The state enterprise Lvivugol has ordered OSK-Technology LLC the delivery of mining equipment valued at 30.87 million UAH. This year the Stepnaya mine will receive two 2L1000 conveyers with the length of 760 meters and the capacity of 719 tons per hour valued at 15.43 million UAH each. The company is the manufacturer of the…
The three-month copper price on the London Metal Exchange increased slightly during morning trading on Thursday August 29, bolstered by a fresh cancellation of 24,425 tonnes, while the nickel-tin price differential continues to widen. The fresh cancellations in copper now total just over 59,000 tonnes, the bulk of which have occurred out of LME-registered warehouses…
The price of steel hollow sections in the European domestic market has been reduced, with mills looking to stimulate demand by making lower offers, sources told Fastmarkets on Wednesday August 28. Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was €585-630 ($649-699) per tonne on Wednesday, widening downward by €30 per…
According to economists polled by Reuters, Indian economy likely expanded at its slowest pace in more than five years in the April-June quarter, driven by weak investment growth and sluggish demand. While poll median showed the economy is expected to have grown at a year on year pace of 5.7% in the June quarter, a…
The three-month nickel price on the London Metal Exchange was higher at the close of trading on Wednesday August 28, breaching the $16,000 per tonne resistance level in a bout of short covering, while tightness in the metal’s forward curve meant that it continued to trade at record levels. Some 8,000 lots of nickel changed…
Business Line reported that Tata Steel’s subsidiary Tata Metaliks Ltd is looking to double the production of ductile iron pipe to 400,000 tonnes per annum from the current 200,000 tonnes. The company is also installing a new 15-MW power plant. The estimated investment on the project is INR 620 crore. According to Mr Koushik Chatterjee,…
An overview of the noble alloys markets and their latest price moves. Source of information
PTI reported that Steel Authority of India Ltd has extended the deadline to submit bids for stake sale in its three assets to September 10, 2019. The date for submission of expression of interests for the three SAIL assets has been extended to September 10, 2019. No reasons were given for the extension of the…
