The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…
Mariupol Ilyich Iron and Steel Works has finished repairing its sintering machine No. 4. The overhaul started on July 15. In addition to the repairs the sintering machine also received the new gas-purifying system. At present the sintering machine undergoes the commissioning work. Mariupol Ilyich is one of Ukraine’s largest metal companies. It produces pipes…
Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…
The Indian Ministry of Finances has imposed the preliminary antidumping duties on flat cold-rolled metal from China, South Korea, Japan and Ukraine. The duty is the difference between $594 and the customs cost of the cold-rolled steel per ton. If the steel is sold at this price or higher, the duty is zero. Complaints to…
Karelsky Okatysh has assembled new equipment at its fine crushing site – the second advanced crusher. The replacement of the first two crushers is the beginning of the large project of the whole ore crushing network modernization. The goal of the project is to improve the quality of pellets and increase the output volumes. One…
Volzhsky Pipe Works has confirmed the correspondence of its seamless and welded pipes manufacture to DIN EN 10216-1, DIN EN 10216-2, DIN EN 10216-5, DIN EN 10210-1 and DIN EN 10219-1, as well as the 2014/68/EU PED and EU CPR 305/2011. All the pipe samples and technological processes have passed the audit. Thus VTZ was…
In July Russia’s gold bar production decreased by 15.5% YoY but rose by 3.4% MoM, the Federal State Statistics Service said in a statement on Wednesday. Platinum production decreased by 13.2% YoY and rose by 2.4% MoM. Palladium output fell by 5.8% YoY and increased by 1.1% MoM. Gold-bearing ore and concentrate production went down…
On August 16, the Customs Service of Taiwan imposed the preliminary antidumping duties on the imports of hot-rolled sheet originating from Ukraine, Brazil, China, India, Indonesia and South Korea. The 8.66-80.5% duty will come into effect on August 22, for 4 months. For Mariupol Ilyich Iron and Steel Works, Metinvest and other Ukrainian manufacturers the…