It has been three years since the commissioning of the polymer-coating unit No. 5 at the Lysvensky Metallurgical Plant, which currently manufactures products with decorative designs under the SteelArt brand. These products consist of a metal base with a three-layer polymer coating, which accurately imitates the look and feel of natural materials such as stone,…
China’s iron ore futures dropped 2% on Thursday, falling for a sixth day in a row, as traders remained wary about expected increase in supplies from miners. “Sentiment of traders has collapsed… People don’t know how much further the iron ore will go down and everyone is desperately getting rid of the goods they hold,”…
MUMBAI: Synergy Group Corp, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has shown exploratory interest in investing in Jet Airways, said a person aware of the development. The conglomerate submitted an expression of interest for the bankrupt and grounded airline after the August 10 deadline set by…
Brazilian iron ore exports fell by 4.7% on the year in July, with Vale’s successful resumption of some of its suspended operations slowing the rate of decrease in comparison with those a few months earlier, data released last week by Brazil’s ministry of economy showed. The country exported 34.27 million tonnes of the steelmaking raw…
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q1 2019. Q1 2019 GROUP HIGHLIGHTS Hot metal output increased 6% q/q in Q1 2019 to 2.36 mln tonnes (Q4 2018: 2.23 mln tonnes) following short-term maintenance works at BF#2 in…
An investment group owned by Turkey’s military pension fund is in last-minute talks about a takeover of British Steel in a deal that could save thousands of jobs. Ataer Holding, a wholly owned vehicle of Oyak, the state military retirement scheme, which is also the largest shareholder in Erdemir, the Turkish steel group, is in…
China’s Hebei Iron & Steel (HBIS) has failed to get approval from the Hebei government to purchase a majority stake in Tata Steel’s businesses in Thailand and Singapore. “HBIS have not been able to procure the requisite approvals from the Hebei government, one of the key conditions precedent for the proposed… (Ukrainian metal)
NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results. Q1 2019 highlights: Steel output decreased by 4% qoq to 4.2 m t due to the overhauls at the Russian sites and seasonal factors. A 3% yoy steel output reduction is also due to the overhauls…
