April 2016

HIGHLIGHTS: Futures in China, global earnings, EU steel market outlook...

Latin America editor Ana Paula Camargo reviews the main news covered by Steel First over the past week.

MB DRI & PELLET: Headwinds subdue mood at Dubai industry conference

Despite recent bullishness in global ferrous markets, most of the 200 or so delegates at Metal Bulletin's 4th World DRI & Pellet Congress in Dubai, UAE, this week did not share the upbeat mood.

Brazilian pig iron export prices up $20 per tonne on global trends

Brazilian pig iron export prices have risen by $20 per tonne in the last week of April, following the upward trend in the international steel market.

Metalloinvest Q1 iron ore product sales stable

Sales by Russia’s largest iron ore producer, Metalloinvest, inched down by 0.10% year-on-year to 6.60 million tonnes in the first quarter of 2016, the company said on Thursday April 28.

CIS pig iron exporters push for further price rises

CIS pig iron exporters maintained their push for higher prices this week, sources told Steel First on Thursday April 28.

MB DRI & PELLET: DRI-based steelmakers looking for alternatives

Steelmakers in the Middle East and North Africa are looking into alternatives as direct reduction iron (DRI) becomes less competitive, delegates were told at the World DRI & Pellet Congress in Dubai.

Russia’s IMH increases Q1 pig iron output by 4%

Industrial Metallurgical Holding (IMH) has increased its pig iron production by 4.11% year-on-year in the first quarter of 2016, the parent company Koks Group said on Tuesday April 26.

MB DRI & PELLET: Iran could turn regional DR pellet supplier, Mobarakeh says

Iran could become a supplier of direct reduction (DR) pellet to the nearby countries in the Middle East, Bahram Sobhani, md of Mobarakeh Steel, said in Dubai on Tuesday April 26.

CIS pig iron prices up as buyers accept increases

CIS pig iron prices have increased again over the past week, by $10-24 per tonne, sources told Steel First on Thursday April 21.

Evraz keeps focus on semi-finished steel in Q1 2016

Russian steelmaker Evraz increased its output of semi-finished steel products and merchant pig iron in the first quarter of 2016, while finished steel production declined, it said on Wednesday April 20.