Vietnam opens anti-dumping probe on Chinese steel

Vietnam has initiated anti-dumping investigations on certain carbon steel imports from China following a request by local producers. Local manufacturers Posco Vietnam, China Steel Sumikin and Phu My Flat Steel, all based in the southern province of Ba Ria-Vung Tau, have alleged that certain cold-rolled carbon steel coils and sheets imported from China were being…

Metalloinvest Joins UN International Sustainability Initiative

Metalloinvest has joined the United Nations Global Compact an international initiative centred on corporate sustainability and social responsibility. As a party to the Global Compact, Metalloinvest has undertaken voluntary commitments to comply with the fundamental principles of the UNGC in the fields of human rights, labour relations, environmental protection and the fight against corruption. Metalloinvest…

Donghai Steel to build EAF mill in South China

Donghai Steel Group in Tangshan city in North China’s Hebei province, is planning to build a new 4 million tonne/year electric arc furnace-based steel mill in South China’s Guangdong province, a company official confirmed on Tuesday. Donghai Steel will invest some Yuan 6 billion ($843 million) to build the new steelworks, which will cover an…

INTERVIEW: Vietnam best bet for nickel production after Indonesia ore ban – Blackstone CEO

Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week. With estimated refined production capacity of 10,000 tonnes per year, the company plans to develop its newly-acquired…

ED Attaches SPS Steel Assets in Bank Fraud Case

Business Line reported that Enforcement Directorate has attached assets worth INR92 crore of SPS Steel Rolling Mills and others under Prevention of Money Laundering Act, 2002 in a bank fraud case. The attached assets consist of shares of an entity owning five-star hotel, three luxurious apartments, an office building and 0.33 acres of land. ED…

ASIAN NICKEL CONF: Philippines unlikely to fill nickel ore supply gap arising from Indonesia’s export ban, participants say

Among the hotly debated topics at Fastmarkets’ seventh annual Asian Nickel Conference in Jakarta, Indonesia, this week was whether or not increased nickel ore shipments from the Philippines would be able to offset the supply gap that will arise once Indonesia halts exports of the material from next year. The majority of conference delegates were…

Russia: CherMK to improve steel quality

Cherepovets Iron and Steel Works has started constructing a plate-straightening machine No. 4.

The cost of the investment project exceeds 1 billion rubles.

The company plans to increase high-quality steel output to 10 thousand tons per year.

The new machine is expected to reach its design capacity in Q1 2020. (Ukrainian metal)

Ukraine: Rada backs uranium mining licensing

The Verkhovna Rada of Ukraine has approved a draft decree to implement licensing of uranium mining by the State Inspection of Nuclear Regulation.

The draft decree has been backed by 293 members of the parliament.

Now only processing and transportation of uranium ores are licensed. (Ukrainian metal)

Ukraine: Mariupol Ilyich and Azovstal pass SASO audit

Mariupol Ilyich Iron and Steel Works and Azovstal have successfully passed the SASO certification audits necessary to continue exporting metal to Saudi Arabia. The audit showed that the companies were controlling the quality when fulfilling orders. The SGS Ukraine representatives inspected the steel manufacture, as well as documents to produce metal and make samples. Metinvest…

Kazakhstan: Russia limiting coal exports to Ukraine

Coal industry of Kazakhstan is sustaining losses after Russia imposed limitations on the export of coal to Ukraine. According to the Association of mining and metallurgical enterprises, in June-September coalmining companies intended to ship 584.12 thousand tons of coal to Ukraine via Russia, but the Russian Ministry of Economic Development approved only 233.5 thousand tons.…

Russia: gold output up in H1 2019

In January-June Russia extracted 142.223 tons of gold, up by 11.41% YoY. The growth is due to the Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity. Petropavlovsk has commissioned its autoclave manufacture and until the end of the year intends to get 15.5 tons of gold. Russia is expected to produce…

China’s Shagang raises long steel prices for mid-September

Eastern China’s Shagang has raised the list prices for its rebar and wire rod booked in mid-September.

The mill is selling its HRB400 16-25mm rebar at 3,820 yuan ($537) per tonne over the September 11-20 period, up 100 yuan per tonne from its…

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