Steel industry news headlines - South America.
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Steel News - South America

Steel industry headlines from Latin America


Iran Steel Output Tops 13m Tons
Fri, 22 Sep 2017 16:31:00 GMT
Chinas steel production hit 74.59 million tons in August, registering an 8.7% increase YOY. The giant steelmaker has been growing in output every month and has now topped its July growth by 3.6% points. Brazil, the United States, Germany, France ...
https%3a%2f%2ffinancialtribune.com%2farticles%2fdomestic-economy%2f72859%2firan-steel-output-tops-13m-tons&c=5718568940576087237&mkt=en-gb


Anglos plan to further expand vast iron ore mine in Brazil hits ...
Fri, 22 Sep 2017 12:16:00 GMT
underscoring how the group mistimed its entry into the iron ore sector. Main tailings pond at Minas Rio, with a capacity of 370 million cubic metres, is seven times larger than the Samarco's facility that broke in 2015. And while prices for the commodity ...
http%3a%2f%2fwww.mining.com%2fanglos-plans-to-further-expand-vast-iron-ore-mine-in-brazil-hits-roadblock%2f&c=3045395849524675297&mkt=en-gb


Shougang Hierro Per S.A.A.
Fri, 22 Sep 2017 11:52:00 GMT
Shougang Hierro Per S.A.A., a subsidiary of Chinese steel group Shougang Co., is Peru's only iron ore producer. The Lima-based company operates the Marcona mine in Ica region, which is undergoing a US$1bn expansion to produce 10Mt/y by 2016. Shougang is ...
https%3a%2f%2fwww.bnamericas.com%2fen%2fcompany-profile%2fminingandmetals%2fshougang-hierro-peru-saa-shougang-peru%2f&c=7853210295164533449&mkt=en-gb


Better Buy: Freeport-McMoRan Inc vs. Vale SA
Fri, 22 Sep 2017 05:49:00 GMT
That said, iron ore prices have been volatile of late ... But there's a dark cloud that continues to linger over Vale. It dates back to the 2015 Samarco mine disaster, in which a waste retention dam ruptured, flooding nearby towns with mine waste and ...
http%3a%2f%2fbillingsgazette.com%2fbusiness%2finvestment%2fmarkets-and-stocks%2fbetter-buy-freeport-mcmoran-inc-vs-vale-sa%2farticle_33d385fc-8c8c-506e-b1ed-20751f3e1fec.html&c=5895551148460619777&mkt=en-gb


U.S. Steel (NYSE:X) target price dropped to $20.00, released ...
Fri, 22 Sep 2017 05:06:00 GMT
and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.
http%3a%2f%2fbreakingfinancenews.com%2finvesting%2fu-s-steel-nysex-target-price-dropped-to-20-00-released-a-report-earlier-today-by-cowen%2f323991%2f&c=11885677506262690152&mkt=en-gb


U.S. Steel (NYSE:X) target price dropped to $20.00, released ...
Fri, 22 Sep 2017 05:06:00 GMT
and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.
http%3a%2f%2fbreakingfinancenews.com%2finvesting%2fu-s-steel-nysex-target-price-dropped-to-20-00-released-a-report-earlier-today-by-cowen%2f323991%2f&c=11885677506262690152&mkt=en-gb


Global Steel Output Surged 6.3% in August
Fri, 22 Sep 2017 01:42:00 GMT
The countrys crude steel production declined by 64% year-on-year to total around 20,000 tonnes. The output by Argentina reported 22% jump over the previous year. The other countries to report surge in production were Brazil, Ecuador and Brazil.
http%3a%2f%2fwww.scrapmonster.com%2fnews%2fglobal-steel-output-surged-63-in-august%2f1%2f65863&c=9740788443017713610&mkt=en-gb


China: Lift in steel production overstated in the official data ...
Thu, 21 Sep 2017 21:30:00 GMT
Despite the higher prices, exports from Australian and Brazil have flat-lined while the marginal players ... as well as a moderation in demand as Chinese growth slows and the steel inventory cycle matures. Our 2018 end points are US$57t for iron ore ...
https%3a%2f%2fwww.fxstreet.com%2fnews%2fchina-lift-in-steel-production-overstated-in-the-official-data-westpac-201709220420&c=7039005154194432875&mkt=en-gb


Steel Stocks Seeing Notable Weakness In Late-Day Trading
Thu, 21 Sep 2017 13:01:00 GMT
The index is on pace to end the session at its lowest closing level in nearly a month. Olympic Steel (ZEUS), US Steel (X) and Brazil's CSN (SID) are turning in some of the steel sector's worst performances on the day.
http%3a%2f%2fwww.morningstar.co.uk%2fuk%2fnews%2fAN_1506023043017105600%2fsteel-stocks-seeing-notable-weakness-in-late-day-trading.aspx&c=5227835945630104898&mkt=en-gb


South American steel output picks up
Thu, 21 Sep 2017 11:27:00 GMT
according to the World Steel Association (Worldsteel). Brazil, Latin America's ... BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. This news ...
https%3a%2f%2fwww.bnamericas.com%2fen%2fnews%2fminingandmetals%2fsouth-american-steel-output-picks-up&c=5439633811819128024&mkt=en-gb


