Steel industry news from South America.

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


Polish steel rebar producers increase prices on high costs
Mon, 29 Aug 2022 00:00:00 GMT
Polish producers of steel rebar increased their prices in the week to Friday August 26 to account for rising costs, with buyers seen to be partially accepting the rise, market sources told Fastmarkets.An offer from local mill CMC Zawiercie was reported at 4,100 zloty ($860) per tonne delivered (equivalent to about 4,050-4,070 zloty per


Tenaris acquires Benteler, OCTG buyers fret
Mon, 11 Jul 2022 00:00:00 GMT
Benteler North America Corporation and Tenaris SA have entered into a contract for the acquisition of Bentelers Shreveport, Louisiana, OCTG manufacturing facility, at a price of $460 million. The closing is expected in the fourth quarter. The deal includes $52m in working capital and is debt and cash-free, Kallanish reports. The Benteler Steel &


UK begins review of trade barriers to steel coils, bars from ...
Mon, 27 Jun 2022 00:00:00 GMT
The UKs Trade Remedies Authority has begun reviews of existing antidumping and anti-subsidy measures on two steel products and an investigation on whether to suspend antidumping measures for Ukraine. The TRA said it initiated on June 24 a transition review into antidumping measures on hot rolled flat and coiled steel from Russia, Ukraine, Brazil


Italian court dismisses case against Tenaris's Chairman and Chief ...
Thu, 26 May 2022 17:35:00 GMT
LUXEMBOURG , May 26, 2022 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) was advised today that the Milan court of first instance overseeing an investigation in Italy into allegedly improper payments made in Brazil prior to 2014 for the supposed benefit of


Vale divestment plan for steelmaker CSP, bauxite miner MRN ongoing
Sat, 30 Apr 2022 00:00:00 GMT
Brazilian miner Vale is continuing with the process of divestment of two non-core assets: steelmaker Companhia Siderurgica do Pecem and bauxite miner Mineracao Rio do Norte, a company executive said April 28. Weve done a lot to clean up most of the non-core assets out of our portfolio and we just have two candidates left: CSP and MRN, Gustavo Pimenta, executive vice-president of finances, told analysts on a Q1 results webcast. Both processes are ongoing, he said. Those would be the


Vale and Nippon Steel sign MOU to develop decarbonization technologies ...
Wed, 27 Apr 2022 00:00:00 GMT
Brazilian miner Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding to pursue ironmaking solutions focused on carbon-neutral steelmaking processes, the two companies said in separate statements April 26. Based on this MOU, Nippon Steel and Vale will jointly study and explore the utilization of raw materials which contribute to direct


Sidenor buys scrap supplier Aguilar Metal Recycling
Wed, 27 Apr 2022 00:00:00 GMT
Spanish special steelmaker Sidenor has acquired Aguilar Metal Recycling (AMR), a Valencian company specialising in industrial xxx The deal will ensure Sidenors supply of quality raw materials and boost its technological and industrial capacity in metal waste treatment. This acquisition contributes to the consolidation of the sector, in which the supply security of a


Brazils Vale reports decrease in Q1 iron ore output
Thu, 21 Apr 2022 00:00:00 GMT
Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production. The companys iron ore output was 63.9 million tonnes in the period, down 22.5% from the final quarter of 2021. Production was lower also due to major maintenance services, which should be positive for the rest of the year, allowing Vale to maintain its annual guidance of 320-335 million tonnes of iron ore. The


Chinas import losses to limit iron ore prices rise in Q2
Mon, 11 Apr 2022 10:00:00 GMT
In Q1 iron ore supply weakened in Brazil due to monsoon season, and after Russia's invasion of Ukraine


Brazil flat steel distributors' shipments fall 3.7% on year to ...
Wed, 23 Mar 2022 00:00:00 GMT
Shipments by Brazilian independent flat steel distributors and service centers fell 3.7% on the year to 312,300 mt in February, according to data released March 22 by the national flat products distributors association Inda. Shipments remained fairly stable during the month from 298,500 mt in January Purchases from associated distributors fell 8.7% on the


Brazilian steelmakers to hike April prices up to 20% for flats ...
Thu, 17 Mar 2022 00:00:00 GMT
Brazil steelmakers are moving to recover lost margins after a rapid rise in the price of raw materials and semi-finished steel seen since Russias invasion of Ukraine. According to several sources, mills are pushing a price increase of up to 20% on domestic orders for April, in both flats and long products. The increases



Number of South American industry news reports: 12
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