The bulk scrap price fell below $270 per tonne after a lower Kanto auction result and increased European supply to the region. Key market participants in the region expect more price falls after the lower Kanto Tetsugen auction this week, with end users shying away from purchasing large quantities. Large quantities of European scrap meant…
Sergey Filipiev has been appointed Interpipe Niko Tube CEO from September 11. He has been working at major metal enterprises for over 20 years. Before coming to Interpipe he has been working at Chusovoy Iron and Steel Works (Russia). Valeriy Karpyuk, who has been heading the company since 2017, has retired. (Ukrainian metal)
In July Russia exported 25.3 thousand tons of lead ore, down by 39.2% MoM, but up by 20% YoY. Deliveries to China dropped by 46%, to 22 thousand tons, and to Kazakhstan – from 939 tons to 345 tons. In January-July exports totaled 215.8 thousand tons, up by 27.2% YoY. In monetary terms since the…
In July Russia exported 33.5 thousand tons of refined copper, down by 1.2% MoM and by 42.9% YoY. Deliveries to China grew more than 2-fold, to 8.2 thousand tons, while to Germany dropped by 49%, to 3.3 thousand tons. In January-July exports totaled 373.9 thousand tons, down by 1.6% YoY. In monetary terms since the…
Izhstal has increased the power capacity of its foundry shop. This will increase the quality products output. The company has commissioned a new cable track for its steel-smelting furnaces. The length of the track was 1200 meters. Over 20 tons of cable have been laid. Izhstal plans to buy additional molding machines and the cold…
Zoloto Kamchatki has received the results of the independent estimate of the Kumroch gold deposit reserves. SRK Consulting estimated I&I reserves at 6.9 million tons of ore, containing 71.8 tons of gold and 107 tons of silver. Indicated reserves are 4.1 million tons of ore with the average gold content of 10.93 g per ton…
Karelsky Okatysh has resumed selling iron ore concentrate to Cherepovets Iron and Steel Works. This is one of the first projects carried under the Upstream program. With its help CherMK has considerably decreased buying the concentrate from the third parties. During the summer Karelsky Okatysh has shipped 357 thousand tons of concentrate to Cherepovets. 100…
The government has prolonged for 2 years the ban to export steel scrap, including pipes, rails, and elements of railroad and rolling stock. Stainless steel scrap exports are allowed provided the contracts are registered with the Ministry of Economy not later than 5 days before shipping. The ban was introduced in October 2018. (Ukrainian metal)