July 2011

Essar signs power deal for Minn. project

Essar Steel Minnesota LLC has signed a long-term power agreement for its in-development integrated steelmaking complex on Minnesota’s Mesabi Iron Range, moving the project one step closer to operation.

Jindal names Fernández Mazzi, ex-San Cristóbal, to run El Mutún iron ore, steel project

Jindal Steel & Power has named Carlos Fernández Mazzi as the new president of its Bolivian subsidiary, Jindal Steel Bolivia

Outlook favorable for US steel port shipments

Ports along the U.S. East Coast and West Coast are seeing a strengthening in steel shipments—particularly for export, a positive sign for domestic mills.

Sesa Goa Q1 net profit drops 36% to $187 million

Sesa Goa, a subsidiary of Vedanta Resources, has reported a 36% fall in net profit to Rs8.41 billion ($187 million) for the April-June quarter

Brazil books small pig iron sale to US in quiet market (UPDATE)

Brazil’s merchant pig iron export market remains quiet, with producers in the southeastern state of Minas Gerais recently booking a small sale to the United States at $510 per tonne f.o.b. for August shipment.

JSW Steel commissions 2.8m-tpy blast furnace at Vijayanagar

India’s JSW Steel has begun operations at a new 2.8 million tpy blast furnace at its integrated facility at Vijayanagar in the southern Indian state of Karnataka, company director Vinod Nowal told MB

Russian pig iron prices hold steady cfr Europe

Prices of Russian-origin pig iron imports into European ports continue to hold steady ahead of the summer holiday season, sources told MB

Improved seasonal demand sees NLMK boost Q2 production

Novolipetsk Steel (NLMK) produced almost 3 million tonnes of crude steel in the second quarter of 2011. Improved demand was behind the 3.1% increase over the preceding quarter’s total of more than 2.9 million tonnes, the Russian steelmaker said

Brazilian pig iron export market still quiet

Pig iron producers in Brazil's southeastern state of Minas Gerais recently booked an August shipment to the US at $510 per tonne fob but the shipment was small and Brazil's merchant export market remains quiet as a whole

China orders closure of outdated iron-making capacity

China’s Ministry of Industry and Information Technology published a list on Monday of 2,255 companies which must close down outdated facilities before the end of 2011. The list includes 96 steel mills with combined annual capacity of 31.22 million tonnes of pig iron