In January-August metal prices in Ukraine decreased by 5.4%, including local prices by 4.7% and export prices by 6.1%. According to the State Statistics Service, industrial prices at the same time grew by 7.6%, 9% and 1.5% respectively. Prices in metallic ore mining increased by 17.9%, 7.3% and 28%. This dynamics completely reflects global market…
Severstal intends to borrow $800 million by issuing bonds with a maturity of 5 years. The interest rate will be 3.15%. The demand for the bonds with the maturity in September 2024 exceeded $2.2 billion. The company held a road show in London, Frankfurt and New York on September 5-6. Citi, KP Morgan, Societe Generale,…
The supervisory board of the public joint stock company ArcelorMittal Kriviy Rih took a decision to hold an extraordinary meeting of its shareholders in Kriviy Rih on October 10. Agenda includes payment of dividends. Shareholders are proposed to spend 10,845 billion UAH for this that is equivalent to 2.81 UAH per ordinary share. If the…
The head of the State Service on Geology and Subsoil Oleg Kirilyuk has signed an order to grant Lira Mine Minerals LLC a special license to mine gold in the Kirovograd region. The license grants the company rights to develop the Klintsy deposit (Central and Gubovsky sites) for 15 years. Lira Mine Minerals LLC was…
The Guardian reported that a steel company Celsa Manufacturing UK, which has admitted health and safety failures over the deaths of two workers who were killed in an explosion at a plant in Cardiff, could be fined up to GBP 1.5 million. Celsa Manufacturing UK entered the plea on Wednesday, the day their trial was…
Magnitogorsk Iron and Steel Works (MMK), as part of its environmental programme, has begun reconstruction of the gas outlet at sinter plant No. 3. This will significantly reduce the plant’s anthropogenic impact on the environment. The project’s investment will amount to RUB 190 million. The reconstruction project will replace the duct which connects the sinter…
Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks. Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week…
Tata Metaliks Ltd has announced that the second blast furnace and its associated facilities in Kharagpur will undergo a planned shutdown, for maintenance and overhauling from September 12, 2019 at 10.00 AM. The operations are expected to be back on stream from September 16, 2019 at 10.00 PM. Source of information