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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

Brazils Vale reports decrease in iron ore production in Q4
Sat, 12 Feb 2022 00:00:00 GMT
Brazilian miner Vale SA VALE3.SAon Thursday reported a 2.4% decrease in iron ore production in the fourth quarter year-on-year. According to a securities filing, the company reached quarterly iron ore production of 82.47 million tonnes, below the same period from the previous year and down 7.8% from the third quarter. Total iron ore production for 2021 were 315.61 million tonnes, or up 5.1% on a yearly basis, falling within the lower end of its target range, which was set at between 315 and

COMET Group joined as member of EUROMETAL
Fri, 04 Feb 2022 00:00:00 GMT
We are pleased to inform you that COMET Group joined as member of EUROMETAL. The COMET Group was born out of a Belgian family-owned steel distribution company and has now several companies located in Belgium and France employing nearly 400 people, with branches as far away as South America and Asia. COMET Group achieves

Brazilian BAMIN iron ore mine to raise output to 26 mil mt/year ...
Tue, 01 Feb 2022 00:00:00 GMT
Bahia Mineracao (BAMIN)s Pedra de Ferro high-grade iron ore mine in northeast Brazil is to raise its output to 26 million mt/year within 42 months, with the potential to become Brazils third largest iron ore exporter, Benedikt Sobotka, CEO of developer Eurasian Resources Group said in an interview. The project which produced 1 million mt in 2021 had previously announced a target production of 20 million mt/year by 2026, with expectations of shipments of 18 million mt in that year.

Brazil ministry notifies Vale to present iron ore dam safety ...
Sat, 22 Jan 2022 00:00:00 GMT
Brazils Minas Gerais state public ministry notified Vale late Jan. 20 that it must present plans within days for measures to ensure the safety of 18 dams at its iron ore mines following recent intense rainfall in the state in southeast Brazil, the miner said. The company will have 10 days from receipt of the formal notification to state what action it will take to prevent erosion of the dams, according to information released Jan. 19 by the ministry. In an email to S&P Global Platts,

China iron ore futures range-bound on falling shipments, demand ...
Fri, 14 Jan 2022 00:00:00 GMT
Chinese iron ore futures dipped at market close on Thursday, after gaining more than 2% boosted by falling shipments from major miners, as concerns remain about short-term demand for the steelmaking ingredient. Exports of iron ore from Australia and Brazil stood at 22.35 million tonnes for the week ended Jan. 9, down 5.61 million tonnes compared with the week earlier, according to data from Mysteel consultancy. However, despite molten iron output gradually recovering on easing environmental

Number of South American industry news reports: 12
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South American steel industry news.