Russia: Lebedinsky GOK produces 40 million tons of HBI

Lebedinsky Mining and Processing Works, a part of Metalloinvest, has produced the 40-millionth ton of hot-briquetted iron.

It took the plant 20 years to reach the milestone.

Metalloinvest occupies over 50% of the global HBI market. In 2018 it sold 4.5 million tons of the product. (Ukrainian metal)

Russia: Korshunovsky GOK iron ore concentrate output up in July 2019

In July Korshunovsky Mining and Processing Works increased iron ore concentrate output by 15% MoM, to 228 thousand tons.

The products were shipped to Chelyabinsk Iron and Steel Works.

Ore output grew by 58%. (Ukrainian metal)

Russia: ITPZ ships pipes to Cuba

Izhorsky Pipe-Rolling Plant LLC and Siberian Industrial Holding Trading House LLC have supplied pipe products for a joint project of RN-Exploration LLC and Union CubaPetroleo (CUPET) on Cuba. According to the order ITPZ produced compressor-pump pipes with the diameter of 89 mm to be used for capital repairs of shafts at the oil deposit. And…

Kyrgyzstan: Centerra announces termination of legal proceedings affecting Kumtor project

Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…

WEEKLY BASE METAL PREMIUMS REPORT: 27/08

A summary of base metals premiums from across the globe for the week to Tuesday August 27.

Please click…

Source of information

Southern Steel Reports Annual Net Loss

The Edge Markets reported that dragged by lower selling prices, Southern Steel Bhd reported a net loss of RM34.85 million for the fourth quarter ended June 30, 2019, as compared with a net profit of RM35.21 million a year ago. This is the third consecutive quarterly net loss, resulting in a full year loss of…

GLOBAL ALUMINIUM WRAP: Rotterdam upturn boosts premiums elsewhere in Europe

Aluminium premiums were mostly stable globally during the week ended Tuesday August 27, with participants shifting their focus to longer-term contract negotiations. But the recovery recently seen for Rotterdam material was spreading throughout Europe. Rotterdam uptrend pushing European premiums up Main Japanese port (MJP) premium flat; focus goes to quarterly contracts Premium in United States’…

RINL CMD Reviews Performance of the Plant

Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due…

PRICING NOTICE: Discontinuation of third-party ferrous scrap, non-ferrous scrap and foundry ingot prices

Fastmarkets MB has today discontinued 40 steel scrap, non-ferrous scrap and foundry ingot prices. After a two-month notice period, Fastmarkets MB has delisted and ceased the publication of steel scrap prices from BDSV; aluminium alloy prices from Affimet; zinc alloy prices from Brock Metals; and non-ferrous scrap and foundry alloy prices from Lettre D’Information Metaux,…