Steel News - South America

Brazil steelmakers shut down blast furnaces as coronavirus hurts ...
Sat, 04 Apr 2020 00:17:00 GMT
Brazil steelmaker Gerdau on Friday announced several production cuts, including temporarily shutting down one of its blast furnaces, following in the footsteps of its domestic competitors as the


Global Demand Woes Laid Bare as China Struggles to Export Steel
Tue, 31 Mar 2020 00:51:00 GMT
Although its steel exports have dropped since swamping the world with excess supply in 2015, they remain substantial. Last years 64 million tons top annual output in Gemany, Brazil or


Brazils Vale to halt work at Malaysia terminal, to hurt Q1 iron ...
Tue, 24 Mar 2020 00:00:00 GMT
Brazilian miner Vale SA said on Monday that it would suspend operations at its Teluk Rubiah distribution terminal in Malaysia, which is expected to reduce sales in the first quarter by roughly 500,000 tonnes of iron ore. The operations will be suspended from Tuesday through March 31 because the company cannot guarantee minimum resources to safely operate there, Vale said in a securities filing. The miner said it does not expect the decision to affect full-year 2020 production and sales.


BHP retains title of Worlds Most Valuable Mining Brand
Thu, 12 Mar 2020 11:22:00 GMT
BHP has had a turbulent year, from negotiating a US$5 billion lawsuit, following the devasting Samarco dam disaster in Brazil in 2015 ... The future of BHP looks bright, however, as iron ore prices -


Latin America steel consumption falls 5% in 2019
Wed, 11 Mar 2020 12:37:00 GMT
According to Professor Germano Mendes de Paula Alacero studies coordinator, professor of economics at the Federal University of Uberlndia (Minas Gerais, Brazil) and an expert in the steel industry


Vale halts Brazilian iron ore mine, licenced resources depleted
Fri, 06 Mar 2020 00:00:00 GMT
Brazilian miner Vale has decided to stop production at its Fazendao iron ore mine in the state of Minas Gerais, after depletion of resources in the licensed area as it seeks to continue mining at the site. Operations at Fazendao mine in Catas Altas were interrupted on February 28, the company said. Vale will seek to expand into new areas of the mine yet to be licensed, and reassign mine employees based on operating demands, the miner said in an emailed statement. The Fazendao mine is part


Brazil steelmaker CSN says it has yet to see impact from coronavirus
Thu, 05 Mar 2020 16:07:00 GMT
Brazil steelmaker Companhia Siderrgica Nacional said on Thursday that it has not been impacted by a new coronavirus outbreak, and that Asian clients are still buying its iron ore. CSN executives


India Exports 218KT Steel to Vietnam in January
Wed, 26 Feb 2020 21:32:00 GMT
According to the General Department of Customs, Vietnam imported a total 944,865 tonnes of steel in January, a YoY drop of 18 percent. The strongest falls were from Russia down 97 percent, Brazil


Chinese steel mills may cut production due to oversupply: Paul ...
Wed, 19 Feb 2020 16:21:00 GMT
Brazil also has some heavy rains as well. That has impacted supply and that is one of the reasons iron ore prices seem very high at the moment. It is just under $90 a ton and considering what is going


BHP's (BHP) CEO Mike Henry on Half Year 2020 Earnings Call Session ...
Tue, 18 Feb 2020 23:44:00 GMT
At Samarco, resettlement remains a priority of the Renova Foundation ... The EBITDA waterfall shows the benefit of higher prices driven by iron ore. In addition, with IFRS 16, operating leases are now


Usiminas Reports 2% Dip in Steel Shipments in 2019
Mon, 17 Feb 2020 00:38:00 GMT
Brazilian integrated steelmaker Usiminas announced performance results for 2019. Its crude steel output in 219 increased 6% YoY to 3.26 million tonnes, finished steel production fell 4% YoY to


