May 2019

US PIG IRON: Prices fall as weak HRC market reduces demand

The workable price for pig iron in the United States fell in the week to Friday May 31, mainly due to reduced demand for hot-rolled coil, sources told Fastmarkets.

CIS PIG IRON: Market still uncertain on opposing moods among buyers, sellers

The market for pig iron exports from the Commonwealth of Independent States (CIS) remained uncertain in the week ended Thursday May 30, with sellers optimistic because of higher prices for steel scrap, while buyers remained pessimistic, citing weak prices for finished steel products.

Lower sales prices drag Metinvest’s Q1 revenues downward

Revenues at Ukrainian steelmaker Metinvest were down in January-March 2019 mainly due to lower sales prices in the metallurgical sector, the company said on Friday May 24.

Southern Brazil pig iron exporters sell out for July, raise offer prices

Pig iron exporters in the south of Brazil have sold out their available tonnages for July and have increased their offer prices, Fastmarkets heard on Friday May 24.

Dillinger, Saarstahl subsidiary to invest $16mln in hydrogen gas technology to reduce carbon reliance

Rogesa, a joint subsidiary of German steelmakers Dillinger and Saarstahl, will invest €14 million ($15.62 million) to make use of hydrogen-rich coke gas in its blast furnaces to gradually reduce its reliance on coking coal, the company said on Friday May 24.

CIS PIG IRON: Market sentiment improves on scrap price hike

The export pig iron market in the Commonwealth of Independent States (CIS) has benefited from the rapid rise in the price of ferrous scrap - the rival raw material for steelmaking - sources told Fastmarkets this week.

US PIG IRON: Deal prices stable on scrap market bottoming, rising iron ore costs

The pig iron market in the United States was stable this week, with the scrap market said to be around the bottom while the cost of iron ore continued to increase, Fastmarkets heard on Friday May 17.

Export pig iron prices from southern Brazil down on reduced sales

Pig iron export prices from the south of Brazil have gone down slightly this week on lower sales to Asia, Fastmarkets heard on Friday May 17.

CIS PIG IRON: Market flat on stable sales prices

The market for pig iron exports from the Commonwealth of Independent States (CIS) was stable during the week ended Thursday May 16, with several sales to the United States at prices equal to those heard at the start of the month.

ArcelorMittal stops blast furnace operation in Brazil's Divinópolis

ArcelorMittal has discontinued operations at a blast furnace in the city of Divinópolis, in Brazil’s south-eastern state of Minas Gerais, which produced pig iron.