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Author Archives: admin

TURKEY FLAT STEEL: Market remains weak on low demand, soft scrap prices

NewnewsBy admin16.09.2019Leave a comment

Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) continued to fall last week on low demand and soft scrap prices, sources told Fastmarkets on Monday September 16. HRC exports Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey, was $455-465 per tonne on September 13, down by $5 per tonne…

Steel Ministry Assures Raw Material Supply to Steel Manufacturers

NewnewsBy admin16.09.2019Leave a comment

Business Line reported that the Steel Ministry would ensure that raw material demands of steel manufacturers, especially secondary steel producers, are met when the mining leases expire in 2020. Minister of Petroleum & Natural Gas and Steel, Mr Dharmendra Pradhan said that the Steel Ministry is working with Ministry of Mines for least disruption in…

Iron ore prices may decline to $60 on weak Chinese demand, says JSW Steel

NewnewsBy admin16.09.2019Leave a comment

JSW Steel Ltd, India’s most valuable steel producer, is predicting declines for iron ore next year as demand from biggest consumer China eases and supplies recover. Prices may trade between $80 and $85 a ton for the rest of 2019 before sliding to $60 to $65 next year, Seshagiri Rao, joint managing director of the…

Ukraine: coke output down in January-August 2019

cokeBy admin16.09.2019Leave a comment

In January-August Ukraine produced 6.87 million tons of 6% moisture bulk coke, down by 6% YoY. In August deliveries of coking coal to by-product coke plants grew by 3% MoM, to 1.19 million tons, including 430 thousand tons of domestic coal, up by 10%, and 760 thousand tons of imported coal. In 8 months deliveries…

Russia: Northern Pipe Company commissions fifth welding mill

pipesBy admin16.09.2019Leave a comment

The Northern Pipe Company has commissioned its fifth pipe-welding mill 16-51. The new mill will cover the growing demand for the cold-rolled and galvanized coils. The company will now also be able to increase small diameter pipes output to 70 thousand tons per year. (Ukrainian metal)

Russia: gold mining starts at Polyanka deposit

goldBy admin16.09.2019Leave a comment

NGK Resurs has commissioned the Polyanka deposit. Some 600 employees have been hired. The company intends to produce around 1.5 tons of gold per year. Until autumn in test mode the company has obtained 330 kg of gold. During the first stage of the project, which is scheduled to last till 2025, the investor will…

Uzbekistan: Almalyk purchases excavators

Almalyk Iron and Steel Works, Almalyk Mining and Processing WorksBy admin16.09.2019Leave a comment

Under the project to develop the Yoshlik I deposit Almalyk Mining and Processing Works has assembled an EKG-15 M excavator and is assembling two more. So far the company has bought 15 excavators, including 13 EKG-15M and 2 EKG-10. The three excavators were received in August. The first was assembled in just 35 days as…

Russia: most of ChTPZ eurobonds bought by British and Russian investors

ChTPZBy admin16.09.2019Leave a comment

Most of the debut eurobonds issued by ChTPZ have been bought by investors from the Great Britain and Russia. ChTPZ placed eurobonds valued at $300 million with the interest rate of 4.5%. Gazprombank, Citi, J.P. Morgan, Societe Generale and Renaissance Capital acted as organizers. UK investors purchased 30% of the issue, from continental Europe –…

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