London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing’s (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13. HKEX, which owns the London Metal Exchange and its associated clearing house LME Clear, made the bid…
Business Line reported that JSW Steel will move the National Company Law Appellate Tribunal on Friday to seek immunity from the ongoing criminal fraud cases against Bhushan Power and Steel Ltd. JSW Steel is the new owner of Bhushan Power after it emerged the top bidder through the insolvency process. JSW Steel will also appeal…
Japanese trading house Mitsui & Co plans to expand its liquefied natural gas (LNG) and iron ore assets to meet growing demand in Asia despite signs of a slowing global economy amid a prolonged U.S.-China trade row, its senior executive said. “Energy and natural re Source of information
The bulk scrap price fell below $270 per tonne after a lower Kanto auction result and increased European supply to the region. Key market participants in the region expect more price falls after the lower Kanto Tetsugen auction this week, with end users shying away from purchasing large quantities. Large quantities of European scrap meant…
Sergey Filipiev has been appointed Interpipe Niko Tube CEO from September 11. He has been working at major metal enterprises for over 20 years. Before coming to Interpipe he has been working at Chusovoy Iron and Steel Works (Russia). Valeriy Karpyuk, who has been heading the company since 2017, has retired. (Ukrainian metal)
In July Russia exported 25.3 thousand tons of lead ore, down by 39.2% MoM, but up by 20% YoY. Deliveries to China dropped by 46%, to 22 thousand tons, and to Kazakhstan – from 939 tons to 345 tons. In January-July exports totaled 215.8 thousand tons, up by 27.2% YoY. In monetary terms since the…
In July Russia exported 33.5 thousand tons of refined copper, down by 1.2% MoM and by 42.9% YoY. Deliveries to China grew more than 2-fold, to 8.2 thousand tons, while to Germany dropped by 49%, to 3.3 thousand tons. In January-July exports totaled 373.9 thousand tons, down by 1.6% YoY. In monetary terms since the…
Izhstal has increased the power capacity of its foundry shop. This will increase the quality products output. The company has commissioned a new cable track for its steel-smelting furnaces. The length of the track was 1200 meters. Over 20 tons of cable have been laid. Izhstal plans to buy additional molding machines and the cold…