Russian metals holding Metalloinvest plans to invest more than 12 billion rubles in a second stage of ore concentrate quality improvement at Mikhailovsky GOK mining and processing plant, the company said in a statement. The company invested 1.2 billion rubles in the first stage of improvement, under which Metalloinvest launched fine screening equipment from Derrick…
In August Ukraine produced over 2.4 million tons of coal, which was 13% less than planned. This was reported by the Coal Miners Union of Ukraine with a reference to the data provided by the Energy and Coal Industry Ministry. “In August coal mining enterprises of Ukraine of all forms of ownership produced 2,417,413 tons…
Ratings agency ICRA has revised its outlook on the long term rating for JSW Steel from Stable to Negative based on the fall in profits on the back of low steel prices as well as weakness in domestic demand, JSW Steel said in a stock exchange filing ” ICRA has reaffirmed long-term rating to [ICRA]AA…
China's iron ore futures jumped 6% on Monday to a two-week high, logging a third straight session of gain, fuelled by robust short-term demand after Beijing vowed to provide more support for the country's economy. China's cabinet, the State Council, on Saturday pledged to beef up investment in infrastructure projects and regional development to support…
Export prices for Chinese wire rod continued to drop over the past week, with mills looking to secure more orders from abroad amid subdued domestic demand. Fastmarkets’ weekly price assessment for October/November shipments of steel wire rod (mesh quality) export, fob China main port was $485 per tonne fob on Tuesday September 4, narrowing downward…
PTI reported that the BJP government in Karnataka will examine and take a decision on the previous coalition government’s proposal regarding the sale of 3,667 acres to JSW Steel at Ballari. Minister for Large & Medium Scale Industries Jagadish Shettar said “I will look into it and discuss with officials regarding it. Did they do…
The seaborne high-grade manganese ore index fell in the week to August 30, while the low-grade ore market consolidated after falling heavily in the previous week. Seaborne high-grade manganese ore index in China drops Seaborne low-grade cif and fob ore prices range bound Port ore prices drop to encourage buying interest Alloys slide in China,…
Bharat Heavy Electrical Ltd announced that NMDC has revoked the termination of the contract to construct a Raw Material Handling System at NMDC’’s under construction Integrated Steel Plant at Nagarnar in Bastar district of Chhattisgarh, being executed by BHEL-ISG Bengaluru division, has restored the original contract on 27th August 2019. BHEL had received on 15th…
