Steel distributors' sales, purchases expected to have increased in October

Brazilian flat steel distributors are expected to have increased both purchases from mills and sales volume in October compared to the previous month, according to Christiano Freire, the CEO of local ...

Ecuador
Andec-Funasa open to possible strategic alliances
Ecuadorian steelmaking consortium Andec-Funasa, which the state partly controls through the national... more
Venezuela
Cabelum invests US$11.6mn to increase production
Venezuelan aluminum cable producer Cabelum has started the second phase of an expansion project wort... more
Brazil
CSA steel mill to boost gas emissions in Rio city by 76.3% - report
German group ThyssenKrupp's 5Mt/y CSA steel slab plant in Rio de Janeiro state will increase greenho... more
Brazil
Analysts pleased with Gerdau's Q3 performance
Market analysts reacted well to Brazilian steelmaker Gerdau's (NYSE: GGB) results for Q3, as UK-base... more
Chile, Regional
LME copper slips 0.7% in the midst of varied global economic data
The price of copper on the London Metal Exchange closed Friday at US$2.96/lb cash, down 0.7% on the ... more
Ecuador
Andec-Funasa to invest US$170mn over the next four years
Ecuadorian steelmaking consortium Andec-Funasa plans to invest US$60mn in finishing the second round... more
Venezuela
Sidor to inaugurate new HyL III plant in December
The new HyL III plant at Venezuelan state steelmaker Sidor will be inaugurated in December, Iván Her... more
Venezuela
Cooperatives strike stops FMO operations
The cooperatives that provide mechanical maintenance services at Venezuelan iron ore producer Ferrom... more
Brazil
Gerdau: Outlook positive for local operations in 2010
The outlook for Brazilian steelmaker Gerdau's (NYSE: GGB) local operations is positive for 2010 as t... more
Brazil
CSN's investments in Minas Gerais could reach US$6.38bn in 2010-13
Brazilian steelmaker CSN (NYSE: SID) is maintaining its investment plan in Minas Gerais state, which... more
Argentina
Siderar reports 82.8% increase in third quarter profits
Argentine flat steel producer Siderar, a subsidiary of steelmaker Ternium (NYSE: TX), posted third q... more
Brazil
Gerdau back in black with net profit of US$380mn in Q3
Brazilian steelmaker Gerdau (NYSE: GGB) posted net profits of 655mn reais (US$380mn) in Q3 compared ... more
Venezuela, Ecuador
Steelmakers prefer to work with government, not other countries
Ecuador's metalworking industries association (Fedimetal) prefers to form a partnership with the nat... more
Chile
Xstrata's Altonorte union kicks off pay talks
The union at Anglo-Swiss miner Xstrata's (LSE: XTA) Altonorte copper smelter in northern Chile began... more