Hot rolled coil demand, in Denmark, is better than in many other European countries, but shows little sign of improvement. Swedish business activity is quite steady, having recovered from a downturn during the spring. Cheap Russian slab supplies put downward pressure on coil values, in Finland. Demand is healthy, in the Netherlands and market participants…
NLMK Group, a global steelmaker, is pleased to announce the appointment of Vyacheslav Vorotnikov as Managing Director of NLMK Lipetsk, effective 5 August 2019. Mr. Vorotnikov previously held the position of NLMK Lipetsk’s Director of Production Planning and Organization. Sergey Filatov, who previously headed NLMK Lipetsk, has decided to step down as Managing Director for…
Magnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its ‘Energy Management of Industrial Enterprises’ programme. UNIDO is a specialised agency of the United Nations,…
PJSC TMK (TMK) and PJSC NOVATEK (NOVATEK) signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of NOVATEK’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing…
UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing programme conducted in Guinea at the Scientific Diagnostic Centre for Epidemiology and Microbiology (SDCEM). The centre was…
Paul Grenchick was surfing with friends along the Indiana shore of Lake Michigan on Thursday evening. Little did he know, just up the river, thousands of fish were dying, and investigators were struggling to determine exactly how much cyanide and ammonia had flowed into the lake after a spill at an industrial plant earlier in…
NEW DELHI: Market veteran Raamdeo Agrawal said the biggest defaulter in India is none other than the government itself. He said half of the problems the domestic economy is facing will get resolved, once the government starts clearing dues on time. “Even if the government starts paying at least 30-day bill in 30 days, one-third…
The Abu Dhabi National Oil Company announced the award of multi-billion-dollar contracts for the procurement of casing and tubing. The combined scope of the three contracts awarded is one of the world’s largest in this category. The contracts, which were awarded to Consolidated Suppliers Establishment, representing Tenaris SA; Abu Dhabi Oilfield Services Company, representing Vallourec…
