BASE METALS WARRANT REPORT 28/08
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 28. Please click… Source of information
Baosteel Zhanjiang Orders Additional Slab Caster from Primetals Technologies
In January Baosteel Zhanjiang a subsidiary company of the Chinese corporation Baoshan Iron and Steel Co Ltd placed an order for a continuous slab caster with Primetals Technologies. The caster, CCM 3, will be set up in the Baosteel production site in Guangdong Province in South China, where Baosteel Zhanjiang already operates two slab casters…
RUSSIA REBAR: Price down on high supply, low demand
Rebar prices in Russia’s major steel-consuming region, the Central Federal District, went down over the week ended Tuesday August 27 because of high supply volumes combined with falling demand. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT, was 37,000-38,000 roubles ($557-572) per tonne on Tuesday, down from…
ArcelorMittal Long Products Canada Acquires Legault Metal
ArcelorMittal Long Products Canada announced today that it is acquiring the assets of Legault Métal Inc, a metals recycling company with facilities in Trécesson, Val d’Or, Rouyn-Noranda and La Sarre, in Abitibi-Témiscamingue in Quebec in Canada. These sites, which will now operate under the name Legault Métal, a division of ArcelorMittal, will continue to deliver…
Economic impact of innovation proposals at MMK increases by 40%
The economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to almost RUB 380 million in H1 2019 – a 40% increase year-on-year. During this time, innovators submitted a total of 3,150 proposals, of which more than 70% (2,210) were approved for implementation. These numbers indicate an increase in the…
Ukraine: steel output up in January-July 2019
According to Worldsteel, the global steel output in January-July grew by 4.57% YoY, to 1.084 billion tons. China traditionally occupies the first place with 577.06 million tons of steel produced, up by 9.01%. China accounts for 53.2% in the world steel output. As previously, Ukraine is on the 13th place with 12.72 million tons of…
Ukraine: Mariupol Ilyich constructs 2 cooling towers
Mariupol Ilyich Iron and Steel Works has constructed 2 energy efficient cooling towers. Investments in the project amounted to 55.1 million UAH. One of the towers cools water for the sheet-rolling shop-1700 and the cold-rolling shop. The second tower provides cold water for the oxygen shop. With the commission of the two towers the water…
Russia: MMK announces Capital Markets Day
PJSC Magnitogorsk Iron and Steel Works will hold a Capital Markets Day in London on November 15. At the CMD, Chairman Viktor Rashnikov, INED Morgan Ralph Tavakolian and the executive management team will discuss MMK’s progress against the Company’s strategy to 2025. The presenting team will include: Viktor Rashnikov, Chairman of the Board of Directors,…