June 2011

COALTRANS: Cosipar and Mir Steel UK move forward with Brazilian slab mill talks

Brazilian merchant pig iron group Cosipar and Mir Steel UK are still in discussions about building a slab mill in Brazil’s northern state of Pará.

Baosteel, Zhangjiagang Pohang cut bids for nickel pig iron

Baosteel Stainless and Zhangjiagang Pohang Stainless Steel have cut their July bids for high-grade nickel pig iron by 20 yuan ($3), tracking falling spot prices, with more mills expected to do the same

SMS Siemag takes majority stake in Metix

Plant manufacturer SMS Siemag has acquired a majority share in Metix, a South African company that supplies equipment and engineering services to the ferroalloy industry.

Weak demand pulls down pig iron prices in northern China

Pig iron prices in northern China have fallen on slack demand from steel mills, tracking the falling prices of other steelmaking raw materials

COALTRANS BRAZIL: Acerías studies Colombia pig iron jv with Dongkuk Steel

Colombian steelmaker Acerías Paz del Río, owned by Brazil-based Votorantim Siderurgia, has begun studies with South Korea's Dongkuk Steel for the construction of a pig iron facility in the Andean nation

(AMM) Harsco awarded India contracts

Harsco Corp. has expanded its footprint in India, landing contracts to provide mill services to another steelmaker.

Tenova wins contract to supply Nghi Son Iron and Steel’s EAF

Italian steel equipment and technology supplier Tenova Group has won a contract to supply steel melting technology for Nghi Son Iron and Steel’s 1 million tpy electric arc furnace plant in Vietnam

Venezuela will pay $200 million for Japanese Comsigua stakes

Venezuela’s government will pay $200 million for the stakes owned by Japanese companies in the country’s 1.4 million-tpy hot briquetted iron (HBI) producer Complejo Siderúrgico de Guayana (Comsigua)

Venezuela expropriates Tenaris’ Matesi HBI plant

Venezuela’s government has expropriated Matesi, a 1.5 million tpy hot briquette iron (HBI) producer that belonged to Luxembourg-based steel pipe manufacturer Tenaris.

(AMM) STEEL SUCCESS: Raw materials divides haves, have-nots

Global competitors will continue to have to lay hands on raw material resources even as China’s thrust to source raw materials around the world intensifies, John Lichtenstein, managing director of the metals practice at Accenture, said.