Indian local directly reduced iron (DRI) prices have increased by at least Rs 500 ($11) per tone to Rs 16500 to Rs 17000 per tonne ex-plant compared to Rs 16000-Rs 16200 per tonne towards end of last week
31 August 2010
Venezuelan hot briquetted iron (HBI) producers are offering export material at around $280-290 per tonne fob, up $20-30 per tonne since the start of this month, sources told MB
31 August 2010
Egypt’s Ezz Steel reported a 43% increase in Ebitda to E£1.2 billion ($211 million) for the first six months of 2010, up from E£845 million in the corresponding period in 2009
26 August 2010
The Indian government is considering penal action against Vedanta Resources for illegal mining and flouting forest conservation legislation, minister for environment and forests Jairam Ramesh said
25 August 2010
Building work at Arfa Iron & Steel's two new plants, which will add 1.6 million tpy capacity, is progressing and is on schedule for completion, md Ahmad Keyvanara said.
23 August 2010
South American pig iron producers might be pricing themselves out of the market, one U.S. trader said in response to reports that producers from Brazil's northern region of Carajas secured a $15-per-tonne increase this past week in an export deal to the United States.
20 August 2010
Merchant pig iron producers from Brazil’s northern region of Carajás closed an export deal for the USA at around $450 per tonne cfr, a $15 per tonne increase from the latest transaction two weeks ago
18 August 2010
Pig iron producers steeply increased their offers this week on expectations that more buyers would return to the market after the summer lull and Ramadan, they told MB.
17 August 2010
Direct reduced iron (DRI) prices in India have increased to Rs 16,300-16,500 ($348-352) per tonne ex-plant due to tight supply of iron ore.
13 August 2010
Vale has told Brazilian merchant pig iron producers it will sell them iron ore at a discounted price in August and September, but only if their export prices stay below a specified level, several of the producers told MB.
05 August 2010