In June Russia imported 104.3 tons of raw tin, up by 27.6% MoM, but down by 16% YoY. After a 2-fold drop of deliveries from China in May they increased to 31 tons in June. Imports from Estonia went up by a third, to 61 tons. In 6 months raw tin imports totaled 500.9 tons,…
In June Russia exported 211.1 tons of flat rolled copper, up by 20% MoM and by 6% YoY. Deliveries to Belarus grew 1.5-fold, to 124 tons, and to Ukraine – insignificantly to 51 tons. In 6 months flat copper exports totaled 1.3 thousand tons, up by 8.7% YoY. In monetary terms since the start of…
Korolevsky Pipe Works (Moscow region) will expand its product portfolio. Already in September the company will start producing electric welded section pipes with the size of 100×40 mm and wall thickness of 2 to 5 mm. The company will also manufacture electric welded round pipes with the diameter of 120 mm and the wall thickness…
Russian metals holding Metalloinvest plans to invest more than 12 billion rubles in a second stage of ore concentrate quality improvement at Mikhailovsky GOK mining and processing plant, the company said in a statement. The company invested 1.2 billion rubles in the first stage of improvement, under which Metalloinvest launched fine screening equipment from Derrick…
In August Ukraine produced over 2.4 million tons of coal, which was 13% less than planned. This was reported by the Coal Miners Union of Ukraine with a reference to the data provided by the Energy and Coal Industry Ministry. “In August coal mining enterprises of Ukraine of all forms of ownership produced 2,417,413 tons…
Ratings agency ICRA has revised its outlook on the long term rating for JSW Steel from Stable to Negative based on the fall in profits on the back of low steel prices as well as weakness in domestic demand, JSW Steel said in a stock exchange filing ” ICRA has reaffirmed long-term rating to [ICRA]AA…
China's iron ore futures jumped 6% on Monday to a two-week high, logging a third straight session of gain, fuelled by robust short-term demand after Beijing vowed to provide more support for the country's economy. China's cabinet, the State Council, on Saturday pledged to beef up investment in infrastructure projects and regional development to support…
Export prices for Chinese wire rod continued to drop over the past week, with mills looking to secure more orders from abroad amid subdued domestic demand. Fastmarkets’ weekly price assessment for October/November shipments of steel wire rod (mesh quality) export, fob China main port was $485 per tonne fob on Tuesday September 4, narrowing downward…
