October 2015

Metalloinvest boosts domestic iron ore sales by 16% in Q3

Russia’s largest iron ore producer, Metalloinvest, increased its sales at home by 16% year-on-year to 4.91 million tonnes in the third quarter of 2015, the company said on Thursday October 29.

CIS pig iron market stabilises on higher scrap prices

The CIS export market for merchant pig iron has stabilised due to an increase in scrap prices, sources told Steel First on Thursday October 29.

NORTH AMERICAN MORNING BRIEF: Key metal market news so far on October 29

The latest news from the metal markets to start the day in North America on Thursday October 29.

Brazilian pig iron prices drop on tough competition in USA

Brazil’s pig iron export prices fell this week, due to increased competition in the US market.

Venezuela’s Sidor resumes operations at pellet plant

Venezuelan state-owned steelmaker Sidor has resumed operations at its pellet plant, the company said on Thursday October 22.

Baltic Sea pig iron market remains weak

The Baltic Sea market for CIS-origin pig iron inched down again over the past week on subdued trading activity, sources told Steel First.

Black Sea pig iron market sentiment bearish

The Black Sea market for CIS pig iron exports inched down over the past week on limited activity, sources told Steel First.

Global DRI output down by 2% in September, Worldsteel says

Global output of direct reduced iron (DRI) fell by 2.4% year-on-year in September 2015, according to data released by the World Steel Assn (Worldsteel) on Tuesday October 20.