May 2016

HIGHLIGHTS: Falling raw materials prices, trade cases, investigations in Brazil...

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

Bearish sentiment prevails in CIS pig iron market

Sentiment in the CIS export pig iron market has remained bearish over the past week, sources told Steel First on Thursday May 26.

SG IRON ORE WEEK 2016: Worst time 'has passed' for steel, iron ore

Delegates to the Singapore Iron Ore Week 2016 conference seemed to be in a better mood than they were a year earlier, in the belief that the market trough for the industry has now passed.

INTERVIEW: IMIC targets pellet feed sales from ‘attractive’ Cameroon project

As global iron ore pricing remains weak, Cameroon-focused International Mining & Infrastructure Corp (IMIC) is looking to tap into the more lucrative market for direct reduction (DR) iron ore pellet feed.

Black Sea pig iron prices retreat on downward pressure from buyers

The Black Sea market prices for CIS-origin pig iron have declined over the past week, sources told Steel First on Thursday May 19.

Tata Steel drops plan for merger with subsidiaries

Tata Steel will roll back its proposed merger with subsidiary companies Tata Metaliks and Tata Metaliks DI Pipes, it announced on Tuesday May 17.

Russia’s IMH sees rouble-denominated earnings drop 4% in 2015

Industrial Metallurgical Holding (IMH) showed a decline in earnings of 4% year-on-year in 2015, parent company Koks Group said on Thursday May 12.

Germany’s HKM to invest $137m in relining blast furnace

German steelmaker Hüttenwerke Krupp-Mannesmann (HKM) will invest €120 million ($137 million) in relining blast furnace B at its Duisburg plant.

Metalloinvest, Tulachermet agree $104m deal for high-grade iron ore

Metalloinvest and Tulachermet have signed a three-year contract for the supply of iron ore concentrate worth 6.80 billion roubles ($103.64 million), the former company said on Thursday May 12.

CIS pig iron market quiet, awaiting DMZ tender

The CIS export pig iron market has seen no trading activity over the past week, sources told Steel First.