December 2017

Steelmaking Raw Materials Trade Log, December 8, 2017

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

CIS PIG IRON: Suppliers sell large volumes to US, price rise in other regions

Prices went up in the export market for CIS-origin pig iron after steelmakers sold large volumes to the United States in late November, creating shortages in other markets.

Turkish long steel mill Kardemir raises domestic prices across range

Turkish long steel producer Kardemir opened its domestic sales book at higher prices on Thursday December 7.

MEIS 2017: Emirates Steel forecasts rising rebar consumption, focus on diversification

Rebar consumption will continue to rise in the United Arab Emirates, according to the chief executive officer of the country’s biggest steel producer.

ArcelorMittal restarts blast furnace steel output at Bremen

ArcelorMittal restarted operations at blast furnace (BF) No2 at its steelmaking plant in Bremen, Germany, on Saturday December 2 after two months of modernization, Metal Bulletin has learnt.

Brazilian pig iron exports rise 36% in November on US demand

Brazil’s pig iron export volumes went up by 35.65% year-on-year in November, mostly due to increased demand from the United States, Metal Bulletin has learnt.

India's Bhushan Power & Steel ramps up new Odisha blast furnace

India’s Bhushan Power & Steel is ramping up production at its new blast furnace in Rengali, in the Indian state of Odisha, after firing it up on November 7.

ISD may lose control of Alchevsk Iron & Steel to Ukraine rebels

Industrial Union of Donbass (ISD) is facing a significant risk that it will lose control over the Alchevsk Iron & Steel Works and other group assets in rebel-held districts of the Luhansk region in eastern Ukraine, the company announced in a recent results report.

STEEL WEEK IN BRIEF: Iron ore above $70 per tonne, coking coal prices surge, trade case monitor...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Indian domestic billet prices up by $19 per tonne in a week

Indian local billet prices have increased by at least Rs1,200 per tonne during the current week with prices of raw materials such as direct-reduced iron (DRI) reaching a three-year high.