March 2013

Prices hold steady on limited activity in CIS pig iron market

Limited supply to fulfil April deliveries and weak end-user demand have kept CIS-origin pig iron prices at a standstill this week.

Prices hold steady on limited activity in CIS pig iron market

Limited supply to fulfil April deliveries and weak end-user demand have kept CIS-origin pig iron prices at a standstill this week.

Pakistan Steel halts HRC production, updates price list

Pakistan Steel, the country’s state-owned integrated producer, halted production of hot rolled coil (HRC) due to a technical problem earlier this week.

STEEL FIRST OUTLOOK: How much DRI capacity will be built in the USA?

Low natural gas prices in North America have encouraged steelmakers to look into replacing some of their metal needs with direct reduced iron (DRI). Metal Bulletin Research (MBR) examines how much capacity will be built.

Tulachermet to halt 700,000 tpy pig iron furnace for maintenance

Russian producer Tulachermet is planning to idle its 700,000-tpy pig iron blast furnace in June for maintenance work, reducing production by 30% for the month.

Carajás pig iron producers pass on higher iron ore prices to US buyers

Merchant pig iron producers from Brazil’s northern Carajás region have passed on part of an expected rise in iron ore prices to USA buyers for the second quarter this year, sources told Steel First.

CIS pig iron prices edge up $5 on new sales

Prices for CIS-origin pig iron edged higher this week, supported by a shortage of scrap in Russia and the effects of February’s high iron ore prices.

Venezuelan HBI industry at virtual standstill as pellet shortage continues

Venezuelan hot-briquetted iron (HBI) producers affected by a local iron ore pellet shortage saw their problems grow significantly last week, several sources told Steel First.