February 2014

Turkish pig iron imports fall 29% in 2013

Turkish pig iron imports fell on low demand in year 2013, according to the data released by the Turkish Statistical Institute (TUIK).

Ecuador raises import tariffs for rebar and other steel products

Ecuador’s government has increased import tariffs on rebar and a number of other steel products, in a bid to protect its domestic industry from competitively priced material from overseas.

CIS pig iron prices hold within ranges on limited trading

CIS-origin pig iron prices were unchanged amid subdued trading activity, market participants told Steel First on Thursday February 27.

G Steel resuming HRC production next month

Thailand’s hot rolled coil manufacturer G Steel plans to resume production at its long-idled integrated plant in Rayong province following procurement and sales deals closed with a local company.

Venezuela opens new tender for DRI fines sale

Venezuela’s industry ministry has launched a new international tender for the sale of direct reduced iron (DRI) fines.

Russian pig iron prices bend to pressure from scrap prices

Russian basic low-manganese pig iron prices moved down by $5 per tonne amid largely quiet CIS pig iron trading, market participants told Steel First on Thursday February 20.

Vetorial targets 10,000-tpm long steel output at Paraguay's Acepar

Brazilian pig iron producer Vetorial expects to produce at least 10,000 tpm at its recently leased Acepar long steel plant in Paraguay.

Kardemir lowers prices for bar, pig iron

Turkish integrated long steel producer Kardemir has reduced its prices for round bar, rebar, and pig iron with effect from Tuesday February 18.