July 2013

Qatar Steel revenues fall to $851m in H1 2013

Revenues at Qatar Steel in the first half of 2013 totalled QAR3.1 billion ($850.7 million), the company announced on Tuesday July 30.

Metalloinvest iron ore sales to China drop by 40% in Q2

Sales to China by Russia’s largest iron ore producer, Metalloinvest, fell by 40% year-on-year in the second quarter of 2013, while its domestic sales were up by 13%, according to Steel First calculations.

Explosion in Mexico not expected to impact steel shipments, Ternium says

Latin American steelmaker Ternium does not expect that the explosion last week at one of its steel plants in Mexico will impact its sales, it said on Monday July 29 when confirming an increase in the number of deaths.

FEATURE: HBI export standstill ahead of Venezuela's price-fixing plans

Venezuela's hot-briquetted iron (HBI) industry has been at a standstill while the federal government draws up plans to fix prices for basic products across the iron & steel and aluminium industries.

CIS pig iron prices hold within range as producers look for rises

CIS-origin pig iron prices held uneasily within established ranges this week, with producers looking to push prices higher and larger consumers refusing to buy until prices drop.

CIS pig iron prices hold within range as producers look for rises

CIS-origin pig iron prices held uneasily within established ranges this week, with producers looking to push prices higher and larger consumers refusing to buy until prices drop.

Death toll rises to 6 after Ternium Mexico plant explosion

The number of deaths caused by an explosion at flat steel products plant in northern Mexico run by Ternium has now reached six, the company confirmed on Wednesday July 24.

Ezz Steel reaches 'turning point' as Q1 profit soars to $29m

Egypt’s biggest steel producer, Ezz Steel, has announced net profit after tax and minority interests of E£202 million ($28.8 million) for the first quarter of 2013.

Severstal North America’s output, sales up in Q2 as prices fall

Severstal North America has reported rises in its second-quarter production and sales volumes, despite seeing its finished steel prices tumble.

MIEL to commission 1.5m-tpy Chhattisgarh integrated steel plant in Q3

New Delhi-based steel producer Monnet Ispat & Power (MIEL) will commission a 1.5 million-tpy integrated steel plant in the Indian state of Chhattisgarh in the third quarter of 2013.