October 2016

Venezuela's Briquetera del Orinoco works toward HBI output rise

Output from Venezuela’s state-owned producer of hot briquetted iron (HBI), Briquetera del Orinoco, has produced 59,915 tonnes of material since the resumption of operations at its No4 plant, it said on Friday October 28.

Metalloinvest Q3 iron ore product sales down 4% on lower domestic shipments

Russia’s largest iron ore producer, Metalloinvest, saw sales drop by 3.76% year-on-year to 6.65 million tonnes in the third quarter of 2016, the company said on Friday October 28.

EU customers accept higher Baltic Sea pig iron export prices

Rising coking coal, scrap and finished steel prices have convinced European customers to accept higher pig iron prices from the Baltic, sources told Metal Bulletin on Thursday October 27.

Turkey's Erdemir Group sees earnings fall 8.11% in Jan-Sep 2016

Turkish steelmaking group Erdemir announced earnings before interest, taxes, depreciation and amortisation (Ebitda) of TRY1,738,284,000 ($564.37 million) for the first nine months of 2016.

Turkish long steel producer Kardemir's GM resigns

Ugur Yilmaz, the general manager of Turkey’s largest integrated long steel producer, Kardemir, has resigned, the company said this week.

Qatar Steel parent co sees profit fall for January-September 2016

Qatar Steel’s parent company, Industries Qatar, has posted net profits of 2.73 billion Qatari riyals ($741.15 million) for the first three quarters of 2016, down 29% from the corresponding period of 2015.

World DRI output fell 5% in September, Worldsteel says

Global direct reduced iron (DRI) output fell by 4.87% year-on-year in September 2016, according to the World Steel Assn (Worldsteel).

Venezuela's HBI export prices rise on improved sentiment

Venezuela’s hot briquetted iron (HBI) export prices increased this week on improved market sentiment.

Brazil's pig iron export prices up on fresh deals

Brazilian pig iron export prices increased this week as new deals were closed by producers.