July 2016

Metalloinvest Q2 iron ore product sales up 6%

Sales by Russia’s largest iron ore producer, Metalloinvest, went up by 5.60% year-on-year to 7.25 million tonnes in the second quarter of 2016, the company said on Friday July 29.

CIS pig iron market looking up amid firm scrap prices

The Black Sea pig iron market has inched up over the past week, as deals were done at slightly higher prices, sources told Steel First on Thursday July 28.

Russia’s IMH reports 7% pig iron output increase in H1

Industrial Metallurgical Holding (IMH) increased its pig iron production by 7% year-on-year in the first half of 2016, the company said on Monday July 25.

Global DRI output down 11% in Jan-Jun 2016, Worldsteel says

Global direct reduced iron (DRI) output fell by 11.38% year-on-year in the first half of 2016, according to statistics from the World Steel Assn (Worldsteel).

CIS pig iron prices moving sideways on limited activity

The Black Sea pig iron market has seen no significant changes over the past week, sources told Steel First on Thursday July 21.

Peruvian miner Ferrobamba signs deal to develop iron ore project

Peruvian junior miner Ferrobamba has signed a cooperation agreement with technology provider Tenova for the supply of equipment to develop its iron ore project in the country’s Aymaraes province.

HIGHLIGHTS: Iron ore price surge, China MES, new distributor interest groups form...

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

Brazilian pig iron export prices down on new offers, deal

Export prices for Brazilian pig iron fell this week on new trading activity.