The Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19, 2018 and the EGM record date (the list of shareholders eligible to vote) on August 27, 2018. The Board of Directors has recommended for the EGM…
BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pacific Island operations, increased to A$888.1 million for the 12 months to June 30, up 7 percent from a…
MUMBAI: BSR and Associates, an associate of KPMG India, has filed a case against the government after the bankruptcy court okayed its proposed removal as auditors of IL&FS Financial Services — a position BSR had already resigned — for alleged role in financial irregularities in the firm. With the “deemed removal” of BSR, along with…
Bloomberg reported that as European steel demand comes under growing pressure, two big suppliers to the bloc are betting on online stores to help attract new clients. It may not sound like groundbreaking plan Internet shoppers around the world can already order anything from a prefabricated house to a human skull yet European steel buyers…
Brazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020. Such material would arrive at US ports in late December and early January, market participants said. “We are…
The shape of the international stainless steel market has changed, in recent years. Burgeoning economic growth, in the developing world – particularly, in Asia – has contributed to growing global production overcapacity, relative to demand. In turn, the number of protectionist trade measures has increased. China’s crude stainless steel output soared from 2 percent of…
NLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tonnes of steel products. As part of the partnership, traders will be able showcase their entire product range through NLMK’s https://nlmk.shop/ online marketplace,…
CEO of Magnitogorsk Iron and Steel Works (MMK) Pavel Shilyaev took part in the first organizational meeting of an environmental coordination council, created on the initiative of the head of the Chelyabinsk region, Alexei Teksler. The meeting was also attended by representatives of the largest industrial enterprises of the Chelyabinsk region, environmental groups and experts.…