February 2017

STEEL WEEK IN BRIEF: Iron ore, billet prices surge; coking coal tumbles, slab prices down...

Metal Bulletin reviews some of the key news and price moves from the past week in the global steel market.

Usiminas 'confident' about talks with Sumitomo on use of iron ore jv capital

Brazilian steelmaker Usiminas continues to negotiate with Sumitomo, its partner in Mineração Usiminas, for the use of part of the capital in the mining subsidiary to improve its liquidity conditions and to facilitate an agreement with its debt holders.

ISD plate, slab mill in Ukraine idled due to railway blockade

Ukraine’s Industrial Union of Donbass (ISD) has suspended production at its plate and slab mill, as well as its coking coal plant, due to a blockade on the regional railway, the company said on Thursday February 16.

Earnings at Brazil's Usiminas reach $76m in Q4 2016

Brazilian steelmaker Usiminas had adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of 234.12 million Reais ($76.42 million) in the fourth quarter of 2016, it said on Friday February 16.

IRON ORE PRICES: Benchmark index edges up as futures rebound

Iron ore prices edged up on Friday February 17 after China's steel futures market made a recovery, though international derivatives for the steelmaking raw materials traded in a tight range.

Futures, steel gains spark buying in iron ore market

Strengthening futures and steel prices prompted more buying of physical iron ore on Friday February 17.

China’s run-of-mine iron ore output down 3% in 2016

China’s domestic iron ore output continued to shrink in 2016 as the world’s biggest consumer of the steelmaking raw material relied on imported materials.

China AM: Steel futures up after volatile Thursday

China’s steel futures picked up while raw materials contracts were rangebound during morning trading on Friday February 17 after experiencing big swings a day earlier.

Railway blockade has no effect on Ukraine’s steel export sales, sources say

Exports of steel products from Ukraine have not been affected by the reduced availability of raw materials created by the blockade of a railroad in the east of the country, sources said on Thursday February 16.

Atlas Iron gets go-ahead for Corunna Downs iron ore project, aims for 12m tpy by Q2 2018

Junior miner Atlas Iron has won the approval of its lenders to begin operations at the Corunna Downs iron ore project in Western Australia.