March 2016

CIS pig iron market remains firm

The Black Sea export market for CIS pig iron has remained strong this week, sources told Steel First on Thursday March 31.

Ezz Steel reduces annual losses as earnings rise 56% in 2015

Earnings at Ezz Steel increased by 56% year-on-year in 2015, helping Egypt’s biggest steelmaker to substantially reduce its annual losses, the company said on Thursday March 31.

HIGHLIGHTS: Liberty House completes Tata Scotland deal, MBR iron ore outlook, Hebei buys into Serbia…

Editor Vera Blei reviews the main news covered by Steel First over the past week.

Voestalpine delays start of Texas HBI plant

Austrian steelmaker Voestalpine has delayed the start of production at its 2 million-tpy hot briquetted iron (HBI) plant in Texas, USA, until the third quarter of 2016, Steel First has heard.

Turkey's Kardemir raises rebar, round bar, billet, pig iron prices

Turkey’s largest integrated long steel producer, Kardemir, increased its bar, billet and pig iron prices on Wednesday March 23.

Oman’s Jindal Shadeed opens new 1.4m-tpy rebar mill

Oman’s Jindal Shadeed, part of India’s Jindal Group, inaugurated its newly expanded rebar mill at the Sohar Industrial Port on Monday March 21.

Venezuela's HBI export market quiet as energy, water crisis grips nation

Venezuela’s hot briquetted iron (HBI) export prices held steady this week as the country continues to struggle with the continuing drought and the resulting power and water shortages.