The American Iron and Steel Institute (AISI) reported that for the month of February 2021, US steel mills shipped 6,735,067 net tons, a 9.2 percent decrease from the 7,420,816 net tons shipped in the previous month, January 2021, and a 13.3 percent decrease from the 7,771,656 net tons shipped in February 2020. Shipments year-to-date in […]
Baker Hughes has reported that for the week ending April 9, the US rotary rig count increased by two to 432 rigs. The number of rigs drilling for gas increase by two to 93, while the number of rigs drilling for oil remained level at 337. The overall rig count is now down by 170 […]
Minas Gerais state pig iron producers may provisionally halt output due to the lack of iron ore granulates, a media report by Diario do Comercio said late this week. Several steelmakers are buying the product from other states, including Mato Grosso do Sul. Citing local union Sindifer-MG, the media report said the lack of product […]
According to Statistics Canada, total investment in building construction increased 4.2 percent to $16.8 billion in February, posting a record high for the second consecutive month because of continued strength in the residential sector. Consecutive record levels have been reported for investment in residential construction since September 2020, reaching a new high of $12.3 billion […]
According to export data from the US Department of Commerce, monthly steel exports in February 2021 increased 0.9 percent from January to total 614,533 mt. A year-on-year comparison shows a 0.2 percent decrease. In terms of value, US steel exports in February totaled $829.2 million, compared to $822.6 million in January and $844.6 million in […]
According to final census data from the US Department of Commerce, US imports of plates in coil totaled 75,359 mt in February 2021, up 1.5 percent from January and up 2.2 percent from February 2020 levels. By value, plates in coil imports totaled $56.6 million in February 2021, compared to $52.2 million in January and […]
Peruvian iron ore export prices in February remained stable at $99.2/mt FOB when compared to January this year, according to data released by the nation’s central bank, BCRP. Peruvian iron ore export prices have remained unchanged at $99.2/mt FOB since November 2020, BCRP’s data indicated. BCRP said Peruvian iron ore export prices in February this […]
Brazilian holding company Votorantim SA said its long steel business in Argentina and Colombia posted a stronger adjusted EBITDA in full-year 2020. Adjusted EBITDA at its long steel business full-year 2020 was BRL 545 million ($92.7 million), 20 percent up, year-over-year. EBITDA margin rose to 22 percent in full-year 2020, from 21 percent in full-year […]
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On behalf of Switzerland-based Credit Suisse, UK-based Citibank, part of US-based financial services group Citigroup, has filed an insolvency application in an Australian court against OneSteel Manufacturing in Whyalla, Australia, and Tahmoor Coal in New South Wales, Australia, owned by UK-based global industrial leader GFG Alliance, according to media reports. Credit Suisse has claimed that […]
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