March 2015

China NPI prices fall as plunges in nickel prices sideline stainless mills

China’s nickel pig iron (NPI) prices fell sharply this week, after the plunge in nickel prices put stainless mills off purchasing raw materials.

Brazilian producers sell pig iron cargo to Italy

The recent sale of a pig iron cargo from Brazil’s south-eastern Minas Gerais state to Europe has provided some relief for the local industry.

High-grade Ukrainian pig iron offers to Europe dent Russian prices

Cargoes of high-grade iron ore from Ukraine were being offered into Northern Europe this week, helping to push down prices for Russia-origin low-manganese material.

Keep ferrous metal duties under trade deal with USA, EU committee says

The European Parliament’s industry, research and energy committee has said that tariffs that protect the EU’s energy-intensive industries, such as the ferrous metals sector, should not be removed in trade deal talks with the USA.

Egypt’s Solb Misr earmarks $209m for investments

Egyptian steel producer Solb Misr will spend about E£1.6 billion ($209 million) on investments from now until 2017, it has said.

China’s iron ore output down in 6% in January-February

China’s domestic iron ore production during the first two months of 2015 dropped 5.8% year-on-year, as plunging seaborne prices continued to squeeze local miners out of the market.

Production shutdowns squeeze basic pig iron market

A wave of shutdowns at pig iron producers in Ukraine and Brazil has started to squeeze the market for basic pig iron, with few cargoes reported offered into the market in the third week of March.

Tsingshan inks deal for continuous caster at Indonesian project

The Tsingshan Group, China’s second-largest stainless steel producer, has signed a contract with MCC TianGong Group Corp for the installation of a continuous caster at the site of its Indonesian operations.

Pellet demand grows as China targets polluters, Grange Resources says

Australian pellet producer Grange Resources expects profits and demand for its product to grow in 2015 despite a sharp decline in iron ore prices