JSW Steel Ltd, India’s most valuable steel producer, is predicting declines for iron ore next year as demand from biggest consumer China eases and supplies recover. Prices may trade between $80 and $85 a ton for the rest of 2019 before sliding to $60 to $65 next year, Seshagiri Rao, joint managing director of the…
In January-August Ukraine produced 6.87 million tons of 6% moisture bulk coke, down by 6% YoY. In August deliveries of coking coal to by-product coke plants grew by 3% MoM, to 1.19 million tons, including 430 thousand tons of domestic coal, up by 10%, and 760 thousand tons of imported coal. In 8 months deliveries…
The Northern Pipe Company has commissioned its fifth pipe-welding mill 16-51. The new mill will cover the growing demand for the cold-rolled and galvanized coils. The company will now also be able to increase small diameter pipes output to 70 thousand tons per year. (Ukrainian metal)
NGK Resurs has commissioned the Polyanka deposit. Some 600 employees have been hired. The company intends to produce around 1.5 tons of gold per year. Until autumn in test mode the company has obtained 330 kg of gold. During the first stage of the project, which is scheduled to last till 2025, the investor will…
Under the project to develop the Yoshlik I deposit Almalyk Mining and Processing Works has assembled an EKG-15 M excavator and is assembling two more. So far the company has bought 15 excavators, including 13 EKG-15M and 2 EKG-10. The three excavators were received in August. The first was assembled in just 35 days as…
Most of the debut eurobonds issued by ChTPZ have been bought by investors from the Great Britain and Russia. ChTPZ placed eurobonds valued at $300 million with the interest rate of 4.5%. Gazprombank, Citi, J.P. Morgan, Societe Generale and Renaissance Capital acted as organizers. UK investors purchased 30% of the issue, from continental Europe –…
The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years. Turnover has been moderate for the base metals complex so far this morning, with copper traded…
Ukrzaliznytsia (Ukrainian Railways) has concluded 30 agreements with Metinvest-SMC LLC on the purchases of steel valued at 102.55 million UAH. In particular the company will supply carbon steel hot-rolled plates with the thickness of 3 to 20 mm at 20,760-21,137 UAH. Most of the agreements have the same price of 3.86 million UAH. Some are…