Brazil steelmaker Usiminas' profits slide, hitting shares
Fri, 14 Feb 2020 16:19:00 GMT
Brazilian steelmaker Usiminas SA on Friday posted a one-third drop in quarterly net profit driven by higher costs and poor results in its steel business unit, sending its shares down nearly 5%. In a


Libra Mero consortium lets first contract for steel tube umbilicals ...
Wed, 12 Feb 2020 10:29:00 GMT
A consortium led by Petroleo Brasileiro SA (Petrobras) has let a contract to Prysmian Group for steel tube umbilicals to be installed in Mero oil field offshore Brazil in the northwestern Libra area


Argentina welcomes US decision not to impose steel tariffs
Mon, 27 Jan 2020 16:02:00 GMT
Argentina has welcomed the US decision not to impose tariffs on the South American country's steel and aluminum which President Donald Trump had threatened in December. The list of countries that


Trump Widens Steel, Aluminum Security Tariffs
Sat, 25 Jan 2020 07:40:00 GMT
A number of major producers earned a reprieve from the abrupt tariff expansion. Argentina, Australia, Canada and Mexico were exempted from both the aluminum and steel duties, while Brazil and South


RPT-COLUMN-China virus outbreak a further risk to iron ore, steel ...
Thu, 23 Jan 2020 05:09:00 GMT
Both iron ore and steel enjoyed a robust 2019. Iron ore prices reached a five-year high after supply was reduced in the first half because of mine closures in Brazil in the wake of a fatal dam


BHP flags slow down in coal production in Oz due to fires
Wed, 22 Jan 2020 03:07:00 GMT
BHP said approval of the corrective Operating Licence for Samarcos operating activities at its Germano Complex was received ... It said natural gas production also fell 8 percent while iron ore


Why Mike Henry is about to hit the accelerator at BHP
Mon, 20 Jan 2020 17:02:00 GMT
And two years prior, BHP was rocked by the tragic dam collapse at its Samarco iron ore mine in Brazil. But this year, BHPs quarterly report for December which doubles as an early look at the


CSN seeks new deal to iron out maturities
Mon, 20 Jan 2020 05:51:00 GMT
Brazilian steel producer Companhia Siderrgica Nacional (CSN) will continue its focus on addressing short-term debt maturities with a proposed benchmark that it wants to use to fund a tender for bonds


Brazilian Steel Sees 2020 As Turning Point For Demand
Mon, 30 Dec 2019 10:55:00 GMT
A possible positive surprise could come from higher production volumes in the auto industry. The construction industry responsible for 34% of steel consumption in Brazil was hit by a strong


This Morning in Metals: Trump backs off from steel, aluminum ...
Mon, 23 Dec 2019 03:37:00 GMT
After President Trump met with Brazilian President Jair Bolsonaro last Friday, Trump agreed not to follow through on a previous threat to impose steel and aluminum tariffs on Brazilian exports, the


Brazil's Bolsonaro says Trump won't pursue steel, aluminum tariffs
Sun, 22 Dec 2019 08:21:00 GMT
Brazilian President Jair Bolsonaro has said that President Trump won't pursue steel and aluminum tariffs on Brazil after


U.S. won't levy threatened tariffs on Brazil steel, says Bolsonaro
Fri, 20 Dec 2019 13:00:34 GMT
Brazil's President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not levy additional tariffs on Brazilian steel and


U.S. says no decision on Brazil, Argentina metal tariffs
Wed, 11 Dec 2019 01:50:00 GMT
A senior White House official said on Tuesday that the Trump administration hasn't made a decision about reimposing tariffs on steel and aluminum imported from Brazil and Argentina. American economy


U.S. Steel Tariffs on Argentina, Brazil Arent Settled, Says Trump ...
Tue, 10 Dec 2019 10:29:00 GMT
A top White House adviser cast doubt on President Trumps statements last week that he intended to immediately place steel and aluminum tariffs on Argentina and


Number of news reports: 25