United States Steel Corporation (NYSE:X) has been upgraded to ...
Thu, 21 Sep 2017 11:02:00 GMT
and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.
http%3a%2f%2fbreakingfinancenews.com%2finvesting%2funited-states-steel-corporation-nysex-has-been-upgraded-to-buy-in-a-statement-by-longbow-research-earlier-today%2f323346%2f&c=907357061466269791&mkt=en-gb


Iron ore's recent reversal likely the start of longer slide: ...
Wed, 20 Sep 2017 22:24:00 GMT
Steel rebar inventories display a more seasonal pattern ... with the Australian government forecaster expecting Brazils Vale, the worlds biggest iron ore miner, to increase its output to 400 million tonnes by next year, up from 360-380 million ...
http%3a%2f%2fwww.reuters.com%2farticle%2fus-column-russell-ironore-china%2firon-ores-recent-reversal-likely-the-start-of-longer-slide-russell-idUSKCN1BW0C4&c=5843272612621558882&mkt=en-gb


Tata Steel-Thyssenkrupp deal: Can two problems equal a solution
Wed, 20 Sep 2017 21:47:00 GMT
Recently, the company sold its steel business in Brazil. At some point, if Tata Steel gets an opportunity to do so, it may favour a higher stake in the JV and Thyssenkrupp may not be averse to it. A listing of the JV could be another option, where it ...
http%3a%2f%2fwww.livemint.com%2fMoney%2fxvbh4vUzAmR2olumrPuMvJ%2fTata-SteelThyssenKrupp-can-two-problems-equal-a-solution.html&c=18199036002496724585&mkt=en-gb


Tata Steel and ThyssenKrupp Agree to Create European Steel Giant
Wed, 20 Sep 2017 21:40:00 GMT
Both companies have been trying for years to find solutions for their struggling steel businesses. ThyssenKrupp has already unloaded units in the United States and Brazil that had helped plunge it into deep losses, ushering in a new management team led by ...
https%3a%2f%2fwww.nytimes.com%2f2017%2f09%2f20%2fbusiness%2fdealbook%2ftata-steel-thyssenkrupp.html%3fref%3dtodayspaper&c=5532081195627953821&mkt=en-gb


United States Steel Corporation X (NYSE:X) has been upgraded ...
Wed, 20 Sep 2017 19:00:00 GMT
and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.
http%3a%2f%2fbreakingfinancenews.com%2finvesting%2funited-states-steel-corporation-x-nysex-has-been-upgraded-from-neutral-to-buy-in-a-statement-by-longbow-earlier-today%2f322698%2f&c=11917626353232059253&mkt=en-gb


BHP CEO Mackenzie's pay soars to $US4.6m
Wed, 20 Sep 2017 15:18:00 GMT
That compares to $US2.2 million in the previous year, when Mr Mackenzie's was paid no short and long term incentives following the Samarco dam disaster in Brazil ... mainly due to weaker iron ore prices. Seven Group buys out Coates Hire for $517m Seven ...
http%3a%2f%2fwww.thebull.com.au%2farticles%2fa%2f69648-bhp-ceo-mackenzie's-pay-soars-to-%24us4.6m.html&c=1401930858501368109&mkt=en-gb


Brazil's Usiminas plans hike of 10.2% for flat goods
Wed, 20 Sep 2017 14:57:00 GMT
The readjustment occurs in response to the recent appreciation of steel in the international market and aims to balance the values practiced in Brazil and abroad, the steelmaker said. This new communication follows recent announcements of price hikes for ...
https%3a%2f%2fwww.platts.com%2flatest-news%2fmetals%2fsaopaulo%2fbrazils-usiminas-plans-hike-of-102-for-flat-goods-21013631&c=5869932025130127089&mkt=en-gb


Tata and ThyssenKrupp agree steel merger
Wed, 20 Sep 2017 11:43:00 GMT
As always in steel, timing is everything. Tata paid 6.7bn to buy Corus in 2007, beating off fierce competition from CSN of Brazil. That sum looks almost unbelievable now, given the subsequent crash in the steel price and the eye-watering losses Corus ran ...
http%3a%2f%2fwww.bbc.co.uk%2fnews%2fbusiness-41329552&c=10027199668218794429&mkt=en-gb


BHP Billiton holds CEO's base pay steady
Wed, 20 Sep 2017 08:58:00 GMT
That still marked a sharp jump on the US$2.24 million paid the year before, when the CEO didn't receive a short-term incentive following the fatal collapse of a dam at the Samarco iron-ore venture in Brazil. And while the company's overall financial ...
http%3a%2f%2fwww.marketwatch.com%2fstory%2fbhp-billiton-holds-ceos-base-pay-steady-2017-09-20&c=18332594102001180726&mkt=en-gb


Brazil's steel output up 9%
Wed, 20 Sep 2017 06:29:00 GMT
Brazilian crude steel production rose 9.3% year-on-year to 22.5Mt in the first eight months of 2017, according to local steel industry ... BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to ...
https%3a%2f%2fwww.bnamericas.com%2fen%2fnews%2fminingandmetals%2fbrazils-steel-output-up-9%2f&c=8693720767848221090&mkt=en-gb


Number of news reports: 20




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