December 2014

Kardemir announces its Q1 2015 sales plan

Turkish integrated long steel producer Kardemir has announced its sales plan for the first quarter of 2015, according to a note filed with the country’s Public Disclosure Platform (KAP).

2014 REVIEW: Ukraine unrest rattles CIS pig iron suppliers, traders

Political unrest and military action in Ukraine have shaken up supply flows and trading patterns of CIS pig iron in 2014 – but end-users have barely felt it.

Russian pig iron offers plummet by $25 on rouble crash

Offer prices for Russia-origin basic low-manganese pig iron dropped by $25 per tonne, prompted by the weakening rouble, sources told Steel First on Thursday December 18.

Saudi Arabia’s Al Atoun Steel to resume construction of billet plant

Saudi Arabia’s Al Atoun Steel, located in Yanbu, is planning to resume the construction of a billet plant soon.

INTERVIEW: Global DR pellet shortage predicted

The former ceo of Bahrain Steel predicts a shortage of DR pellets, as plentiful gas supplies lead to growing interest in the product across the Middle East and beyond.

Perwaja Steel plans to lay off 1,000 employees

Malaysian steelmaker Perwaja Holdings has announced that its wholly owned subsidiary Perwaja Steel plans to carry out a retrenchment programme for its employees as its operations remain suspended.

INTERVIEW: Emirates Steel focuses on efficiency

When asked about the key focus for his company for the next year, the ceo of Emirates Steel answers without hesitation: “Efficiency – that’s what we are going to focus on for 2015.”

Low demand keeps CIS pig iron prices unchanged

Low demand in Europe and continued uncertainty over Ukraine kept CIS pig iron purchases and prices at bay, sources told Steel First on Thursday December 11.

Baobab secures $700,000 funding for Mozambique iron ore projects

UK-listed iron ore junior Baobab Resources has secured $700,000 in funding, from African Mineral Exploration and Development Fund subsidiary Topaz, for the development of iron ore projects in Mozambique.