August 2014

HIGHLIGHTS: Iron ore prices tumble, ArcelorMittal rises, US trade friction

Steel First deputy editor Martin Ritchie reviews the principal steel-sector stories from around the world to emerge in the past week.

Ukraine’s DMZ halts production again on raw material supply failures

Ukraine’s largest merchant pig iron producer, Donetskstal (DMZ), brought production to a complete halt on Thursday August 28 because of a lack of raw materials.

Turkish pig iron imports rise 3% in June

Turkish pig iron imports increased by 3.23% year-on-year to 66,147 tonnes in June, according to the Turkish Statistical Institute (TUIK).

Russian pig iron prices rise as Ukraine unrest continues

Prices for Russia-origin basic low-manganese pig iron rose as trading activity with Ukraine has come to a standstill on the country’s continuing unrest, market sources told Steel First on Thursday August 28.

Kardemir raises prices for long steel, semi-finished, pig iron

Turkish long steel producer Kardemir increased prices for its long and semi-finished steel products in line with the strengthening market and raw material prices on Tuesday August 26.

HIGHLIGHTS: Ukraine crisis drives prices up; weak China data pressures iron ore, domestic prices

Editor Vera Blei looks at the main news covered by Steel First this week.

Venezuela's Briqven resumes HBI output

Venezuela’s Briqven has resumed production of hot briquetted iron (HBI) after a stoppage lasting nearly a year.

MMK agrees pig iron supplies from Metalloinvest on scrap shortage

Magnitogorsk Iron & Steel Works (MMK) has agreed to take pig iron supplies from Metalloinvest due to shortages of scrap material, MMK’s spokesman said on Friday August 22.

Metalloinvest agrees long-term HBI supplies to Pittini's Ferriere Nord

Metalloinvest has agreed long-term supplies of hot briquetted iron (HBI) to the Ferriere Nord long steel mill operated by Italy’s Pittini Group, the Russian company said on Thursday August 21.