August 2016

Pig iron producer IMH's H1 earnings plunge 44% on lower prices

Earnings at Industrial Metallurgical Holding (IMH) fell by 44% year-on-year in the first half of 2016 due to declines in the global pig iron and coke prices, parent company Koks Group said on Tuesday August 30.

Venezuela's Sidor unveils production recovery plan

Sidor’s president Justo Noguera Pietri has unveiled a six-stage production recovery plan for the state-owned Venezuelan steelmaker.

Venezuela HBI export price falls on news of fresh deal to USA

Venezuela’s hot briquetted iron (HBI) export prices fell this week, following reports of a fresh deal in the market.

Brazil's pig iron export prices up on renewed trading activity

Export prices for Brazilian pig iron increased by $5 per tonne this week on new trading activity.

Raw Materials Trade Log, August 26, 2016

Latest transaction: pig iron, HBI

Metalloinvest H1 earnings plunge 39% on lower iron ore, steel prices

Earnings at Russia’s largest iron ore producer, Metalloinvest, tumbled by 38.90% in the first half of 2016, due to falls in the prices of iron ore and steel, the company said on Thursday August 25.

Baltic Sea pig iron export market remains broadly steady

The Baltic Sea pig iron export market has been broadly steady over the past week, but prices are expected to rise in the next few weeks, Metal Bulletin learnt on Thursday August 25.

Black Sea pig iron exporters push for higher prices

Sentiment in the Black Sea export pig iron market turned bullish this week amid expectations of a recovery in buying activity, Metal Bulletin learnt on Thursday August 25.

Venezuela's Sidor resumes DRI output at Midrex I

Venezuelan state-owned steelmaker Sidor has recently resumed operations at one of its direct reduction iron (DRI) units, it said on Monday August 22.

Global DRI output down 12% in July, Worldsteel says

Global direct reduced iron (DRI) output fell by 12.48% year-on-year in July 2016, according to the World Steel Assn (Worldsteel).