Argentinian steelmaker Techint is accusing Japanese-based Nippon Steel of orchestrating a move that could completely alter the control of Brazil’s Usiminas, according to a media report. The move began with the “unilateral ...
Tags: Techint, Nippon Steel, steelmaker
Brazil’s water transport authority Antaq has authorized the start-up of operations of the Sudeste Port, according to information made available in the Diario Oficial, the country’s official gazette. According to the document, ...
Tags: water transport, iron ore
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
Taxes on Brazil steel products have been adding costs to the competitiveness of the country’s industry, an executive said recently. Citing a comment from Sergio Leite, vice-president for sales at Usiminas, a media report said high ...
Tags: Taxes, Competitiveness, Energy
With the weakening of domestic sales, Brazil steelmakers are looking to expand exports. According to executives from companies like Companhia Siderurgica Nacional (CSN) and Usiminas, the strategy of increasing exports would help steel ...
Brazil flat steel and iron ore producer Usiminas said it could increase its share of iron ore exports through the Sudeste port, which is being built in Itaguai, Rio de Janeiro, an executive said. Talking to journalists in the sidelines of ...
The Brazilian steel mills including Usiminas, Companhia Siderurgica Nacional (CSN) and ArcelorMittal have planned to raise the prices for flat-rolled steel products by 6%~7.5% averagely. It’s said that Usiminas hiked prices by ...
Tags: Brazilian steel mills, raise the prices, flat-rolled steel products
It is learned that Brazilian steelmakers are planning to raise steel prices for car makers, the increase could be ranged between 7% and 10%. The steel price for auto sector remained flat for almost two years. According to source that is ...
Tags: Steel, Construction
It is learned that Brazilian steelmaker Usiminas sold 1.565 million tons of steel in the third quarter of this year, representing a decrease of 10.5% compared to the same period last year. In the first nine months of this year, the ...
Tags: Construction, steel
Brazilian steelmaker Usiminas reported net income of R$115 million (US$52.5 million) in the third quarter following two consecutive quarterly losses and a net loss of US$22.1 million in Q3 2012. Net revenues totaled R$3.20 billion in Q3 ...
Tags: Metallurgy, Mineral, Energy, steel
According to Goldman Sachs's analysts, Brazilian steelmakers are likely to increase prices of their flat steel that sold to domestic carmakers by 5% by the end of this year. The vehicle manufacturers maintain long-term contracts with steel ...
Tags: Steel, Construction
It is learned that Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will increase prices for the steel distributors from August 23rd. According the an industry source said earlier this week, the company will adjust price of hot ...
Tags: Domestic Steel Price
Brazilian steelmaker Usiminas said it may not raise the steel price again in the short term after it lifted up prices twice this year. The company will adjust the price by following the change in the international market. The company ...
Tags: Usiminas, Flats Prices
It’s reported that Brazil’s steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) posted a net loss of BRL22 million for the second quarter of this year, improving from a net loss of BRL6.5 million in the same period of ...
It’s reported that the Brazilian steelmakers may fail to raise prices for steel flat products due to weak steel prices in international market and low-priced imports into the Brazilian market. In the first quarter of ...
Tags: Steelmakers, Prices, Brazilian