The price of steel rebar in the domestic market in Southern Europe was unchanged this week but lower prices were expected to emerge next week because of softer ferrous scrap costs, sources told Fastmarkets on Wednesday September 11. Participants said that there were rumours in the market that low prices had been offered to so-called…
India remains the lowest placed of all the subcontinent recycling destinations, with risible offerings, which remain stranded in the low-to-mid USD 300s/LDT and are still prevalent in Alang. Local port reports too showcase a marginal number of fresh arrivals at the waterfront and are further proof of the minimal number of sales taking place into…
DALIAN, Sept. 11 (Xinhua) — Iron ore futures opened higher Wednesday in daytime trading on the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2020 delivery gained 4.5 yuan (about 63 U.S. cents) to open at 655.5 yuan per tonne. As the world's largest importer of iron ore, China opened the…
The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level. Tin futures traded at an…
Vallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing and casing, over a five year period, with a possible 2-year extension, for an amount of USD 900 million. It covers a full range of products, from standard API to high end premium OCTG for both onshore and…
Vietnam has initiated anti-dumping investigations on certain carbon steel imports from China following a request by local producers. Local manufacturers Posco Vietnam, China Steel Sumikin and Phu My Flat Steel, all based in the southern province of Ba Ria-Vung Tau, have alleged that certain cold-rolled carbon steel coils and sheets imported from China were being…
The price of mesh-quality steel wire rod in the Northern European domestic market moved down this week amid poor demand from the key German market, sources told Fastmarkets on Wednesday September 11. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €460-470 ($508-519) per tonne on Wednesday, down by €10-30…
Metalloinvest has joined the United Nations Global Compact an international initiative centred on corporate sustainability and social responsibility. As a party to the Global Compact, Metalloinvest has undertaken voluntary commitments to comply with the fundamental principles of the UNGC in the fields of human rights, labour relations, environmental protection and the fight against corruption. Metalloinvest…
