Venezuelan state-owned iron ore producer CVG Ferrominera Orinoco (FMO) announced it has signed a $200 million contract with China’s Wuhan Iron and Steel (Wisco) to buy the equipment it needs to recover its production capacity
30 August 2011
Venezuelan HBI export prices have risen as producers ended a long period of shipment delays by boosting production in the past couple of months, several sources told MB.
30 August 2011
CVG Ferrominera Orinoco (FMO), Venezuela's state-owned iron ore producer, is selling hot briquetted iron (HBI) after the restart of its long-idled plant a few weeks ago
29 August 2011
European pig iron import prices remain stable ahead of an expected September upturn. Pig iron import prices into Europe were steady this week, with many importers still on holiday, market participants said.
26 August 2011
Tenaris is seeking “adequate and effective compensation” from Venezuela for the state takeover of its Matesi plant more than two years ago
25 August 2011
Oman-based steelmaker Jindal Shadeed has secured a loan of $475 million from several leading banks to fund its expansion plans. The five-year loan will be used to finance billet production at its facility in Sohar
24 August 2011
Nucor Corp. is progressing on several fronts at the site of its planned direct-reduced iron (DRI) manufacturing plant in St. James Parish, La., a top company executive told AMM Friday.
20 August 2011
Iranian steel producer Arfa Iron & Steel will commission an 800,000-tpy long products plant by the end of the year, according to local media reports
19 August 2011
China’s daily crude steel output rose slightly in first ten days of August, according to the latest figures from the China Iron & Steel Association (Cisa)
17 August 2011
Pig iron import prices from the CIS and India into Europe dropped in the second week of August, as global markets tanked and European market participants holidayed
16 August 2011