Steel industry news from South America.

Benteler to retain US steel tube plant, cancels sale to Tenaris
Tue, 07 Feb 2023 00:00:00 GMT
Benteler Group will not pursue the previously announced sale of its Shreveport, Louisiana, seamless steel tube plant to Tenaris, the company said Feb. 6, citing a renewed strengthening of demand in the oil and gas markets that the facility supplies. Following the successful ramp-up of the Benteler steel tube plant in Shreveport, the site


Benteler terminates the previously-announced sale to Tenaris ...
Sun, 05 Feb 2023 13:20:00 GMT
LUXEMBOURG , Feb. 05, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that Benteler North America Corporation has exercised its right to unilaterally terminate, effective immediately, the previously-announced agreement for the sale to Tenaris of


Recognition of a lifetime in the metals business at Target Steel
Mon, 30 Jan 2023 16:00:00 GMT
Valentino Simone started Target Steel in 1988. In this interview, he looks back on his career in metals distribution.


Ukraine: rolled metal prices to grow in early 2023
Wed, 14 Dec 2022 10:28:45 GMT
In 2022, ferrous rolled metal in Ukraine increased in price by 21-28% YoY. According to Sergey Kovalenko, director of the National network of metal centers Vartis, the increase was due to the Russian invasion and inflation rate growth. The war has also affected demand and manufacturing capacities. In the second half of February 2023


Gerdau improves sustainability in the scrap supply chain
Fri, 02 Dec 2022 14:57:46 GMT
The post Gerdau improves sustainability in the scrap supply chain appeared first on World Steel Association.org.


Alacero points to shrinking steel sector outlook, driven by global ...
Mon, 21 Nov 2022 00:00:00 GMT
Data from Alacero, the Latin American Steel Association, shows that the growth outlook for the sector in Latin America for late 2022 and early 2023 is moderate, given the context of global inflation and contractionary monetary policy, with banks in Latin America and the United States tightening their monetary policies. The forecast is driven by lower external demand, weakened by high interest rates and falling purchasing power. The world is going through an unprecedented inflationary


EU HRC market demand remains weak, prices stabilize
Fri, 11 Nov 2022 00:00:00 GMT
Domestic prices for hot-rolled coil in the European market remained unchanged Nov. 10 as trading activity remained muted. Platts assessed hot-rolled coil in northwest Europe stable on the day at Eur640/mt ex-works Ruhr. A service center source reported deals and offers at the equivalent of Eur630-640/mt ex-works northern Europe. A German distributor reported deals


Tenaris forecasts higher Q4 shipments on pipeline projects
Mon, 07 Nov 2022 00:00:00 GMT
European seamless steel tube producer Tenaris expects higher shipments in the fourth quarter, driven by pipeline projects and additional pricing gains that will also increase sales. Overall, the company was advancing pipeline activity to support oil and gas developments, mainly in Argentina and the Middle East, Tenaris said in its Q3 earnings report. Drilling


Enel Green Power and Fortescue Future Industries team up to pursue ...
Thu, 03 Nov 2022 00:00:00 GMT
Australian renewable green energy developer Fortescue Future Industries (FFI) and Enels global renewables arm Enel Green Power S.p.A. (EGP), announced today they will partner together to explore co-development of the green hydrogen value chain with an initial focus on Latin America and


Vale CEO says iron ore miner will spin-off copper, nickel unit
Sun, 23 Oct 2022 00:00:00 GMT
The chief executive of Vale SA said the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing. The Brazilian miner had a longstanding plan to sell the unit that was still being considered as recently as 2021. But rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business as the two have different growth prospects, Eduardo Bartolomeo said


Vale, Saarland mills team up for decarbonisation
Mon, 10 Oct 2022 00:00:00 GMT
Vale and the two mills in Germanys Saarland state will together explore solutions on carbon-neutral steelmaking processes, Kallanish hears from the Brazilian mining group. To this effect, Vale has signed a memorandum of understanding with Stahl-Holding-Saar (SHS) GmbH & Co, the holding of platemaker Dillinger and special bar qualities mill Saarstahl. The partners intend


Tenaris to host 2022 Investor Presentation at NYSE
Tue, 06 Sep 2022 11:00:00 GMT
Tenaris will host its Investor Presentation at the New York Stock Exchange on Friday, September 30, 2022 while celebrating 20 years listed at NYSE. The event will focus on Tenariss forward-looking strategy and growth initiatives. It will include a presentation by Paolo Rocca , Tenaris Chairman



Number of South American industry news reports: 12
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