February 2016

CIS export pig iron market becomes firmer

Bullish sentiment prevailed this week in the CIS export merchant pig iron market due to reduced raw material supplies and a rise in scrap prices, sources have told Steel First.

Egypt’s Ezz Steel’s new DRI plant passes tests

Ezz Steel's new direct reduced iron (DRI) plant at Suez in Egypt has passed all performance tests and is now exceeding its planned output rate, the company said on Thursday, February 25.

Global DRI output down 20% in January, Worldsteel says

Global output of direct reduced iron (DRI) fell by 19.75% year-on-year in January 2016, according to the World Steel Assn (Worldsteel).

Venezuela's HBI export prices rise on new offers

Export prices for Venezuela’s hot briquetted iron (HBI) increased this week on fresh offers and bids.

Baltic Sea pig iron market up $5 per tonne on improved sentiment

The Baltic Sea export market price for CIS pig iron has increased by $5 per tonne over the past week, sources have told Steel First.

Black Sea pig iron market inches up on DMZ deal

The Black Sea export market for CIS-origin pig iron has risen by $2-3 per tonne over the past week, sources have told Steel First.

Russia's Kosaya Gora to make more pig iron in February

Russian pig iron and ferro-alloys producer Kosaya Gora, in the Tula region, has switched one of its three blast furnaces from ferro-alloys back to pig-iron making.

West African Minerals looks at steel option in Cameroon

Falling prices have prompted junior miner West African Minerals to consider the steelmaking route at its iron ore project in Cameroon, company president Anton Mauve told Steel First in Cape Town.

STEEL FIRST OUTLOOK: EU pig iron prices stable under scrap cap

This week, Metal Bulletin Research (MBR) provides an outlook for the European merchant pig iron market.

Brazil's pig iron exports fall 51% in January

Brazil’s pig iron export volumes declined by more than a half in January, compared with the corresponding month last year.