May 2015

China’s iron ore output continues to slide in April

China’s domestic iron ore production fell 16% year-on-year in April, as local miners continued to cut output amid low prices.

CIS pig iron market flat on subdued trading

The CIS export pig iron market has seen limited trading activity since mid-May, while prices have remained broadly flat, sources told Steel First on Thursday May 28.

Metalloinvest plans to keep capex flat until 2023 at $600-700m

Russia’s largest iron ore producer, Metalloinvest, plans to keep its annual capex stable at $600-700 million from now until 2023, the company said on Tuesday May 26.

Metalloinvest to boost HBI, DRI output by 45% by 2023

Russia’s largest iron ore producer, Metalloinvest, intends to increase its combined output of hot briquetted iron (HBI) and direct reduced iron (DRI) by 45% by 2023.

Global DRI output down 8.6% in April, Worldsteel says

Global output of direct reduced iron (DRI) decreased by 8.6% year-on-year in April 2015, according to the most recent data released by the World Steel Assn (Worldsteel).

BIR DUBAI: Short-term worries dominate scrap market outlook

Concerns over the short-term outlook for the scrap market dominated discussions at last week’s annual meeting of the Bureau of International Recycling (BIR) in Dubai.

Brazil's Gusa Nordeste to start up billet, long steel project in 2016

Brazil-based pig iron maker Gusa Nordeste will commence output at its Aço Verde do Brasil long steel project, in the country’s north-eastern Maranhão state, in early 2016.

Brazilian pig iron producers raise export prices on recovering demand

Merchant pig iron producers in Brazil’s northern region of Carajás saw their export prices increase by $10-15 per tonne this week, market participants told Steel First.

CIS pig iron prices steady on limited activity

The CIS export pig iron market has seen no significant changes over the past week amid subdued trading activity, sources told Steel First on Thursday May 21.

Russia’s steel products output down 3% in April

Steel products output in Russia inched down by 3% in April to 4.9 million tonnes, the country’s federal statistics service, Rosstat, said on Wednesday May 20.