Brazil domestic rebar weakens in September as price increase fails

The domestic price for Brazilian steel rebar dropped for the fourth consecutive month in September, with apparent long steel consumption faltering, smaller producers increasing the discounts granted to customers, and ferrous scrap costs holding steady. Fastmarkets’ price assessment for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 2,125-2,300 Reais ($519-561) per tonne on September…

IRON ORE DAILY: Prices dip below $90, trading thin

Seaborne iron ore prices continued to correct below the $90-per-tonne-cfr mark on Friday September 6 amid futures losses and thin physical trading. 62% Fe fines, cfr Qingdao: $89.05 per tonne, down $1.13 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $89.44 per tonne, down $1.13 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $86.80 per tonne, down…

Primetals Technologies receives FAC for automation upgrades at Gerdau Ouro Branco and conducts Industry 4.0 study

In late March, Primetals Technologies received the Final Acceptance Certificates (FACs) for automation upgrades conducted on a third-party 6-strand billet caster and two blast furnaces of Gerdau Ouro Branco in Minas Gerais, Brazil. The caster project included the upgrade of outdated level 1 and level 2 systems, resulting in quality improvements, reduced maintenance requirements and…

Ukraine: ferrous metals exports revenue down in January-August 2019

In January-August Ukraine received $6.3 billion of revenue from the exports of ferrous metals, down by 10% YoY. According to the State Statistics Service, ferrous metals accounted for 19.08% of total revenue, down from 22.65% in 2018. In August exports revenue was $685.68 million. Imports of ferrous metals in 8 months dropped by 4.4%, to…