On September 11 Akron Holding started managing the operation of the Volzhskaya Metallurgical Company, the manufacturer of aluminum sections. Until the end of the year Akron Holding will carry out a number of steps to improve financial conditions of the company. In particular, the product portfolio will increase and the machinery will be modernized. Volzhskaya…
India’s Commerce & Industry Minister Mr Piyush Goyal launched Steel Import Monitoring System to give advance information about steel imports to government and stake holders. The SIMS will provide advance information about steel imports to Government and stake holders including, steel industry, steel consumers to have effective policy interventions. In this system, the importers of…
Kuzbassrazrezugol has finished the scheduled replenishment of technological automobiles for 2019. The company subsidiaries have received and put into operation 87 new BelAZ quarry dump trucks with the lifting capacity of 90 to 360 tons. This year the company has purchased 49 units of 220-ton BelAZ-75306 trucks and 24 BelAZ-75131 with the lifting capacity of…
In January-June Metinvest decreased net profit by 39% YoY, to $408 million. The company revenue dropped by 6%, to $5.818 billion, and EBITDA – by 33%, to $890 million. At the same time the total and net debts remained unchanged – $2.753 billion and $2.474 billion respectively. (Ukrainian metal)
Base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Tuesday September 17, with risk aversion still heightened following an attack on Saudi Arabian oil facilities over the weekend. “It was a textbook risk-off response in global financial markets following the strike on Saudi Arabia’s oil facilities over the…
Despite the fourth quarter of the year being well under way, it has been surprising to see the Indian subcontinent markets still stuck in the ongoing doldrums. As we reach the middle of September, markets have not been this depressed for several years (at least) and the pervading negativity seems to show few signs of…
The Turkish steel producers went quiet in the deep-sea scrap markets at the beginning of the current week, digesting the latest cargo transacted from the United States, sources said on Monday September 16. A steel mill in the Izmir region booked a US cargo at the end of last week, comprising 15,000 tonnes of HMS…
With a missionary zeal to advocate and promote sustainability for protecting the planet with an appeal to consume less in every walk of life in alignment with National Mission to mitigate corrosion through sustainable solutions, Mr Yatinder Suri established, led and guided the chosen team for the Indian subsidiary of Finnish stainless steel global leader…