The three-month nickel price on the London Metal Exchange was higher during morning trading on Wednesday September 18, edging back above the $17,000-per-tonne resistance level despite moderate turnover, while the rest of the complex consolidated lower. Nickel’s outright price was recently seen at $17,170 per tonne, while trading volumes over the morning were modest at…
In July Russia imported 79 thousand tons of chromium ore and concentrate, up by 4% MoM and by 14.3% YoY. Most of the ore was imported from Kazakhstan. But deliveries have been falling for several months: April – 82.9 thousand tons, May – 77.1 thousand tons, June – 69.8 thousand tons and July – 61.5…
In January-August Russia produced 34.1 million tons of pig iron, down by 1.9% YoY. In August the output dropped by 0.8% YoY, but grew by 1.3% MoM. According to the Federal Service of State Statistics, Russia produced 39.4 million tons of unalloyed steel and semi-finished products, down by 1.1% YoY. In August the manufacture decreased…
In January-August rolled metal consumption in Ukraine dropped by 10.99% YoY, to 2.83 million tons. Imports accounted for 953.4 thousand tons, or 33.7%, up by 3.5%. In 8 months of 2018 the domestic market consumed 3.141 million tons of rolled metal, including 948.5 thousand tons, or 30.2% of imports. The share of flat rolled metal…
Magnitogorsk Iron and Steel Works’ (MMK) representatives took part in the Second Congress of the Russian Steel Association on labor protection, industrial and environment safety held in Stary Oskol. MMK invests around 2.5 billion rubles in occupational safety every year. The event was held on September 10-11 on the site of the Oskol Electrometallurgical Plant…
In January-August Ukraine produced 12.52 million tons of rolled metal, of which 10.64 million tons, or 85%, were exported. In 8 months of 2018 the share of export was 82.1% (10.08 million tons of 12.28 million tons produced). Semi-finished products accounted for 45.78% of exports, up from 43.94% last year. The share of flat rolled…
Mint reported that slowdown in India’s steel sector is spreading to medium and small enterprises, with several companies cutting production in response to lower demand. Such units make up about one-half of India’s total steel production but higher iron ore prices and weak demand have forced many to trim output since August. In some cases,…
The downtrend experienced by export prices for Chinese wire rod persisted over the past week, with mills under pressure to secure orders from overseas buyers. Fastmarkets’ weekly price assessment for November shipments of steel wire rod (mesh quality) export, fob China main port was $470-475 per tonne fob on Tuesday September 17, widening downward by…