Rebar prices kept unchanged in Mexico through October, although producers continue to be assertive about hiking prices, sources in the domestic market said. Reported offers, bids and deals led Platts to maintain its Mexican domestic rebar ...
Tags: Rebar prices, Stay Flat, sluggish demand
Brazil’s long products market should face a challenging year in 2015, despite a low increase in production, domestic sales and as well as in the country’s apparent consumption, an executive at Gerdau said during the Alacero ...
Tags: Long Steel Production, Domestic
The US Department of Commerce (DOC) announced Wednesday the final results of its administrative review of the antidumping (AD) order on stainless steel bar from Spain. The review covered one company — Gerdau Aceros Especiales ...
Tags: Stainless Bar, antidumping
Dominican steelmakers Industrias Nacionales (Inca) and Metaldom completed their merger, the companies said Wednesday, and will now be known as Gerdau Metaldom. According to Gerdau, which controls 79.97 percent of Inca, "the first ...
Tags: steelmakers, Mineral
Global steel giant ArcelorMittal and Brazilian steelmaker Gerdau have jointly announced that they have entered into a definitive transaction agreement to sell their respective 50 percent interests in Gallatin Steel Company (Gallatin) to ...
Tags: Gallatin Steel, Nucor, ArcelorMittal
A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports. Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of ...
Tags: Iron Ore, Chinese spot market
Gerdau S.A. reported Wednesday that shipments of steel products reached 4.5 million mt in the second quarter of 2014, a reduction of 2.4 percent when compared to Q2 2013. Net Sales reached R$10.4 billion in Q2 2014, an increase of 5.7 ...
Tags: Steel Products, Mineral
International credit rating agency Fitch Ratings has affirmed Brazil steelmaker Gerdau’s rating at BBB-, with a stable perspective, it said recently. The rating is based on Gerdau’s “position as the leading ...
Tags: Brazil, Fitch Ratings, Metallurgy, Mineral
Brazil steelmaker Gerdau has welcomed the idea of a regional bank that could connect the BRIC (Brazil, Russia, India, China) nations, an executive told reporters recently. According to Gerdau’s CEO, Jorge Gerdau Johanpeter, the ...
Tags: Brazil, Gerdau, Metallurgy, Mineral
Brazil steel maker Companhia Siderurgica Nacional (CSN) plans to expand its presence in the domestic rebar market, local media reported on Tuesday. The company has just entered in the long products segment and is eyeing a 9 percent market ...
Tags: Rebar Market, steel maker
Brazil-based iron and steel maker Gerdau said Tuesday its proposed logistics and mining investments will enable the company to more than double iron ore production within the next six years, to 24 million mt/yr, from the current 11.5 ...
Tags: Iron Ore, steel maker
Sweden-based special steel producer Ovako has announced that the commercial court of Nanterre in France has made a decision regarding the bid concerning the assets of French engineering steel producer Ascometal in favor of the French ...
Tags: Bankrupt Ascometal
Brazil-based Gerdau Corsa opened a new mill this week in Ciudad Sahagún, Hidalgo, Mexico with an investment of US$600 million. The facility will be fully operational by August 2014 and will have an annual installed capacity of one ...
Tags: Gerdau Corsa, Semi-Finished
According to Brazilian news reports Monday, Gerdau has joined the competition to acquire the assets of bankrupt, France-based engineering steel manufacturer Ascometal. Gerdau, which has reportedly offered 86 million euro (US$118 million), ...
Tags: Gerdau, engineering steel
Brazil-based steel producer Gerdau SA has reported its financial results for the first quarter this year, posting a net profit of R$440 million ($197.3 million), rising from R$160 million in the corresponding quarter of 2013, mainly ...
Tags: steel producer, iron ore