Steel industry news from South America.

Glencore - Press Release
Tue, 12 Oct 2021 09:05:44 GMT
Proposed sale of Glencore's Bolivian zinc assets


Brazils Vale launches self-driving trucks at its largest iron ...
Sat, 04 Sep 2021 00:00:00 GMT
Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology. Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program. The miners six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide


Steel consumption in Latin America is already 16% higher than ...
Wed, 01 Sep 2021 00:00:00 GMT
The growth of consumption, production and employment in the steel chain in Latin America is consolidated.


Brazils Cosan to make iron-ore mining debut
Wed, 25 Aug 2021 00:00:00 GMT
Brazilian energy group Cosan SA has decided to enter the mining segment in a joint venture with Aura Minerals controlling shareholder to explore and transport iron ore, it said in a securities filing on Monday. Cosan said it and a unit of Paulo Brito Group, founder and controlling shareholder of Aura, will co-control the new company, which will be headed by former Vale SA and CSN SA executive Juarez Saliba de Avelar. The move by Cosan comes as iron ore prices reached a record high in the


Ternium (TX) Signs MoU With Vale for Steelmaking Solutions
Mon, 23 Aug 2021 00:00:00 GMT
Ternium (TX) and Vale plan to develop economic feasibility studies of potential investments in an iron ore briquetting plant in the Brazil


Argentine Court acquits Tenaris's CEO and Chairman in the Notebooks ...
Tue, 17 Aug 2021 16:40:00 GMT
LUXEMBOURG , Aug. 17, 2021 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and MTA Italy: TEN) has been informed that the first-instance judge in charge of the Notebooks Case acquitted Tenariss Chairman and CEO Paolo Rocca of all charges brought against him in the


Vale confident on 2021 iron ore guidance, though recovery still ...
Mon, 02 Aug 2021 00:00:00 GMT
Executives at Brazilian iron ore miner Vale said July 29 they were confident the company will reach its 2021 iron ore production guidance as it will be aided in H2 by seasonal factors and mine capacity advances. Still, the company is currently operating at the lower range of the 315 million mt-335 million mt guidance, executive vice president, ferrous minerals, Marcello Spinelli said during a Q2 results call with investors. Iron ore fines production reached 75.7 million mt in Q2, which was


Brazils Vale revises down year-end iron ore output
Sat, 31 Jul 2021 00:00:00 GMT
Vale SA flagged potential production setbacks amid temporary issues at multiple iron ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year. In a presentation released on Thursday morning, the worlds second largest iron ore producer revised down its guidance for year-end production capacity to 343 million tonnes per annum from 350 million tonnes previously. Among the issues holding back production, Vale said, are licensing


Vale (VALE) Q2 Earnings Beat, Rise Y/Y on High Iron Prices
Fri, 30 Jul 2021 00:00:00 GMT
Vale (VALE) reports stellar second-quarter 2021 earnings on higher iron ore sales volumes and prices. It maintains its iron-ore production guidance of 315-335 million tons for


Brazil steelmaker CSN posts $1 bln profit on higher prices
Thu, 29 Jul 2021 00:00:00 GMT
Brazilian steelmaker Companhia Siderurgica Nacional CSNA3.SA posted a net income of 5.5 billion reais ($1.06 billion) in the second quarter, significantly higher than a year ago driven by higher iron ore prices, the company said. CSN said steel and iron ore sales by tonne grew by 28% and 18% respectively compared to a year ago. Still, the higher prices led profits to rise by over 1,000% in the same period. Source: Reuters - (Reporting by Marcelo Rochabrun; Editing by Sandra


Latam steelmakers push for firm decarbonization agenda after ...
Mon, 26 Jul 2021 00:00:00 GMT
Latin American steel producers are evaluating decarbonization strategies to embark on a more declaratory sustainable agenda after decades of just making plans, the new executive director for the regional steel association, Alacero, said. Greater use of ferrous scrap, biomass and renewable sources are key for the regional steel decarbonization push. But clear and specific regulations and support from governments are just as important, Alejandro Wagner told S&P Global Platts in an


South African steel market demonstrates resilience
Wed, 07 Jul 2021 00:00:00 GMT
Despite several headwinds, the South African steel market has shown remarkable resilience during these challenging times. Order backlogs are still prevalent for most steel products, but they have significantly reduced over the past quarter. Steel prices were rolled over from June into July. This gives buyers a temporary reprieve and allows them to refocus on managing their stock levels. The signing of the Steel Master Plan 1.0 on June 11 signalled a united front by steel stakeholders to



Number of South American industry news reports: 12
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