November 2014

Brazil's pig iron producers start 2015 export negotiations

Merchant pig iron producers from Brazil’s northern Carajás region have started to negotiate their first export deals for 2015, sources told Steel First on Thursday November 27.

Ukraine pig iron prices head down on fresh DMZ offer

Ukraine-origin basic pig iron prices have fallen further this week following an offer of new material from Donetskstal (DMZ), sources told Steel First on Thursday November 27.

Tuwairqi to quit Pakistan unless cheap gas promise is honoured

Tuwairqi Steel Mills will have to end its operations in Pakistan unless gas is provided at a cheap rate as promised, chairman Hilal Al Tuwairqi told the country’s media on Wednesday November 26.

Metalloinvest earnings down 13% in Q3 2014 on iron ore price tumble

Metalloinvest, Russia’s largest iron ore producer, saw its earnings fall by 13% year-on-year in the third quarter of 2014, as “global iron ore prices remain under pressure of oversupply”, the company said on Tuesday November 25.

Turkey's Kardemir adds converter to raise liquid steel capacity to 3.4m tpy

Turkish integrated long steel producer Kardemir has successfully completed the installation of its converter No3 to increase its liquid steel capacity to 3.4 million tpy, a company official said on Tuesday November 25.

Ukraine pig iron prices drop sharply on renewed activity

Prices for Ukraine-origin basic pig iron have fallen heavily as new material from the country is slowly coming into the market, sources told Steel First on Thursday November 20.

Baobab on track to gain Mozambique pig iron project licence

UK-listed mining junior Baobab Resources has had its application for a mining licence for its Tete pig iron and vanadium project accepted by the government of Mozambique, it said on Wednesday November 19.

Indian domestic DRI prices down $11 per tonne

Indian domestic prices for direct reduced iron (DRI) have fallen by Rs700 ($11) to Rs21,000-21,100 ($342-343) per tonne ex-plant over the last week.