April 2015

Metalloinvest reports 4% drop in Q1 pellet shipments

Russian mining major Metalloinvest saw its iron pellet shipment volumes drop by 4% year-on-year in the first quarter of 2015, it said on Thursday April 30.

Buyers hesitant over higher CIS pig iron export prices

CIS pig iron export prices have inched down over the past week with new deals clinched, sources told Steel First.

Gas supply price 'not workable' for Tuwairqi Steel, minister says

The price sought by Pakistan’s Tuwairqi Steel Mills for its supplies of natural gas is not workable, federal finance minister Ishaq Dar has said.

Turkish pig iron imports fell 23% in February, TUIK says

Pig iron import volumes into Turkey continued to fall in February because of strengthening prices, according to the data newly released by the Turkish Statistical Institute (TUIK).

Hebei Steel net profits up 17% in Q1, industry remains under "high pressure"

Hebei Steel’s net profits totalled 189.73 million yuan ($31 million) in the first quarter, up almost 17% year-on-year, the north China steel major said in its latest results report on Tuesday April 28.

Brazilian pig iron producers eye export price rises

Merchant pig iron producers in Brazil’s northern region of Carajás are mulling export price increases, sources have told Steel First.

CIS pig iron prices steady

The CIS pig iron export market has remained broadly stable over the past week on limited trading activity, sources told Steel First.

Global DRI output down marginally in March, Worldsteel says

Global output of direct reduced iron (DRI) decreased by 1% year-on-year in March 2015 as production in Libya ground to a halt, according to data released by the World Steel Assn (Worldsteel) this week.

China’s iron ore output down 13% in March

China’s domestic iron ore production in March dropped 13% year-on-year, as local miners continued cutting output due to plunging seaborne prices.