September 2010

Lisco will focus HRC and HBI production to export market in '10 - MBR

Libya’s state-owned Libyan Iron and Steel Co (Lisco) will direct the majority of its hot rolled coil and hot briquetted iron production to southern Europe and the Mena region supported by healthy demand, according to senior metals analyst at Metal Bulletin Research Mark Beveridge

CIS pig iron prices fall $40 on poor demand

CIS pig iron prices fell sharply this week on weak demand


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ArcelorMittal Ostrava sells pig iron on spot market after Evraz talks fail

ArcelorMittal has begun selling pig iron in the merchant market after failing to agree prices with Russian steelmaker Evraz, a spokesman for the company confirmed.

Pig iron and HBI industries look at price risk management

Pig iron and hot-briquetted iron (HBI) market participants are exploring risk management tools in order to protect themselves from price volatility, market participants told MB.

Indian local DRI prices rise on tightening supply

Indian direct reduced iron (DRI) prices have risen on tightening raw material supply

CIS pig iron export prices fall on dull demand/Brazilian competition

CIS pig iron export offers and sale prices for October production to the EU and USA fell again in the last two weeks on sluggish demand and a drop in Brazilian pig iron prices, market participants said

International pig iron and HBI associations meet in Athens to vote on potential merger

Members of the International Pig Iron Assn (IPIA) and of the Hot Briquetted Iron Assn (HBIA) are to discuss a potential merger between the two associations at a meeting in Athens on Wednesday, members told MB.

(AMM) ZincOx pegs cost of Korean project at $270M

ZincOx Resources Plc's two phases of its Korean Recycling Plant (KRP) will cost a combined $270 million, with phase one accounting for $124 million of that total and phase two $146 million.

Venezuela exporting HBI at around $260 per tonne fob

Venezuelan hot briquetted iron (HBI) producers have been closing export deals for prices around $260 per tonne fob, down some $20 per tonne from last month, local sources told MB