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Latin America needs to reindustrialize, add value to steel ...
Fri, 10 Nov 2023 00:00:00 GMT
Latin American nations need to reindustrialize, boosting investments in manufacturing to add value to their steel and mineral products, speakers at the Latin America Steel Association Alacero congress urged Nov. 8. This could revert the deindustrialization process noted in countries including Brazil and Argentina, which since 1980 have shown a steep fall in the percentage of manufactured goods in their gross national product, participants in the congress in Sao Paulo said. Its not just

Vales iron ore output falls as operations failure hits key mine
Thu, 19 Oct 2023 00:00:00 GMT
Brazilian miner Vale SA reported on Tuesday a 3.9% year-on-year decline in its third-quarter iron ore output, hit by a production snag at a key mine. The firm produced 86.2 million metric tons of iron ore during the July-to-September period, according to a securities filing. The miners quarterly production was hit by a one-time failure of a conveyor belt system in August at its S11D mine complex in northern Brazil, the filing added. The failure caused lost production of around two million

Brazils Vale creates company to sell sand from iron ore tailings
Tue, 17 Oct 2023 00:00:00 GMT
Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters. The mining giant in recent years was involved in two tailings dam collapses in Brazil that left hundreds dead and caused serious environmental damage, leading it to search for ways to reduce its reliance on such structures. Named Agera, the new sand company

Fives to supply galvanizing line to Ternium
Wed, 23 Aug 2023 14:05:00 GMT
Ternium, a manufacturer of flat and long steel products, has selected Fives to design and supply a galvanizing line for its plant in Pesquera,

BHP posts record full-year iron ore output, flags rising costs
Fri, 21 Jul 2023 00:00:00 GMT
BHP Group on Thursday reported its highest ever annual iron ore production, helped by the continued ramp up at its South Flank operations in Western Australia but flagged it faces rising costs. The worlds largest listed miner said unit costs at its Western Australia iron ore operations and Chilean copper mine Escondida are expected to be towards the upper end of forecast ranges, but said capital and exploration spending would be below annual guidance, partly due to foreign exchange

Brazilian miner Vale grows iron ore output by 6%, sales flat
Wed, 19 Jul 2023 00:00:00 GMT
Brazilian miner Vale posted 6.3%growth in second-quarter iron ore production, compared to the same period last year, the company announced in a securities filing on Tuesday. Vale said it mined 78.7 million metric tons of the key steel-making mineral during the April-to-June period. Compared with iron ore production during the first quarter, output was up nearly 18%. Second quarter sales, however, were mostly flat from the year-ago period at 63.3 million tons. The gap between production and

Brazil well-positioned as green hydrogen exporter to EU steel: ...
Mon, 26 Jun 2023 00:00:00 GMT
Green hydrogen produced in Brazil may in the future be exported competitively to the EU and US to make low-carbon steel in decarbonized installations, according to speakers at the Hydrogen Expo event in Rio de Janeiro. From 2030 onwards, the cost of producing green hydrogen in Brazil is expected to fall significantly from new projects startup levels. In addition, by 2026 the EUs Carbon Border Adjustment Mechanism should be fully in place, potentially making Brazilian steel exports to the

Wuppermann introduces low-CO2 product line WTopCarb
Fri, 23 Jun 2023 00:00:00 GMT
Steel processor Wuppermann announces the launch of galvanized hot-rolled strip products with a significantly lower CO2 footprint under the name WTopCarb. The name stands for a physical reduction of the CO2 footprint to a value of less than one tonne of CO2-equvalent per tonne of galvanized hot-rolled strip, Wuppermann says. WTopCarb causes significantly less

Carbon-neutral green steel price premiums likely to be linked ...
Sat, 03 Jun 2023 00:00:00 GMT
Green steel price premiums are likely to be linked to carbon market prices, participants in a webinar on prospects for the green steel market organized by the Brazilian Association of Metallurgy, Materials and Mining (ABM) said May 31. Price premiums paid in the future for green steel products should help finance steelworks installations of new technologies to be able to produce that carbon-neutral green steel. However, government financing or subsidies for instance to help cover the

German mills decrease HRC offers, Italian prices slide
Thu, 01 Jun 2023 00:00:00 GMT
German steelmakers have returned to the market, with lower hot-rolled coil offered May 31 while Italian mills have also been accepting a price decline. German steelmakers have been offering HRC at Eur740-750/mt delivered, the equivalent of Eur720-740/mt ex-works Ruhr, according to the estimations of market sources. The steelmakers have been offering August-September delivery coil,

Low-priced HRC imports hit European market: Kallanish conference
Thu, 18 May 2023 00:00:00 GMT
Europes steel market is under pressure from low-priced imports that come in a period of low demand and order activity. At theKallanishEuropean Steel Markets conference in Amsterdam this week, observers said it is unlikely the market will normalise until after summer. According to Cesare Vigano, managing director of ArcelorMittal fabricator subsidiary CSN, recent local

Vales first-quarter iron ore output grows 5.8%
Thu, 20 Apr 2023 00:00:00 GMT
Brazilian miner Vale SA reported on Tuesday a 5.8% year-on-year increase in first-quarter iron ore production, boosted by its key S11D project. The company produced 66.77 million tonnes of iron ore during the first three months of 2023, it said in a securities filing. Comparing with the previous quarter, iron ore output fell 17.4%. Vale said the yearly growth was driven by a stronger operational performance at its S11D mine in northern Brazil and lower rainfall in the state of Minas Gerais.

Number of South American industry news reports: 12
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