January 2016

Canada's SIM commissions 2m-tpy HBI plant in Quebec

Canadian development firm Société Internationale Métallique (SIM) has commissioned Midrex Technologies and Primetals Technologies to build a 2 million-tpy hot-briquetted iron (HBI) plant in Quebec.

Trade slows in Black Sea pig iron market on buyer-seller standoff

The Black Sea market for CIS-origin pig iron has seen little trading activity over the past week, sources told Steel First on Thursday January 28.

Metalloinvest sees iron ore product sales rise 5% in Q4

Russia’s largest iron ore producer, Metalloinvest, increased its sales by 5% year-on-year to 7.23 million tonnes in the fourth quarter of 2015, the company said on Thursday January 28.

Baltic Sea pig iron market quiet on winter lull

The Baltic Sea market for CIS-origin pig iron has remained subdued over the past week, sources told Steel First on Thursday January 28.

Danieli signs investment deals worth $6.2bn with Iran

Italian steelmaking plant manufacturer Danieli has signed deals worth $6.2 billion with Iranian business leaders for the supply of industrial equipment to the Middle Eastern country.

Brazil's Gusa Nordeste starts up billet line

Brazil-based pig iron maker Gusa Nordeste started production at its Aço Verde do Brasil long steel project in the country’s north-eastern Maranhão state last month.

Global DRI output falls 6% in 2015, Worldsteel says

Global output of direct reduced iron (DRI) decreased by 5.96% year-on-year in 2015, according to data released by the World Steel Assn (Worldsteel) on Monday January 25.

CIS pig iron market sentiment worsens with cheaper scrap offers

The Black Sea market for CIS-origin pig iron was quiet this week after scrap prices retreated, sources told Steel First on Thursday January 21.

Kardemir raises prices for rebar, round bar

Turkey’s largest integrated long steel producer, Kardemir, opened its sales book for steel bars at higher prices on Monday January 18.