Algeria - ArcelorMittal continues talks to increase Algerian capacity
Last Update 02/05/2013 10:31:25
Algerian mill ArcelorMittal Annaba confirmed on Thursday that it is still in talks with the local government to boost capacity at the site, and stressed that a final agreement should be reached in the coming weeks. ArcelorMittal announced the intention to boost capacity back in 2011. [..More]
World - World Steel sees iron ore surplus growing up to 2017
Last Update 25/04/2013 09:14:02
The World Steel Association expects the global iron ore market to be roughly in balance between supply and demand this year, but to move progressively into a growing surplus during 2014-2017. [..More]
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Last Update 21/04/2013 07:45:50
Donelectrostal plans to invest 2.4 billion roubles ($78 million) to build a new 0.5 million metric tons/year electric arc furnace-based steel plant in south Russia’s Rostov region, an official in the local administration confirmed to Platts on Monday. [..More]
Turkey - Turkish billet and slab output down in Jan-Feb
Last Update 11/04/2013 10:54:03
The declining trend in Turkish crude steel production, begun in December 2012, continued in January-February. Billet output was down 10.9% year-on-year to 4.1 million metric tons, while slab output was down 4.5% to 1.5 million mt in this period, according to the Turkish Iron and Steel Producers’ Association (DCUD). [..More]
Russia - Russia's Severstal to expand CR product capacities
Last Update 10/04/2013 13:16:35
Russia’s Cherepovets Steel Mill (CherMK) plans to reconstruct four-stand CR mill 1700 to improve quality of the products and expand capacity by 200,000 tpy to 1.3 mtpy. [..More]
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Last Update 08/04/2013 12:42:52
ArcelorMittal expects the growth of steel consumption in the Commonwealth of Independent States to remain strong until 2018, with an average increase of 4.2% per annum, according to a recent presentation given by Gonzalo Urquijo, member of the group’s board. [..More]
Russia - Russia's Severstal to expand CR product capacities
Last Update 04/04/2013 12:16:44
Russia’s Cherepovets Steel Mill (CherMK) plans to reconstruct four-stand CR mill 1700 to improve quality of the products and expand capacity by 200,000 tpy to 1.3 mtpy. The required funds have been allocated and project documentation is being prepared now. [..More]
Saudi Arabia - Rajhi Steel mulls new billet plant
Last Update 14/03/2013 10:07:57
Saudi Arabian steelmaker Rajhi Steel is mulling the installation of a new billet plant to reduce the need for imports of the semi-product which currently amount to around 1 million metric tons/year, according to company marketing director Faisal Bin Edan. Rajhi’s billet capacity is 850,000 mt/y, while long product rolling capacity is 1.8 million mt/y. [..More]
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Last Update 13/03/2013 10:12:23
Qatar Steel has signed an agreement to supply up to 600,000 metric tons/year of direct reduced iron to Saudi Arabian steelmaker Solb Steel, in which it owns a 31.04% stake. The launch of the Saudi rebar steelworks last year in Jazan Economic City has boosted Qatar Steel’s position in its main export market, according to Abdulrahman Al-Shaibi, chief coordinator of parent company Industries Qatar (IQ). [..More]
Russia - New capacity seen capping Russia rebar price
Last Update 11/03/2013 08:50:07
Russia’s Severstal is now aiming to commission its new 1 million metric tons/year long product mini-mill in Balakovo, central Russia's Saratov region, in September-October 2013, according to three industry sources familiar with the matter. [..More]
Qatar - Qatar Steel to decommission EAFs in 2015, ups sales in 2012
Last Update 05/03/2013 09:20:47
Qatar Steel will decommission its oldest electric arc furnaces, Nos. 1 and 2, in 2015. The units have a combined melting capacity of 600,000 metric tons/year. The firm had initially planned to take them off stream once its new QAR 1.2 billion ($329.6 milion), 1.1 million mt/y EAF No. 5 is launched in the second quarter this year. [..More]
Algeria - Algerian rebar import market sees new trade barriers
Last Update 04/03/2013 08:37:01
The Algerian government at the beginning of February imposed new tax barriers affecting the import of rebar and other steel products from the 17 countries which are part of the great arab free trade agreement (GAFTA), Platts learned from sources in the market. [..More]
Qatar - Qatar Steel secures power supply for new meltshop
Last Update 28/02/2013 10:47:05
Qatar Steel has signed a $138 million ($38 million) deal with Siemens that will see the German engineering company build a new high-voltage electricity substation to meet the increased power requirements of the steelmaker’s expanded Mesaieed works, south of Doha. [..More]
Ukraine - Ukraine reduced exports and imports in 2012, usage fell 12%
Last Update 27/02/2013 09:29:38
Ukraine decreased steel exports, imports and its own consumption last year, but the country’s imports fell less markedly than consumption and exports, Platts learnt from Kiev-based analyst UkrPromZovnishEkspertiza.
Last year, Ukraine exported 22.44 million metric tons of steel products or 78% of its 28.9 million mt output. The exports decreased by almost 7% from 24.1 million mt in 2011. [..More]
Turkey - Turkish steel exports down 5.5% on-month in January
Last Update 25/02/2013 09:30:33
Turkish steel exports increased 1.5% year-on-year in January to 1.57 million metric tons; however, this was down 5.5% on December, according to Turkish Steel Exporters' Association (CIB) data obtained by Platts. [..More]
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