Nigeria iron ore, steel project

Australia-listed Kogi Iron has raised A$507,000 ($372,000) through a share issue to support the development of its Agbaja iron ore and steel project in Nigeria, it said on Wednesday May 11.

Turkish long steel producer Kardemir reports 38% fall in Q1 earnings

Turkey’s biggest integrated long steel producer, Kardemir, has reported profit of TRY22.55 million ($7.70 million) for the first quarter of 2016, the company has told the country’s Public Disclosure Platform (KAP).

Brazilian pig iron export prices rise for second week in a row

Export prices for Brazilian pig iron increased for the second week in a row at the beginning of May.

CIS pig iron export prices hold up despite holiday break

CIS pig iron export prices have maintained their upward trend, although little business was heard done over the past week as sellers were mostly away for national holidays.

Brazilian pig iron exports more than triple in April

Brazilian pig iron export volumes more than tripled in April on an annual basis.

Turkey's Kardemir increases domestic long steel prices again

Turkish integrated long steel producer Kardemir further increased its local sales prices on Tuesday May 3.