Steel industry news from South America.

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.


Tenaris to Increase its Participation in Usiminas Control Group
Thu, 30 Mar 2023 00:33:00 GMT
LUXEMBOURG , March 30, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that its Brazilian subsidiary Confab Industrial S.A. , together with its affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T group within


Recognition of a lifetime in the metals business for Target Steel ...
Mon, 06 Mar 2023 11:00:00 GMT
Valentino Simone started Target Steel in 1988. In this interview, he looks back on his career in metals distribution.


Vale to increase high-grade iron ore output in tightening market
Wed, 01 Mar 2023 00:00:00 GMT
Brazilian miner Vale SA said its production of high-grade iron ore agglomerates is expected to increase in coming years as it sees the average premium for better quality rising in a tightening market. Vale said in a presentation to analysts its output of high-grade agglomerates is set to reach 50 million to 55 million tonnes in 2026, up from 32 million in 2022, before jumping to about 100 million tonnes post-2030. The mining giant noted that segmentation and supply challenges in the global


EU HRC producers insist on higher prices despite slow trading
Thu, 16 Feb 2023 00:00:00 GMT
European steelmakers are insisting on higher prices for hot-rolled coil despite buyer hesitation on positive trend sustainability and limited trading activity, sources told S&P Global Commodity Insights Feb. 15. Earlier this week, ArcelorMittal and other European steelmakers increased offers to Eur820/mt delivered across Europe. The new offers were the equivalent of about Eur790-805/mt ex-works


Benteler terminates sale to Tenaris
Wed, 08 Feb 2023 00:00:00 GMT
Tenaris says that Benteler Steel Pipe & Tube Manufacturing Corporation has exercised its right to terminate the $460 million sale of its 400,000 short ton/year Shreveport, Louisiana, pipe plant, Kallanish learns. Benteler discovered that they had contracted to sell too cheap. Tenaris got bogged down in Hart Scott and other stuff. So, the clock


Benteler to retain US steel tube plant, cancels sale to Tenaris
Tue, 07 Feb 2023 00:00:00 GMT
Benteler Group will not pursue the previously announced sale of its Shreveport, Louisiana, seamless steel tube plant to Tenaris, the company said Feb. 6, citing a renewed strengthening of demand in the oil and gas markets that the facility supplies. Following the successful ramp-up of the Benteler steel tube plant in Shreveport, the site


Benteler terminates the previously-announced sale to Tenaris ...
Sun, 05 Feb 2023 13:20:00 GMT
LUXEMBOURG , Feb. 05, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that Benteler North America Corporation has exercised its right to unilaterally terminate, effective immediately, the previously-announced agreement for the sale to Tenaris of


Recognition of a lifetime in the metals business at Target Steel
Mon, 30 Jan 2023 16:00:00 GMT
Valentino Simone started Target Steel in 1988. In this interview, he looks back on his career in metals distribution.



Number of South American industry news reports: 12
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