November 2011

Taigang cuts December nickel pig iron price by 12%

Taigang Stainless has cut its bid price for high-grade nickel pig iron by 12% in December, tracking falling spot nickel pig iron and refined nickel prices

Ternium will reassess Açu slab mill project with Usiminas, Novegil says

Ternium will reassess its Açu slab project in Brazil to evaluate the possibility of using DRI rather than blast furnace technology.

Indian domestic DRI prices fall despite low production

Prices for directly reduced iron (DRI) in the Indian domestic market have fallen by Rs2,000 ($38) per tonne in the past three weeks.

Brazil’s Sidepar works to reverse Vale’s suspension of pig iron shipment

Siderúrgica do Pará (Sidepar), one of Brazil’s largest merchant pig iron producers, is trying to reverse a decision taken by Vale to suspend the receipt and shipment of its pig iron output through the miner's logistics network.

COMMENT: Production cuts and strikes – can European steelmaking recover?

The recent spate of production cuts made by steelmakers operating in Europe has highlighted the fragile nature of the continent's industry.

Slack demand, low prices force CIS pig iron producers to slash output

Tumbling iron ore prices and a demand drought in Europe in October have seen many CIS producers slash pig iron output forecasts for November and beyond.

Vertical integration a top priority: Severstal NA’s Yost

A top executive of Severstal North America Inc., which has invested more than $1.3 billion over half a decade to construct one of the world’s most technologically advanced mini-mills in Columbus, Miss., conceded that despite the 10-figure outlay, the electric furnace (EF)-based flat-rolled facility is missing a pivotal component.

Pig iron export prices from CIS steady as iron ore prices firm

Pig iron export prices from the CIS held steady this week as higher iron ore prices and production cuts brought an end to more than two months of price falls.

Ukrainian pig iron producers slash production as demand diminishes

Pig iron producers in Ukraine have slashed November and December production on the back of slack demand and falling prices, sources told Metal Bulletin.

Mobarekeh Steel’s Saba DRI module to be commissioned by April

The direct reduced iron (DRI) module at Mobarekeh Steel’s Saba plant in Iran will be commissioned by April next year, according to the company’s managing director