November 2016

Russia's NLMK aims for self-sufficiency with opening of Stoilenskiy pelletizing plant

Russia’s largest steelmaker, Novolipetsk Steel (NLMK) has opened a 6 million-tpy pelletizing plant at its Stoilenskiy iron ore asset in the west of Russia, the company said on Tuesday November 29.

HIGHLIGHTS: Iron ore nears $80 per tonne, coking coal stable, steel prices up...

Latin America editor Ana Paula Camargo reviews the main global steel market news covered by Metal Bulletin over the past week.

CIS export pig iron prices seek market direction

The prices of CIS-origin pig iron have shown mixed dynamics over the past week, as many traders adopted a wait-and-see approach after Chinese import iron ore prices fell then bounced back, while coking coal has been stable.

UAE, Algeria create joint venture to make DRI, structural steel, pipe

Emarat Dzayer Steel of the UAE has signed an agreement to develop a $1.6 billion steel plant in Algeria’s Annaba Province, it said on Tuesday November 22.

World DRI output rose 2% in October, Worldsteel says

Global output of direct reduced iron (DRI) rose by 2.24% year-on-year in October 2016, according to the World Steel Assn (Worldsteel).

Malaysia's Kinsteel reduces losses in Q3

Malaysian steelmaker Kinsteel recorded consolidated pre-tax losses of 15.47 million ringgit ($3.50 million) for the third quarter of 2016, the company said on Monday November 21.

CIS export pig iron price rises supported by other raw materials

Export prices for CIS-origin pig iron reached new heights this week, supported by the continuing robust pricing of other raw materials, sources told Metal Bulletin on Thursday November 17.

Kuwait Steel may build pellet plant to cut import dependency

Kuwait Steel (KWT), the country’s sole steelmaker, may build its own pelletizing plant to make it less dependent on imported raw materials, assistant marketing manager Ziad Elroubi told Metal Bulletin late last month.

STEEL MARKET OUTLOOK: Will steelmakers’ margins outside China also fall?

Metal Bulletin Research (MBR) looks at how rising raw materials costs have affected producers in China, and how the rest of the world will cope, should Chinese price rises spread.

Brazilian pig iron export prices up $5 per tonne

Brazilian pig iron export prices have gone up for the fourth week in a row this week, following fresh deals and a general pricing uptrend in the steel market.