In August Ukrainian metal companies decreased natural gas consumption by 32% MoM, to 150 million cubic meters. In 8 months 1.26 billion cubic meters of gas were consumed, up by 2% YoY. Consumption of electricity in August increased by 3% MoM, to 980 million kW-h, but in 8 months dropped by 2%, to 7.73 billion…
Deliveries of iron ore raw materials to metal companies in January-August decreased by 6% YoY, to 18.9 million tons. In August some 2.4 million tons were supplied, on par with July. There were no imports in August. Iron ore raw materials exports in August totaled 3.5 million tons. In 8 months exports grew by 12%,…
Bloomberg reported that Kone Oyj’s Chief Executive Officer Mr Henrik Ehrnrooth wants a full merger with Thyssenkrupp AG’s elevator unit, as the Finnish firm prepares a bid for its German rival’s crown jewel that could thwart interest from private equity. Mr Ehrnrooth would like Thyssenkrupp to be a major shareholder in the combined entity, he…
SHANGHAI, Sep 16 (SMM) – Production of crude steel in China expanded 9.3% from a year ago to stand at 87.25 million mt in August, after a year-over-year increase of 5% in July, the National Bureau of Statistics (NBS) said on Monday September 16. This brought production in January-August to 664.87 million mt, standing 9.1%…
Base metals prices on the Shanghai Futures Exchange were on divergent paths during morning trading on Monday September 16, with risk aversion among investors heightening following an attack on Saudi Arabian oil facilities over the weekend. News on Saturday of a drone attack on Saudi Arabian state-owned oil producer Saudi Aramco’s oil production facilities at…
Bloomberg reported that JSW Steel is looking outward as the slowest economic expansion in six years cuts demand in India and puts pressure on margins. Joint Managing Director Seshagiri Rao in an interview said that JSW Steel expects to exceed its export target of 2.2 million tonnes to 2.4 million tonnes for the fiscal year…
A plunge in ferrous scrap prices and a negative trend in most global steel markets resulted in falling billet prices in almost all regions during the week ended Friday September 13. Prices in the Commonwealth of Independent States fell due to lower bids in buying outlets such as Turkey, the Middle East and Egypt. In…
Mint reported that lenders to Bhushan Power and Steel Ltd have held talks with JSW Steel Ltd, which had won the stressed steel mill bid under the insolvency code, as the acquirer is not entirely happy with the takeover terms cleared by the bankruptcy court. Source of information
