January 2015

JSW shuts down recently acquired 900,000-tpy DRI plant

JSW Steel has shut down production at its 900,000-tpy, gas-based direct reduction iron (DRI) plant in Maharashtra because of the unavailability of natural gas, according to joint md Seshagiri Rao.

Black Sea pig iron export prices fall on easing steel prices

Prices for pig iron exported from Black Sea ports have fallen by $5-10 per tonne in the past week, driven by weakening steel prices and plentiful supply.

Brazil's pig iron producer Sidepar closes plant on poor market

Pig iron producer Sidepar is closing its operations in Brazil’s northern region of Carajás because of the weak conditions in the global market.

Metalloinvest boosts China Q4 iron ore sales by 93% as rouble weakens

Russia’s largest iron ore producer, Metalloinvest, increased its exports to China in the fourth quarter of 2014, as currency fluctuations favoured exports despite the fall in raw material prices.

Tuwairqi Steel Pakistan starts dismantling DRI plant for move to Saudi Arabia

Al Tuwairqi Steel, based in Islamabad in Pakistan, has begun to dismantle its direct reduction iron (DRI) plant to move it to Saudi Arabia, a source close to the company told Steel First on Wednesday January 28.

Ukraine rolled steel output to fall by 28% in February

Ukrainian mills will cut their output of rolled steel products in February by 28% year-on-year to 1.5 million tonnes, the country’s steelmakers’ union, Metallurgprom, said on Monday January 19.

Venezuela's FMO resumes pellet output after 2-year stoppage

Venezuelan state-owned mining company CVG Ferrominera Orinoco (FMO) resumed output at its 3 million-tpy pellet facility this week, the country’s industry ministry said on Thursday January 15.

Brazil's pig iron market at a standstill

The year 2015 does not seem to have started yet for the Brazilian pig iron market, as producers and traders have not reported any trading activity.

Al Tuwairqi Pakistan plans to move DRI plant to Saudi Arabia

Islamabad-based Al Tuwairqi Steel is planning to move its unfinished DRI plant to Saudi Arabia after it failed to secure cheap gas from the Pakistani government.