In January-August Russia produced 34.1 million tons of pig iron, down by 1.9% YoY. In August the output dropped by 0.8% YoY, but grew by 1.3% MoM. According to the Federal Service of State Statistics, Russia produced 39.4 million tons of unalloyed steel and semi-finished products, down by 1.1% YoY. In August the manufacture decreased…
In January-August rolled metal consumption in Ukraine dropped by 10.99% YoY, to 2.83 million tons. Imports accounted for 953.4 thousand tons, or 33.7%, up by 3.5%. In 8 months of 2018 the domestic market consumed 3.141 million tons of rolled metal, including 948.5 thousand tons, or 30.2% of imports. The share of flat rolled metal…
Magnitogorsk Iron and Steel Works’ (MMK) representatives took part in the Second Congress of the Russian Steel Association on labor protection, industrial and environment safety held in Stary Oskol. MMK invests around 2.5 billion rubles in occupational safety every year. The event was held on September 10-11 on the site of the Oskol Electrometallurgical Plant…
In January-August Ukraine produced 12.52 million tons of rolled metal, of which 10.64 million tons, or 85%, were exported. In 8 months of 2018 the share of export was 82.1% (10.08 million tons of 12.28 million tons produced). Semi-finished products accounted for 45.78% of exports, up from 43.94% last year. The share of flat rolled…
Mint reported that slowdown in India’s steel sector is spreading to medium and small enterprises, with several companies cutting production in response to lower demand. Such units make up about one-half of India’s total steel production but higher iron ore prices and weak demand have forced many to trim output since August. In some cases,…
The downtrend experienced by export prices for Chinese wire rod persisted over the past week, with mills under pressure to secure orders from overseas buyers. Fastmarkets’ weekly price assessment for November shipments of steel wire rod (mesh quality) export, fob China main port was $470-475 per tonne fob on Tuesday September 17, widening downward by…
Mr Sanjeev Gupta has pledged to invest EUR 400 million over five years to build Liberty Steel’s newly acquired European steelworks into a major force in the global steel industry. Liberty has set a goal of expanding sales at the plants by 50% by 2022. Mr Gupta said “I’m proud to welcome thousands of skilled…
Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Bajío where downward momentum in the United States scrap market has begun to have an impact. In Mexico’s central Bajío region, Fastmarkets’ weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajío, fell to $4,750 pesos per tonne on Tuesday…