November 2017

CIS PIG IRON: Market improves on better demand, higher scrap costs

The export market for CIS-origin pig iron is gradually improving because of solid demand and rising scrap prices, Metal Bulletin has been told.

Higher European iron ore pellet premiums boon to Cleveland-Cliffs: CEO

As European Union iron ore pellet premiums rise, Cleveland-Cliffs stands to benefit in its long-term contracts pricing, chief executive officer Lourenco Goncalves said at an investor presentation in New York on Wednesday November 29.

FOCUS: Iran to boost iron ore, HBI, DRI capacities to feed steelmaking expansion

Iran is working hard to expand its capacities for iron ore processing and the production of direct-reduced iron (DRI) and hot-briquetted iron (HBI) as it massively expands its steel production.

Brazilian pig iron export prices stable on positive market sentiment

Brazilian pig iron export prices were unchanged late last week, although market participants expect to see some short-term increases soon.

Russia’s Metalloinvest aims to increase HBI exports

Russia’s biggest iron ore producer, Metalloinvest, plans to increase exports of hot briquetted iron (HBI) frrom its Lebedinsky GOK (LGOK) facility in the run-up to the end of the year.

STEEL WEEK IN BRIEF: Winter cuts hit Asian prices, iron ore rally, Iran slab market, Brazilian royalties...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

CIS PIG IRON: Trading activity improves as price expectations converge

Trading activity in the CIS pig iron export market improved this week as mill offers moved closer to what buyers considered a ‘workable’ price.

Russia’s IMH’s pig iron shipments will be unaffected by Tula-Steel start

Russia’s Industrial Metallurgical Holding (IMH) will not reduce its pig iron shipments once Tula-Steel, a new steelmaking mill, starts operating at the beginning of 2018.

Kardemir raises domestic long steel, pig iron prices

Kardemir, Turkey’s largest integrated long steel producer, increased its domestic long steel and pig iron sales prices on Thursday November 23.

Russia’s IMH aims to up pig iron sales to US in wake of protectionist trade measures

Russia’s Industrial Metallurgical Holding (IMH) is aiming to increase pig iron shipments to the United States, where protectionist trade defence measures have led to an increase in domestic steelmaking.