thyssenkrupp could sell Elevator Division – Report
Reuters, citing four Source of information
Indonesia to Lose European Commission Safeguard Exemption
The European Commission recently completed its review of the safeguard measures, which were introduced to prevent the redirection of material previously destined for the United States. The Commission has recommended changes, to the list of products from developing nations, that are currently excluded from the quota system. It has made the proposed amendments based on…
Britain to fund steel in $480mln climate change package
The funding is part of Britain's efforts to meet its target to reach net zero greenhouse gas emissions by 2050 to help curb rising global temperatures. LONDON – Britain announced 390 million pounds ($480 million) of spending for low carbon technology on Thursday, most of which will go to the steel industry in a fund…
IRON ORE DAILY: Seaborne prices rebound to nearly $85 per tonne
Physical iron ore prices rose on Friday August 30 on news that China was willing to proceed with negotiations to resolve its trade war with the United States. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $84.66 per tonne, up by $3.19 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $85.04 per tonne,…
NCLT Allows IL&FS to Sell 7 Wind Assets to Orix
National Company Law Tribunal on August 28 cleared the sale of IL&FS’s seven wind energy assets to Japan’s Orix Corporation for INR 4,800 crore, which will partially help reduce its debt burden of over INR 99,000 crore. The tribunal comprising of VP Singh and Rajesh Sharma allowed the government-appointed board’s plea to approve sale of…
China iron ore rebounds, but set for first monthly drop in nine
* Dalian, Singapore iron ore up more than 2% * Dalian iron ore slumps more than 20% in August * Coking coal prices to rebound in 2020 – Fitch Iron ore futures in China climbed on Friday, buoyed as some restocking demand for the steelmaking material emerged, but were on track for their first monthly…
Ukraine: pipe output up in January-July 2019
In January-July Ukraine increased pipes output by 3.3% YoY, to 664.5 thousand tons. In July 86.6 thousand tons were produced. In particular, Ukrtruboprom association enterprises increased pipe output by 2.8%, to 487.3 thousand tons, with 62.5 thousand tons produced in July. Khartsyzsk Pipe Works is still idle. Interpipe-NTZ produced 154.9 thousand tons of pipes, down…
Ukraine: average salary at metal companies up in July 2019
In July enterprises of the mining and metallurgical sphere mostly increased average salary, except for pipe companies. In particular, the average salary at mining companies was 17,796.8 UAH, up by 10.6% MoM. At by-product coke plants the average wage was 19,102.9 UAH (+0.7%), ferrous metal companies – 17,807.9 UAH (+0.5%), non-ferrous metallurgy – 11,911.7 UAH…