Steel News - South America

Subdued demand may choke rebound in steel production in India ...
Thu, 14 Mar 2019 22:19:00 GMT
The rebound this time is aided by a disruption in iron ore production in Brazil and a subsequent rise in steel prices. The price rise appears to have prompted restocking by customers. However


Stories for November 2015
Wed, 13 Mar 2019 20:41:00 GMT
Brazil's federal and state governments plan to sue the owners of the Samarco iron ore-miner for 20 billion Reais ($7.2 billion) in damages caused by the burst of a tailings dam, Environment


China's iron ore futures gain for 2nd day on steel demand recovery
Tue, 12 Mar 2019 20:41:00 GMT
The most-active construction steel rebar contract, with May expiry ... The town of Mangaratiba, in Brazil's Rio de Janeiro state, closed Vale's Ilha da Guaiba port terminal again due to pollution


The Latin American steel industry foresees a positive scenario ...
Tue, 12 Mar 2019 14:56:00 GMT
Production grows with Brazil maintaining its leadership Crude steel. Latin America and the Caribbean presented a production of 65.1 Mt, 3.4% more than in 2017. Brazil conti- nues to be the main


China's steel, iron ore rebound on restocking demand
Tue, 12 Mar 2019 01:40:00 GMT
Steel prices should rise after we saw less output ... on Tuesday also followed news that the town of Mangaratiba, in Brazils Rio de Janeiro state, fined Vale and closed its Ilha da Guaiba


Latin American stocks jump; pension reform optimism lifts Brazil ...
Mon, 11 Mar 2019 15:10:00 GMT
Top gainer was steel maker Companhia Siderurgica Nacional (CSN), up 5.8 percent. Credit Suisse raised the company's target price by 4 reais, to 15 reais, on the brokerage's increased iron ore price


CLASS ACTION UPDATE for DBVT, VALE and CAG: Levi & Korsinsky ...
Sun, 10 Mar 2019 07:21:00 GMT
Vale had failed to adequately assess the risk and damage potential of a dam breach at its Feijo iron ore mine especially in light of its experience in 2015; (ii) Vale's programs to mitigate


Honda begins operation at new automobile production plant in ...
Sun, 03 Mar 2019 23:30:00 GMT
Honda Automoveis do Brasil Ltda the Honda automobile production and sales subsidiary in Brazil began operation at its new automobile plant in the city of Itirapina in the state of So


Experts: Oversight to Blame For Vales Disaster
Wed, 27 Feb 2019 16:33:00 GMT
But by that same token, why wasnt this done years ago with Samarco There is a risk that ... What will happen to iron ore in 2019 To start with, analysts predict that the banning of upstream


Top Brazilian steel producers tackle debt pile
Wed, 27 Feb 2019 10:50:00 GMT
Brazil's top three steelmakers Gerdau, Usiminas and CSN have been taking steps to control their heavy debt loads. Their total gross debt stood at 50.7bn ..... BNamericas develops thousands of news


This Morning in Metals: Chinese Steel Prices Move Upward
Wed, 27 Feb 2019 10:09:00 GMT
This morning in metals news, Chinese steel prices are up ahead of the peak ... Jan. 25 at Vale SAs Corrego do Feijao mine in Brazil has other miners thinking about what they can do to prevent


China's steel output pace eases in January
Tue, 26 Feb 2019 09:54:00 GMT
Clearly if Chinese steel consumption falls 5 per cent (54 million tonnes), in line with our estimate, this rise is likely to continue, even with much lower production from Vale. Brazil's average


Brazil iron ore exports set to rise in Feb d- Secex data
Mon, 25 Feb 2019 23:33:00 GMT
Reuters - reported that Brazils average daily iron ore exports in the first four weeks of this month outpaced shipments from February 2018, despite a disaster at a Vale SA facility last month


Nippon Steel aims for output near 11 million tons a quarter for ...
Mon, 25 Feb 2019 22:42:00 GMT
Nippon Steel, which buys about 30 percent of its iron ore from Brazil, has not seen any impact on its procurement in terms of volume, he said, although surging prices are a concern. He expects the


Opinion: Brazils Brumadinho is Vales Worst Nightmare
Mon, 25 Feb 2019 04:56:00 GMT
Much of its production of iron ore is in Minas Gerais, where it has dozens of mines ... Vale was a fifty percent owner of Samarco, the company whose tailings dam failed. What do these dam failings


Terry McCrann: Why we need miners and banks
Sat, 23 Feb 2019 01:13:00 GMT
Now BHP didnt choose to exit Brazilian iron ore; it stopped because of its Samarco dam disaster. But that and the even bigger tragedy its Samarco partner Vale has had in its own operations shows


Japan steel industry eyes Brazil reaction to Vale dam disaster
Wed, 20 Feb 2019 23:43:00 GMT
TOKYO Reuters - Japans steel industry is closely watching the Brazilian governments reaction to the collapse of a dam operated by miner Vale SA for any impact on iron ore production and


TAILINGS: BHP looks to create international oversight for dams
Tue, 19 Feb 2019 13:38:00 GMT
BHP and its joint venture partner Vale suffered a tragic tailings dam failure in 2015 at the Samarco iron ore mine in Brazil. Operations there remain suspended as of press time today. BHP says it is


Brazil wants US$230mn compensation for EU steel restrictions
Tue, 19 Feb 2019 12:13:00 GMT
The Brazilian government has sent a request to the European Union asking for compensation for safeguards on steel imports imposed by ... BNamericas develops thousands of news articles, analyses and


BHP can't rescue iron-ore market after Brazil dam disaster
Tue, 19 Feb 2019 02:23:00 GMT
Vale and BHPs joint Samarco iron ore mine in Brazil suffered a similar fatal incident in 2015. It is too early to say whether the more recent incident will lead to more stringent regulations that


Number of news reports: 20