February 2015

HIGHLIGHTS: Raw materials under spotlight, EU stainless stand-off

The Chinese New Year holidays saw many of the markets covered by Steel First get off to a quiet start this week, with the lull in trade arresting the dramatic price falls seen in iron ore and scrap.

Brazil's export pig iron prices not 'viable' for local producers

Brazil’s current pig iron export prices are not “viable” for local producers, market participants have told Steel First.

Redbird bids $32m to take junior miner Baobab private

Mozambique-focused iron and steel junior Baobab Resources has received a £20.5 million ($31.8 million) takeover offer from its largest shareholder, Redbird Investments.

CIS pig iron prices in uneasy balance as supply issues loom

Prices of pig iron from Ukraine and Russia reached an uneasy balance on Thursday February 26 as demand- and supply-side pressures weighed on the market.

Turkish pig iron imports down 7% in 2014, TUIK says

Turkish pig iron imports fell 7.09% year-on-year to 912,961 tonnes in 2014, according to the Turkish Statistical Institute (TUIK).

Baobab shifts focus to Mozambique rebar, lines up Chinese investor

UK-listed junior miner Baobab Resources is in partnership talks with a major Chinese state-owned enterprise in an attempt to build Mozambique’s first steel mill.

Anti-corruption NGO urges Pakistan to supply cheap gas to DRI plant

Global anti-corruption, non-governmental organisation (NGO), Transparency International, has called on Pakistan's minister of finance to supply low-priced gas to Al Tuwairqi Steel Mills.

CIS pig iron export prices tumble $100 per tonne on scrap slump

Ukrainian and Russian pig iron export prices have fallen to their lowest levels in five years on Thursday February 19, in line with tumbling ferrous scrap prices.

Kardemir opens long steel, semi-finished, pig iron sales at lower prices

Turkish integrated long steel producer Kardemir has opened its sales of long steel, semi-finished products and pig iron with lower prices, the company announced on Wednesday February 18.